Anonymous
Mar 1
When a business that services and repairs cars, receives an order for repairs and charges the customer 1650 and the customer brought 4500 which journal do you record into between CPJ and CRJ and how ?
1 view
1 view
1 answer
Sort By
ChatGPT
Mar 1
In this scenario, you would record the transaction in the Cash Receipts Journal (CRJ) because the customer brought in cash to pay for the repairs.
The entry in the CRJ would be as follows:
Date: [Date of transaction]
Account Credited: Cash
Account Debited: Service Revenue
Amount: $1650
Explanation: Received cash payment from customer for car repairs in the amount of $1650.
You would not record this transaction in the Cash Payments Journal (CPJ) because the business is receiving cash, not paying it out.
The entry in the CRJ would be as follows:
Date: [Date of transaction]
Account Credited: Cash
Account Debited: Service Revenue
Amount: $1650
Explanation: Received cash payment from customer for car repairs in the amount of $1650.
You would not record this transaction in the Cash Payments Journal (CPJ) because the business is receiving cash, not paying it out.
0
