Having complete control of your papers at any time is crucial to ease your everyday tasks and increase your productivity. Accomplish any goal with DocHub features for document management and practical PDF file editing. Gain access, change and save and incorporate your workflows with other safe cloud storage services.
DocHub offers you lossless editing, the opportunity to use any formatting, and securely eSign documents without the need of searching for a third-party eSignature option. Get the most of the document management solutions in one place. Consider all DocHub features right now with your free account.
In this video tutorial, we discuss the cash receipts journal, which tracks all cash inflows to a business. The cash receipts journal format is introduced, followed by an example involving a customer, John Henry, who pays $500 of his accounts receivable. The process starts with recording the date, then crediting the accounts receivable for John Henry, along with an explanation of the invoice being paid. A 10% discount ($50) is noted in the sales discount column, while $450 is recorded in the cash debit column. The full purchase amount is entered in the accounts receivable credit column, demonstrating how to properly complete a cash receipts journal entry.