If I am writing a check from our checking account, I would debit the checking account and credit accounts receivable correct?
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If I am writing a check from our checking account, I would debit the checking account and credit accounts receivable correct?
Incorrect.
Funds going out of your chequing account would be a credit.
You Debit the Account you are making the payment for. Example - Expense Account for the amount of the Check
Credit Cash for the amount of the Check
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