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Ken Garrett 8 months, 3 weeks ago.
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- October 3, 2018 at 1:45 pm
How to record a journal entry if the agent pays us cash one moth later
October 4, 2018 at 9:08 amIf the agent was suppose to make a transfer last month but he only did it on the beginning of this month
October 4, 2018 at 4:41 pmPresumably therefore the agent was recorded as a receivable at the end of last month (otherwise how would we know we were due the money?). When teh cash is received it would be:
Dr Cash
Cr Agent in receivables ledger.
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