The purpose of this Policy is to set a standard to acquire a credit account, ensure a remittance process and protect. (a) Methods of transactions.The purpose of this procedure is to provide direction for the use of the State of Ohio Payment Card. Your debits and credits should always be equal and balance each other out. You can see below an example of an accounts receivable journal entry. If stated in the credit agreement, Ohio law allows for a creditor to charge you as much as 25 percent annual interest on the unpaid balance. "Zale" has the meaning set forth in the preamble. Choose between manual receivables or imported from accounting software receivables. Fill out all required information. Accounts Receivable BlastOne.