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If a company has received a payment from a customer then accounts receivables would be debited?

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How are Payments to be applied to Accounts Receivable?

When a payment is received from a customer the adjusting entry is really simple. Cash has to be adjusted for the amount received since the company is actually receiving cash.

Are accounts receivable a credit or debit?

Accounts receivable is a debit.  Answer:  Accounts receivable is an asset and therefore maintains a debit  balance. This is an account listing what a person or company

What does insurance companies do with the monthly payments they receive from customers?

Those payments are referred to as "premiums". The premiums are paid in return for the insurance company's promise to pay the face amount of the insurance upon the death of the