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Credits to customer accounts and credits to other accounts are individually posted from a cash receipts journal such as the one in Exhibit 7.7. Why not put both types of credits…

Credits to customer accounts and credits to other accounts are individually posted from a cash receipts journal such as the one in Exhibit 7.7. Why not put both types of credits…
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Credits to customer accounts and credits to other accounts are individually posted from a cash receipts journal such as the one in Exhibit 7.7. Why not put both types of credits in the same column and save journal space?

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User Dviros
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Answer:

Please see attachment

Step-by-step explanation:

Please see attachment

Credits to customer accounts and credits to other accounts are individually posted-example-1
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User MathiasRa
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