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-   -   Journalizing Tranactions (https://www.askmehelpdesk.com/showthread.php?t=147259)

  • Oct 31, 2007, 09:44 PM
    asmalwood1
    Journalizing Tranactions
    Borrowed $500 from his dad to purchaes a lawn mower
    How would I record this transaction??
  • Nov 3, 2007, 05:13 AM
    rose_fleure
    Your cash will be debited $500
    Accounts payable credit $500

    Because u have a debt to pay later
    You may want to check with someone else I am new at journalizing
  • Nov 3, 2007, 04:00 PM
    CaptainForest
    And when you buy the lawn mower…

    Dr. Lawn Mower 500
    Cr. Cash 500

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