Go to the next line, and enter the general ledger account number for "revenue." Go to the column labeled "credit," and enter the amount of cash received from customers for the week a second time.

By knowing how to calculate and account for them properly, you'll learn to recognize them when you see them in a company's financial statements.

Total each revenue account and add the totals of each revenue account together to get a sum total of the revenue journal entries in your ledger.

To calculate a missing account on an income statement, first we need to understand how to read one Income statements are meant to be read from the top to the bottom.

By knowing how to calculate and account for them properly, you'll learn to recognize them when you see them in a company's financial statements. The Motley Fool has a disclosure policy.