and Receivables Cycle
Note 1: Introduction
* Recording of sales transactions and collection of cash
* Accounts used: sales, a/r, bad debt expense, ADA, cash
* Documents used: customer order, sales order, shipping document, sales invoice, sales journal, remittance advice, bank deposit list, cash receipts jornal, credit memo, sales return and allowance journal, uncollectable account authorization form, a/r master file, a/r trail balance, monthly statement
Note 2: Functions in the Cycle