Hi there,

I am currently doing College Accounting(manual) and I am in the cash payment jornalo and I am having a slight problem and my instructors are not theer over the weekend so here I am. I can do the straight forward stuff but this one is a little confusing. Question is

Issued a cheque(3809)for $686 to hale Company, a creditor on account for invoice of $700 less cash discount of $14.

How do I post that in the cash payment journal??

Hope someone can help me

Bubabear

The journal entry would be:
Dr. A/P - Hale Company $700
Cr. Cash, cheque 3809, $686
Cr. Discounts Received $14

I am not familiar with the program itself though.

Thanks appreciate the help:)