Learn more about journal entries for accounts receivable, explore how to create one of these entries and review an example to guide you. Homework screen shots for Chapter 7 Cash and Receivables knowledge check 01 which of the following describe compensating balances?(select all that apply.) Learn how to properly record accounts receivable journal entry with our comprehensive guide on journal entries. Accounts receivable discounted refers to the selling of unpaid outstanding invoices for a cash amount that is less than the face value of those invoices. We can take care of accounts receivables for you, including payment processing and collections, so all is ready for sales tax filing as it become due. The Accounts Receivable Office is responsible for ensuring that all Wake Tech student accounts are accurate and for collecting any overdue balances. An accounts receivable journal entry is the recording of an accounts receivable transaction in the business's accounting records. Learn more with BlackLine. In this guide, we explain the nine steps in the AR process (with flow charts!) and how to optimize it.