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    Kcchiefs88's Avatar
    Kcchiefs88 Posts: 3, Reputation: 1
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    #1

    Nov 30, 2008, 11:38 AM
    Cash Payment Journal Entry
    How would I post this transaction... Camo Co issued check# 3412, payable to payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 5, 2008, 05:49 AM

    Debit Payroll Cash for 8,470
    Credit Cash for 8,470

    Debit Sales Salaries Expense for 5,320
    Debit Office Salaries Expense for 3,150
    Credit Payroll Cash for 8,470
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