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    majax79's Avatar
    majax79 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Sep 30, 2007, 11:02 PM
    Journal Entry for Acct I College Class
    Here's the journal entry I need to make for accounting I college class:

    Paid $1,500 cash on amount owed on truck.

    Debit = ?
    Credit = Cash 1,500

    I can't figure out what account I would debit. I'm thinking accounts payable?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Oct 1, 2007, 10:51 PM
    Dr. Accounts Payable 1,500
    Cr. Cash 1,500
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