Cash Receipts Journal Page 12
Date
Account
Credited
Post.
Ref.
Fees
Earned
Cr.
Accts.
Rec.
Cr.
Cash
Cr.
Other
Accounts
Dr.
Answer:
1. The Cash column is for debits (not credits).
2. The Other Accounts column is for credits (not debits).
3. A better order of columns would be to place the Other Accounts Cr. column to the left of the Fees Earned Cr. column.
A recommended and corrected cash receipts journal is as follows:
CASH RECEIPTS JOURNAL Page 12
Date
Account
Credited
Post.
Ref.
Other
Accounts
Cr.
Fees
Earned
Cr.
Accts.
Rec.
Cr.
Cash
Dr.