Answer and Explanation:
The presentation of the cash receipt journal is as follows;
<u>Date Description Account Sale Sale Title Amount Cash </u>
<u> Receivable tax Credit of debit</u>
<u> Credit Payable Account</u>
<u> Credit</u>
Nov 1 Katie Bing $2,300 $2,300
Nov 10 Collection
From mike drake Note receivable $3,700
Interest income $240 $3,940
Nov 13 Jessie cole $4,100 $4,100
Nov 15 Cash sales $2,300 $26,500 Cash overage $14 $28,814
Nov 30 Totals $6,400 $2,300 $26,500 $3,954 $39,154
