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-   -   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

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