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

    Apr 15, 2013, 07:08 AM
    How do I journalize received $4523 from credit card after $115 was deducted
    In a debit/credit entry journal, how would I enter this statement:

    Received $5,325 from American Express Company after a $115 collection fee had been deducted.

    Thank you
    Stilzes's Avatar
    Stilzes Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Apr 15, 2013, 07:10 AM
    How do I record this statement in a debit/credit journal entry?
    Received $4523 from American Express Company after $115 had been deducted deducted
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