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    moemoney9788's Avatar
    moemoney9788 Posts: 3, Reputation: 1
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    #1

    Oct 31, 2008, 08:06 PM
    Journalizing entries
    How do I go about journalizing an entry that is paid by using a check?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 1, 2008, 07:05 AM

    If a Check is received:
    Debit Cash for the amount
    Credit Accounts Receivable for the amount.

    If a Check is sent out from the company:
    Debit Accounts Payable or the Appropriate Expense Account for the amount.
    Credit Cash for the amount.
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