I have to enter things into quickbooks pro 2005, I am in the advances part of the class so the homework is not just some parts of a small business but, the whole outlook on the business.
I am having problems trying to get this transaction put it.
Purchased a 10,000.00 computer system on invoice.. paying 5,000.00 down with a check and 5,000.00 in a long term note.
I have a debit of 5,000.00 on notes payable
I have 5,000.00 under computer system which is a fixed asset account with a depreciation sub account.
And I wrote the 5,000.00 check out of checking like it said to do..
What is wrong is that there should be 10,000.00 under computer systems and not 5,000.00 and I can not figure out what I did wrong.. please help!:confused: