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APPLICATION FOR CASH ACCOUNT Send Application to: Johnstone Supply Accounts Receivable 12800 Lyndon St. Detroit, MI 48226 Phone: (313) 491-4911 Fax: (313) 491-3600 Company Name Contact Address City,
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Cash application is a process in which companies record and apply incoming payments to customer accounts.
Cash application is typically performed by accounting or finance departments within a company.
To fill out a cash application, you need to match incoming payments to the corresponding customer invoices and record the payment details in the accounting system.
The purpose of cash application is to accurately record and allocate customer payments, ensuring that the company's accounts receivable balances are up to date.
The information reported on a cash application includes customer name, payment amount, payment date, invoice number, and any relevant payment references.
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