Accounts Receivable Journal Entries

The accounts receivable journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of accounts receivable.

In each case the accounts receivable journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.

Typical Accounts Receivable Journal Entries


To record a sale to an account customer
Account Debit Credit
Accounts receivable XXX
Revenue XXX

To receive a cash payment from an account customer
Account Debit Credit
Cash XXX
Accounts receivable XXX


To receive a cash payment from an account customer taking cash discount
Account Debit Credit
Cash XXX
Discount allowed XXX
Accounts receivable XXX

A credit note is issued to a customer
Account Debit Credit
Revenue XXX
Accounts receivable XXX

To write off an accounts receivable as a bad debt
Account Debit Credit
Bad debt expense XXX
Accounts receivable XXX

To set up an allowance for doubtful debts
Account Debit Credit
Bad debt expense XXX
Allowance for doubtful debts XXX

To use the allowance for doubtful debts to write off an accounts receivable
Account Debit Credit
Allowance for doubtful debts XXX
Accounts receivable XXX

To record cash received after an accounts receivable has been written off
Account Debit Credit
Cash XXX
Accounts receivable XXX
Accounts receivable XXX
Allowance for doubtful debts XXX

Accounts Receivable Journal Entries June 6th, 2017Team

You May Also Like


Related pages


simple depreciation formulasuspense examplescalculating net realizable valuepresent value of infinite cash flowcash payment voucher templatedeferred rent assetmonthly accounts excel templateaccrued wages journal entrysegregation of duties accounts receivablebank reconciliation statements examplestemplate for bookkeeping small businesspv of perpetuity calculatoramortization schedule excel downloadmerchandise inventory current assetbalance sheet reconciliation examplesbond amortization schedulewhat is a nsf checkfob shipingimpress accountprofitabilty indexeft electronic funds transfer definitionnormal balance for dividendsjournal entries under perpetual inventory systemunrealized gains and losses income statementhorizontal analysis for income statementwhat does eom mean in accountingpetty cash voucher template ukcost method of accounting journal entriesefficiency ratio receivables turnover formulaconvert cash to accrualhow to prepare a schedule of accounts receivablevalue of perpetuity formulasingle ledger accountingexample of marketable securitieshow to calculate effective annual ratemulti step income statmentpurchasing price varianceaccounting entries for sale of businessretained earning balancejournal entries quizweighted average with percentagesperiodic interest rate formulaadjustment trial balance worksheethow to calculate equivalent unitsexample accounting equationprovision for obsolescencejournal entry for accrualshow to compute inventory turnoverunearned rent revenue adjusting entrythe journal entry to record a return of merchandisemandatorily redeemable preferred stocknotes receivable assetmileage claim form templatemarkup accountingtrade in allowance journal entryunaccrued income meaningdays accounts receivable formulahow to calculate markupjournal entry for unrealized gain on trading securitiesworksheet of accountingdividend formula accountingsupplier statement reconciliationaccelerated depreciation methodsgeneral ledger excel templatehow to work out gross profit marginabsorption overheadannuity function in exceleom payment termsadjusting entry for prepaid insurancevariable overhead variancescalculate pay back periodaccounts payable ledger templatesingle entry ledger examplewhat is present value of an annuityjournal entry for unearned revenueposting journal entries to ledger