What will be the journal entry for Recorded revenue of 16000 in cash and 1200 on credit?

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1017715

2026-03-14 00:40

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If we have a revenue of $16000, of which $1200 was on "credit" then we simply need to figure the amount of "cash" we received and then record the transaction to the Journal.

$16000 (revenue) - $1200 (credit) = $14800 (cash)

Cash (debit) $14800

Account Receivable (debit) $1200

Revenue (credit) $16000

In double-entry accounting credits must equal debits.

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