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    davis2008's Avatar
    davis2008 Posts: 2, Reputation: 1
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    #1

    Sep 27, 2007, 07:50 AM
    Entering a transaction on a general journal sheet
    I'm having a problem posting two particular transactions on a general journal sheet.

    The transaction is Collected registration fees $16,200.00. Now can this transaction be posted like this Cash $16,200.00 on the debit side and Registration fees $16200.00 on the credit? Or can this transaction be posted in a different way?

    The second transaction is Received bill from Bob's restaurant for meals served to campers on account $6,500. Can this transaction be posted as Food expense $6,500 on the debit side and Accounts payable $6500.00 on the credit?

    Please help
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Sep 27, 2007, 12:54 PM
    These 2 transactions are correct.
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