This topic contains 3 replies, has 2 voices, and was last updated by 
Ken Garrett 4 months, 2 weeks ago.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
- 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.
Viewing 4 posts - 1 through 4 (of 4 total)
You must be logged in to reply to this topic.