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lcannister
Nov 8, 2011, 07:18 PM
I don't know how to correct this entry...
The entry to record a customer's $18,000 payment was recorded as a debi to Cash for $18,000 and a credit to A/R for $1800.
Please help. The book is no help!

pready
Nov 9, 2011, 07:39 AM
You need to Credit Accounts Receivable for the difference between 18,000 and 1,800 so that your total Credit amount will be 18,000