Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Correcting entries? (https://www.askmehelpdesk.com/showthread.php?t=610627)

  • Nov 8, 2011, 07:18 PM
    lcannister
    Correcting entries?
    I don't know how to correct this entry...
    The entry to record a customer's $18,000 payment was recorded as a debi to Cash for $18,000 and a credit to A/R for $1800.
    Please help. The book is no help!
  • Nov 9, 2011, 07:39 AM
    pready
    You need to Credit Accounts Receivable for the difference between 18,000 and 1,800 so that your total Credit amount will be 18,000

    • All times are GMT -7. The time now is 05:05 AM.