Cathyhan5555
Jan 17, 2017, 03:49 AM
Transation: Recorded credit card fee expense for $300. M50 (Debit credit card fee expense, and credit cash)
1. Since it's a M, I thought I should put it on General Journal.
However, when I get to post it, there is only 2 lines left for Cash ledger, and those two lines are for Cash Payment Journal's cash credit and Cash Receipt Journal's Cash debit. That means I can not put cash in General Journal.
2. Therefore I tried to put it on Cash Payment Journal. However,on the CP journal, there is no space for Doc.number. Instead, they have check number on it. Therefore I am unable to put M50.
So what should I do？And what's the account title?
1. Since it's a M, I thought I should put it on General Journal.
However, when I get to post it, there is only 2 lines left for Cash ledger, and those two lines are for Cash Payment Journal's cash credit and Cash Receipt Journal's Cash debit. That means I can not put cash in General Journal.
2. Therefore I tried to put it on Cash Payment Journal. However,on the CP journal, there is no space for Doc.number. Instead, they have check number on it. Therefore I am unable to put M50.
So what should I do？And what's the account title?