Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   How would I post purchased a truck, paid some cash and put the balance on account? (https://www.askmehelpdesk.com/showthread.php?t=489531)

  • Jul 18, 2010, 04:20 PM
    samiam10
    How would I post purchased a truck, paid some cash and put the balance on account?
    A company purchased a truck for $12,000, paying 5,000 in cash, and the balance on account?
  • Jul 23, 2010, 07:39 AM
    pready

    Debit Truck for the total amount
    Credit Cash for the amount of cash paid
    Credit Accounts Payable for the difference

    • All times are GMT -7. The time now is 06:15 AM.