Question
I have a problem I am trying to post into a journal. the question is..
"Received an invoice on account from Artex Golf Products for merchandise purchased on account"
Can anyone help me post this into my journal?
My columns are.
General, accounts recievable, sales credit, sales tax payable, accounts payable, purchases debit, and cash
"Received an invoice on account from Artex Golf Products for merchandise purchased on account"
Can anyone help me post this into my journal?
My columns are.
General, accounts recievable, sales credit, sales tax payable, accounts payable, purchases debit, and cash
Answers
Debit Accts Receivable, Credit sales
Hint: anything on account is usually receivables or payables depending on if you are the buyer or seller.
Hint: anything on account is usually receivables or payables depending on if you are the buyer or seller.
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