I have a question on the proper way to post a journal entry. I have paid expenses for the company and I have draws paid to me by the company. I know to debit the expenses paid by me and credit the draws paid by me on the journal entry, but what I don't know is how to allocate the actual expense. For example, if I paid $10 in tolls, how do I actually show the company has paid $10 in tolls?

Expenses Pd by ME $10 debit
Draws Pd to ME $10 credit
Tolls $10 debit
WHAT ACCOUNT GOES HERE? INCOME? $10 credit

Thanks!

Debit to tolls, credit your checking acct. Example:

You paid $10 tolls, $20 business lunch, $30 office supplies.

Company writes check to you for $60
$60 credit to checking acct

Debit $10 tolls, $20 meals, $30 supplies

I think there's a bit of confusion here. Are you saying that you personally have paid for expenses that belong to the company? And the company is reimbursing you? If so, that isn't a draw. If these are two unrelated transactions, keep them separate.

I don't feel comfortable with any of these answers without more specifics about exactly what happened there.

(As for tolls, the only kind I know about are the kind you pay on the road - i.e. a toll road. Is that what you're referring to?)