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moemoney9788
Oct 31, 2008, 08:06 PM
How do I go about journalizing an entry that is paid by using a check?

pready
Nov 1, 2008, 07:05 AM
If a Check is received:
Debit Cash for the amount
Credit Accounts Receivable for the amount.

If a Check is sent out from the company:
Debit Accounts Payable or the Appropriate Expense Account for the amount.
Credit Cash for the amount.