10409 ACCOUNT NO. 1313 - ACCOUNTS RECEIVABLE-REVENUE
(Revised 2/99)
Normal Balance: Debit
Purpose: This account shows the amount receivable from private entities for revenue items which when collected will be remitted to the State Treasury to the credit of a fund but not an appropriation.
Subsidiaries: Accounts Receivable Ledger or File
Normal Entries:
| Entry No. |
Debits |
Entry No. |
Credits |
6. Invoices are prepared for revenue transactions.
A-3. Year-end accruals are recorded.
A-5. Interest earnings on investments are accrued as of June 30. |
7. Cash is received and applied, realizing accounts receivable-revenue.
8. Cash is applied, realizing accounts receivable-revenue.
9. Accounts receivable are written off.
35. Interest on investments accrued at June 30 is received.
36. Cash is received and applied from the sale of accounts receivable-revenue. |
