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-   -   Journalizing entries (https://www.askmehelpdesk.com/showthread.php?t=275808)

  • Oct 31, 2008, 08:06 PM
    moemoney9788
    Journalizing entries
    How do I go about journalizing an entry that is paid by using a check?
  • Nov 1, 2008, 07:05 AM
    pready

    If a Check is received:
    Debit Cash for the amount
    Credit Accounts Receivable for the amount.

    If a Check is sent out from the company:
    Debit Accounts Payable or the Appropriate Expense Account for the amount.
    Credit Cash for the amount.

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