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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