7 2: Describe and Explain the Purpose of Special Journals and Their Importance to Stakeholders Business LibreTexts
The cash receipts journal is used to record all receipts of cash (recorded by a debit to Cash). In the preceding example, if Baker Co. paid the $1,450 owed, there would be a debit to Cash for $1,450 and a credit to Accounts Receivable. A notation would be made in the reference column to indicate […]
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