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    izayah12's Avatar
    izayah12 Posts: 3, Reputation: 1
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    #1

    May 8, 2013, 12:55 PM
    Paid for local softball team sponsorship (which was a miscellaneous expense)
    Paid for local softball team sponsorship (miscellaneous expense), $15
    izayah12's Avatar
    izayah12 Posts: 3, Reputation: 1
    New Member
    		  
    #2

    May 8, 2013, 12:56 PM
    Paid for local softball team sponsorship (miscellaneous expense), $15
    What transactions occurred?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    May 8, 2013, 04:07 PM
    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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