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    vcdumb's Avatar
    vcdumb Posts: 1, Reputation: 1
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    #1

    Oct 1, 2011, 05:25 AM
    Horizontal model of accounting?
    How can I do an entry showing paid 100000 owed for store equipment and $620000 of the amount due to suppliers for credit purchased previously recorded
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 1, 2011, 06:39 AM
    Debit Accounts Payable for 720,000
    Credit Cash for 720,000
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