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angela ford
Dec 3, 2008, 08:24 AM
If I am writing a check from our checking account, I would debit the checking account and credit accounts receivable correct?

DFK
Dec 3, 2008, 08:38 AM
Incorrect.
Funds going out of your chequing account would be a credit.

pready
Dec 5, 2008, 12:37 PM
You Debit the Account you are making the payment for. Example - Expense Account for the amount of the Check

Credit Cash for the amount of the Check