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-   -   Accounts Payable (https://www.askmehelpdesk.com/showthread.php?t=219450)

  • May 24, 2008, 06:49 PM
    Mekad
    Accounts Payable
    A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. What entry is required in the depositor's accounts?

    I said debit accounts payable: credit cash
    I just want to make sure I am on the right track
  • May 25, 2008, 12:24 AM
    morgaine300
    Yes, the entry is correct, once you add a dollar amount. That is the original entry that would have been made, but was not for enough, so it's like you're recording the rest of it.

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