Itemize the steps relevant to making journal entry in accounts receivable and payables modules of sage...

Itemize the steps relevant to making journal entry in accounts receivable and payables modules of sage 50?

Itemize the steps relevant to making journal entry in accounts receivable and payables modules of sage 50

Expert Solution

To record the receipt from a customer, open the Customers & Sales Navigation Center. Click on the Receive Money icon and select Receive Money from Customer from the drop down list provided. Alternatively, through the Banking Navigation Center you can also access the same Receive Money icon and select Receive Money from Customer from the drop down list provided.

To record the payment to a vendor, open up the Vendors & Purchases Navigation Center. Click on the Pay Bills icon and select Pay Bill from the list of options presented. Alternatively, through the Banking Navigation Center you can also access the same Pay Bills icon and select Pay Bill from the drop down list provided.

ekkarill92 answered 1 year ago

enue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20...

enue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20 to provide educational services. The services provided during the remainder of the month are as follows: July 21. Issued Invoice No. 1 to J. Dunlop for $115 on account. July 22. Issued Invoice No. 2 to K. Tisdale for $350 on account. July 24. Issued Invoice No. 3 to T. Quinn for $85 on account. July 25. Provided educational services, $300, to K. Tisdale...

Revenue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20...

Revenue Journal; Accounts Receivable subsidiary and General Ledgers Sage Learning Centers was established on July 20 to provide educational services. The services provided during the remainder of the month are as follows: July 21. Issued Invoice No. 1 to J. Dunlop for $185 on account. July 22. Issued Invoice No. 2 to K. Tisdale for $780 on account. July 24. Issued Invoice No. 3 to T. Quinn for $170 on account. July 25. Provided educational services, $305, K. Tisdale in...

A company has increasing accounts receivable, increasing inventory and decreasing accounts payables year over year on...

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Distinguish the accounts receivable from the revenue cycle. What are the steps in managing accounts receivable? Explain each step.

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In 250 Words, write a reflective journal entry about Accounts Payable Articles.

Transaction To Record the Transaction in a Journal Entry, Name the Accounts that you would debit...

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In making the adjusting entry for uncollectible accounts, a company may use the percent of sales...

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What type of account is accounts receivable? Revenue Asset Equity An entry to post a vendor...

What type of account is accounts receivable? Revenue Asset Equity An entry to post a vendor invoice debits Accounts Payable and credits an Expense account True False When and why would it be appropriate to accrue an AP Invoice? Complete the sentence using one phrase from both column A and column B When _______________________________________________________ and ________________________________________________________________ Column A Column B Goods are ordered Goods are received You are under budget Goods are shipped an invoice has not been received...

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