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    lcannister's Avatar
    lcannister Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 8, 2011, 07:18 PM
    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!
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Nov 9, 2011, 07:39 AM
    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

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