Here's the journal entry I need to make for accounting I college class:
Paid $1,500 cash on amount owed on truck.
Debit = ?
Credit = Cash 1,500
I can't figure out what account I would debit. I'm thinking accounts payable?
|
Here's the journal entry I need to make for accounting I college class:
Paid $1,500 cash on amount owed on truck.
Debit = ?
Credit = Cash 1,500
I can't figure out what account I would debit. I'm thinking accounts payable?
Dr. Accounts Payable 1,500
Cr. Cash 1,500
| All times are GMT -7. The time now is 01:39 AM. |