Journal entries for Accounts Receivable are an important part of a businesses accounting. Those items that have been sold yet payment has not been received for are recorded in the company’s accounts receivable.

As the cash has not actually been received for goods or services rendered, the revenue is typically recognized yet the balance sheet side is recorded in accounts receivable.

Journal Entry to Record Sale on Accounts Receivable
Dr. Accounts Receivable $1,000
Cr. Revenue $1,000

Journal Entry to Record Cash Payment on Account Receivable
Dr. Cash $1,000
Cr. Accounts Receivable $1,000

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