I work for a multi unit company and I have the following to post and I need to know how to post:
2 companies: 1st company receives money that belongs to 2nd company.
1st company deposit sample $25.00 post to (due to account to 2nd company.)
2nd company money must be entered as income in 2nd company. I post journal entry for sales $25.00 and $25.00 to (due from $25.00). My questions is how do I post cash to show in my bank. Debit to cash and credit to?
