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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

What steps are followed in posting cash receipts from the general journal to the accounts receivable ledger?

To determine

Indicate the steps followed in posting the cash receipts from general journal to the accounts receivable ledger.

Explanation

Cash receipts: The amount of cash received from the credit sale transactions, cash sale transactions, and credit card sale transactions, is referred to as cash receipts.

Posting cash receipts from general journal to the accounts receivable ledger:

Step 1: Enter the date of the transaction in the Date column.

Step 2: Enter the debit amount and the credit amount in the Debit and Credit columns respectively...

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