Sections:

Special Journals: Cash Receipts , Page 13

Recording Other Cash Receipts- Example

Study the procedure for entering other cash receipts in the cash receipts journal using the following example: 

On January 16, Olympic received $60 from Mark Anthony, an employee who purchased a typewriter that the business was no longer using. The source document for this transaction is receipt 104. 

The image below displays the receipt and journal entry for this transaction. 

example of receipt and journal entry