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    ctrinidad's Avatar
    ctrinidad Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 11, 2013, 02:02 PM
    How do I set up the note?
    What if I had to pay the Vehicle with a bank check. Check made out to the Bank paid the dealer. When I made the check to the bank I booked the asset to Vechicles. How do I set up the note?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Sep 12, 2013, 06:15 AM
    When you write the check your journal entry should be a Debit to Vehicles and a Credit to Cash for the amount paid for the vehicle.
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