Читать книгу QuickBooks 2022 All-in-One For Dummies - Nelson Stephen L., Stephen L. Nelson - Страница 49
Recording the payoff of a loan
ОглавлениеSuppose also that you use cash profits from the day to pay off the $1,000 loan that the balance sheet shows (refer to Table 2-2 earlier in this chapter). To record this transaction, you debit loan payable for $1,000 and credit cash for $1,000, as shown in Table 2-14.
TABLE 2-14 Journal Entry 10: Recording the Payoff of the Loan
| Account | Debit | Credit |
|---|---|---|
| Loan payable | $1,000 | |
| Cash | $1,000 |
