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    todom's Avatar
    todom Posts: 1, Reputation: 1
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    #1

    Mar 22, 2010, 01:51 PM
    Journal entry help!
    If you receive 8900 cash from Foley Co. on account, no discount what would be my journal entries?
    Jazzy2010's Avatar
    Jazzy2010 Posts: 5, Reputation: 1
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    #2

    Mar 22, 2010, 04:48 PM

    If Foley Co. is paying part or all of their debt to you:

    Debit Cash $8,900
    Credit Accounts Receivable

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