Paid for local softball team sponsorship (miscellaneous expense), $15
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Paid for local softball team sponsorship (miscellaneous expense), $15
Paid for local softball team sponsorship (miscellaneous expense), $15
What transactions occurred?
You paid means that cash went out and the other part is given to you. It is Misc Expense.
So your journal entry will be:
Debit Misc Expense and Credit Cash for 15.
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