The date is before the date in the Pmt. You can resend your customer's invoice as a reminder. Dr. To BankClearing A/c 2. On the same invoice that was recently created, click on. Here are numerous examples that illustrate some common journal entries. Just make sure to un-check the invoice that shows up under Outstanding Transactions. Aug. 14. Discount Date field. WebIt is to be created and recorded in the books of accounts by the company. First, we will debit the expense (to increase an expense, you debit it); and then, credit Cash to record the decrease in cash as a result of the payment. Your email address will not be published. The seller who receives partial payment needs to record cash for the same amount and reverse accounts receivable. Prepare the necessary journal entries to record the transactions. In another case, if the company issues the check for buying the office supplies, one asset (office supplies) will increase while another asset (bank account) will decrease. How can I actually record a partial payment? You have clicked a link to a site outside of the QuickBooks or ProFile Communities. How to create a journal entry for accounts receivable. In business, the company may issue the check for various purchases from suppliers as well as for some expenses during the accounting period. Connect with and learn from others in the QuickBooks Community. In fact, this card is so good that our experts even use it personally. WebTo record partial payment of account Debit Credit Mar 1 Cash $ 100,000 Common Stock $ 100,000 To record issuance of stock Mar 2 No Journal Entry Mar 3 No Journal entry Mar 5 Cash 50,000 Common Stock 50,000 To record issuance of stock Mar 6 No Journal Entry Mar 7 Supplies 450 Cash 450 To record purchase of stationery Mar 9 Office Please wait for a few seconds and try again. Without this journal entry, the $19,000, which is the wrong amount, will still be included on the balance sheet of the company ABC. Required: 1. Assume that your company purchased a car for $10,000 by paying cash of $4,000 and signing a promissory note for $6,000. To calculate double declining depreciation for the same asset we used above, you would do the following: This yields your depreciation expense for the assets first year of use. Updated Aug. 5, 2022 - First published on May 18, 2022. Enter amounts that are the same as the amount in the Remaining Amount field on as many lines as possible. Alternatively, you may want to record the payment in the journal until the origin of the payment has been resolved. In many cases, even using software, youll still have to enter a journal entry manually into your application in order to record depreciation expense. WebIn this journal entry, the balance of the inventory on the balance sheet will be reduced by the refund amount of $1,000 to reflect the actual cost of $18,000 of the purchased inventory. To make it easier to later identify entries that were posted through the journal, you can assign a specific number series to the journal. You can perform the same tasks, including vendor payments, on the Payment Reconciliation Journal page using functions for bank statement import, automatic application, and bank account reconciliation. Transaction #15: On December 31, the company paid salaries to its employees, $3,500. Your monthly depreciation expense would be one-twelfth of this figure: This will change each year, as you would use the new book value, which would be $1,300 (the original price of the asset minus the amount already depreciated), to calculate the following years depreciation. WebRecord the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. Below is the simple journal entry for the retirement by conversion: In the above journal entry, we ignore the cost of conversion. Now, lets explore the opposite situationwhen a partner withdraws from a partnership. You post the payment as partial. Please enable it in order to use this form. By clicking "Continue", you will leave the community and be taken to that site instead. The journal entry for depreciation is considered an adjusting entry, which are the entries youll make prior to running an adjusted trial balance. The repayment of a secured or an unsecured loan depends on the payment schedule agreed upon between both the parties. WebE8.16 For each of these three credit purchases, prepare the journal entry to record the payment of the obligation. (Note: This is a simplified entry to present the payment of salaries. And, we will record withdrawals by debiting the withdrawal account Mr. Gray, Drawings. Below are some common situations wherein the accounts payable journal entries are to be maintained. The payment term will depend on the sellers credit term. What Types of Homeowners Insurance Policies Are Available? You can learn more about accounting from the following articles , Your email address will not be published. Prepare a journal entry to record this transaction. The journal entry is debiting cash and credit accounts receivable. ! Select the Payment Made check box on the lines that represent posted documents for the same customer for which a lump-sum payment has been made. All In fact, all companies, especially the big and long-standing ones, need to adopt an automated accounts payable system to make sure the following process is accurately performed. Because you can post different payment types to different balancing accounts, you must select a balancing account on the Payment Registration Setup page before you start processing customer payments. The payment date will vary depending on the credit term and the customer cash flow. For example, if you make 35,000 copies the first year, youll calculate depreciation as follows: Units of production depreciation will change monthly, since its based on machine or equipment usage. Sales & Mr. Gray withdrew $7,000 from the company. Credit the liability What is paid wages in cash journal entry? To learn more, see the Related Topics listed below: Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. Verify that the Remaining Amount field contains zero (0). Want to re-attempt? That leaves 515 outstanding. To record a $1,000 sale a credit sale the journal entry needs to show both the $1,000 increase in accounts receivable and the $1,000 increase in sales Moreover, I also recommend reaching out to your accountant for guidance. The amount is equal to the amount in the Rem. The customer must make payment within 30 days otherwise they will be a penalty of 1% per month. Prepare the Stockholders Equity section of the balance sheet at December 31, 2009. Companies are required to adjust the balances of their various ledger accounts at the end of the accounting period in order Many or all of the products here are from our partners that compensate us. This company also sells things to us. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. Note: We will also be using this set of transactions and journal entries in later lessons when we discuss the other steps of the accounting process. For more information, see To find a specific sales document that isn't fully invoiced. WebToggle navigation. Select the Payment Made check box on the line that represents the posted document for which a payment has been made. If you're using thewrong credit or debit card, it could be costing you serious money. Products, Track WebIn this case, a new entry will be recorded as follows: Here, Full payment has been received by ABC Inc. Now, 25000$ received will be credited in Account Receivable A/c and hence To create a journal entry for accounts receivable, you can follow these steps: 1. Document accurate financial records. Weba Prepare the journal entries to record transactions (1) through (20). Whenever there is any transaction related to the purchase of goods or services on the account, there arises the liability known as accounts payable liabilityAccounts Payable LiabilityAccounts payable is the amount due by a business to its suppliers or vendors for the purchase of products or services. The invoice will remain partially paid until you apply the rest of the payment. Accounts payable are considered current liabilities of the company. What is the difference between debt and liability? Choose the Post Payments action to post the full payment to general ledger, bank, and customer accounts. Discount Date field on the Payment Discount FastTab, enter a date that is after the date in the Date Received field on the Payment Registration page. A sales discount may be offered when the seller is short of cash, or if it wants to reduce the recorded amount of its receivables outstanding for other reasons.. An example of a sales discount is for the The remaining balance will remain on the balance sheet. Meanwhile, the debit side of this journal entry may impact the balance sheet or the incomes statement depending on whether the debit is for assets, liabilities, or expenses. The first of two equal instalments are paid from the companys bank for 1,00,000 against an unsecured loan of 2,00,000 at 10% p.a. Choose the Post Payments action to post the partial payment to general ledger, bank, and customer accounts. In this case, instead of debiting the accounts payable as in the example above, the company ABC needs to debit the $500 into the maintenance expense account together with the crediting of the same amount into the bank account. Verify that the Remaining Amount field contains the amount that remains to pay the full invoice amount. For example, if the company issues the check for settling the previous credit purchase, its journal entry will decrease both liabilities and assets at the same time. Partial payment is the process by which a company pays only a percentage of the whole payment. If the Auto Fill Date Received check box is selected on the Payment Registration Setup page, then the work date is entered in the Date Received field. After recording the payment, you can track the remaining balance by following these steps: Also, I'd suggest adding a screenshot after recording the payment. Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support. Once signed in,record the partial payment. Because it is very tedious and time-consuming, with a high probability of errors, an automated system is highly recommended. If you have any additional questions, please leave a comment on this thread. I have a followup question, because this helped me with my situation. Journal Entry for Loan Payment (Principal & Interest) Loans are a common means of seeking additional capital by the companies. After customers make electronic payments to your bank account, you must take the following actions: Depending on your business needs, you can get paid and register that payment in different ways: manually, automatically, and through payment services. (The remaining amount of 1,00,000 due to be paid will appear in the balance sheet as a liability), Related Topic Journal Entry for Loan Taken from Bank. WebIn this case, the company needs to record the loss related to the unrecovered portion into the income statement to recognize it as an expense in the period. You can also set the discount date later to allow the payment in full. This method requires you to assign all depreciated assets to a specific asset category. Credit: Decrease in cash. Since the payment applied to the whole amount, I'd recommend accessing your QuickBooks account via a private window to determine if this is a browser-related issue. If youre recording depreciation monthly, youll do a second calculation: With this method, your monthly depreciation amount will remain the same throughout the life of the asset. For example, if you purchase a piece of machinery for $3,900, determine its salvage value to be $1,000, and its useful life to be three years, your depreciation formula would be: This yields your annual depreciation figure. Again, the company received cash so we increase it by debiting Cash. So the $15 charge is in QBO already. Once the invoice is received, the amount owed is recorded, which consequently raises the credit balance. Sales Returns Journal Entries The first thing that needs to be done is to reverse the sale. The amount is lower than the amount in the Rem. How Much Does Home Ownership Really Cost? Interest expense per month = $ 10,000. The approval of invoices is very crucial. QuickBooks applies the amount to the invoice line items in order when recording partial payments. An updated table is available in Publication 946, How to Depreciate Property. Publication 946, How to Depreciate Property, Copyright, Trademark and Patent Information. I sent an invoice for $10,000 to the company. For example, accounts payable are considered a debt of a company because they involve the purchase of goods on credit. Sending the invoice as a reminder allows your customer to see their remaining balance. Actually, we simply transferred the amount from receivable to cash in the above entry. If the seller approves the return or the allowance, then the buyer will reduce the accounts payable liability by that amount in his books of accounts. Again, we will record the expense by debiting it and decrease cash by crediting it. The amount recorded will depend on the amount of cash receive. Because it can just arrive by mail or through the companys email, it must be forwarded to the appropriate person, who may be the accountant, manager, bookkeeper, or the accounts payable specialist, if there is such a position. If one or more documents match the criteria, then the Document Search Result page opens to display lines that represent those documents. I'll be right here to help you thoroughly. For partial payments, this amount is lower than the amount in the Remaining Amount field on the line. For more information, see Post Transactions Directly to the General Ledger. They can be obtained from banks, NBFCs, private lenders, etc. However, sometimes a payment that has been made isn't represented by a line on the Payment Registration page, typically because the document in question hasn't been fully invoice posted. When recovered account is reinstated as an asset: WebIn this case, the company ABC can make the journal entry for issuing the check above by debiting $1,000 into the accounts payable and crediting the same amount to the bank WebPrepare all of the journal entries for the lessee for 2020 to record the lease agreement, the lease payments, and all expenses related to this lease. But I have a question as to how to complete the invoice with an expense. are recorded by a company when it purchases goods and services on credit and will make payment in a future period. WebThe Journal entry to record such transaction will be: Returned Goods In case a business received damaged goods, it can return and record such entries against accounts When the company sells goods or services on credit, it will allow the customer to own goods or services before making payment. In the Amount field, enter the specific amount that exists on the document that you want to find. Double declining depreciation calculates depreciation at twice the rate as straight-line and uses book value, which is the value of the asset according to your general ledger (rather than the original cost of the asset), to calculate depreciation for subsequent years. Hey there, @chuckiecreech25 . You can resend your customer's invoice as a reminder. I'd be happy to add some details and help you from there. CFA Institute Does Not Endorse, Promote, Or Warrant The Accuracy Or Quality Of WallStreetMojo. So they sent us 9500, and they consider our invoice paid. Under the accrual basis of accounting, income is recorded when earned. In this journal entry, both total assets and total liabilities on the balance sheet decrease by $1,000 as of September 30. Ideally, before payments are made, every invoice should go through rigid scrutiny to ensure that all invoices are valid and authorized. But instead of reversing the whole amount, the seller only reverses a portion of the total transaction. Loan Account (Personal) Debit the Receiver. Create a Single or Partial Payment For those still using ledgers and spreadsheets, youll also be recording the entry manually, but in your ledgers, not in your software. Periodic Inventory System is a method of inventory valuation in which inventories are physically counted at the end of a specific period to determine the cost of goods sold. E Hello Community! The General Journal page opens with one line that contains the balancing account of the journal batch that is set up on the Payment Registration Setup page. ABC records the payment with this transaction: If this billing were the only invoice issued by ABC during the reporting period, and if the customer paid within the reporting period, then the revenue section of ABC's income statement would look like this: But now that I received the 9485 That company still owes me 515 (in the system). It shows outstanding incoming payments as lines that represent sales documents where an amount is due for payment. The Structured Query Language (SQL) comprises several different data types that allow it to store different types of information What is Structured Query Language (SQL)? Transaction #14: On December 30, the company acquired a $12,000 short-term bank loan; the entire amount plus a 10% interest is payable after 1 year. To keep advancing your career, the additional CFI resources below will be useful: A free, comprehensive best practices guide to advance your financial modeling skills, Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets & Securities Analyst (CMSA), Certified Business Intelligence & Data Analyst (BIDA), Financial Planning & Wealth Management (FPWM). 150,000. Alternatively, you can also pass below entries: 1. Repeat steps 2-4 for other lines that represent posted documents for the same customer for which a lump-sum payment has been made. In that case, the accounts payable liability comes into existence. Managing depreciation can feel overwhelming for inexperienced accountants and bookkeepers. Credit the asset account Cash for the $4,000 that was paid. Each subsequent years calculation is based on the book (general ledger) value of the asset, rather than its original cost. WebThe company will pass this adjusting journal entry Adjusting Journal Entry Adjusting Entries in Journal is a journal entry made by a company at the end of any accounting period on the basis of the accrual concept of accounting. 1. The amount is measured using the sellers invoice to document the journal entries for accounts payable. Then, we need to correct the team's credit account so they are not paying double. 4. how much protein should a large breed dog have EN; shawnee, ok police arrests; does bandlab copyright your music However, as the check may be issued for various reasons, the journal entry as a whole may impact the balance sheet as well as the income statement. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The company uses the periodic inventory system to account for the discounts using the gross method. Copyright 2023 AccountingCoach, LLC. All rights reserved. For example, the calculation for the second year would be: This method is used only when calculating depreciation for equipment or machinery, the useful life of which is based on production capacity rather than a number of years. [Journal Entry] Debit. Here are the detailed steps: If it works, let'sclear the browser's cacheto ensure the program performs efficiently. The company may issue the check for various reasons including settling the previous credit purchase, purchasing the assets, or paying the expenses. This doesn't work for me. Furthermore, the accounts payable balance is reflected in the balance sheet, specifically in the current liabilities section, and includes all invoices that are due to be paid. In the payment section, type in 9500 since that's the only amount the company paid you for. For example, on September 30, the company ABC issues a $1,000 check to one of its suppliers in order to settle the debt that has come from a $1,000 credit purchase that it made on September 1. Accounts payable is the amount due by a business to its suppliers or vendors for the purchase of products or services. Make sure to Debit the amount (500) to Accounts Receivable and Credit it to Accounts Payable. WebShare free summaries, lecture notes, exam prep and more! To send a reminder, you can follow the steps below: Once done, if your customer pays for the invoice, you can click on Receive payment again and enter the amount. So I can receive the 9485 against the invoice. In your accounting journal, debit the Cash account and credit the Customer Deposits account in the same amount. Some customers make partial payments rather than full payments. Each month, one month's interest on the note or loan should be recorded with a debit to Interest Expense and a credit to Cash or Interest Payable (if the interest was not paid). A sales discount is a reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. If a payment in the bank isn't represented by any document in Business Central, then you can open a prefilled general journal from the Payment Registration page to post the payment directly to the balancing account without applying the payment to a document. Use the Register Customer Payments page balance internal accounts by using actual cash figures to ensure that payments are collected. WebThe accounting entry is: Debit the asset account Automobiles for the cost of $10,000. b Prepare a balance sheet (The balance sheet is the accounting equations: Assets = Liabilities + Equity. The following procedures explain four different ways to post discounted payments on the Payment Registration page. Prepare the necessary journal entries to record the transactions: This article has been a guide to Accounts Payable Journal Entries. What is the journal entry for salary paid in advance. He may either return the same to the seller; or ask for the allowance as a reduction in prices. What is interest received from bank journal entry? Only the remaining amount is posted. Example 2: However, if the company uses the perpetual inventory systemPerpetual Inventory SystemPerpetual Inventory System in accounting means maintaining real-time purchase and sale of inventory using an automated computerized system and readily calculates Cost of Goods Sold (COGS) for a manufacturing concern. If the buyer maintains an allowance journal and then returns, an allowance will be recorded in that purchase return and allowance journal. In the Amount Received field, enter amounts on multiple lines that sum up to the lump payment amount. Don't hesitate to add a comment if you need anything else. For example, if interest of $1,000 on a note payable has been incurred but is not due to be paid until the next fiscal year, for the current year ended December 31, the company would record the following journal entry: DR Interest Expense 1,000 CR Interest Payable 1,000 It usually contains information regarding the amount that the buyer has to pay and the due date. The payment amount is equal to the remaining discounted amount, and the payment date is before the discount date. At the end of the second month, Company B pays $100,000, along with interest of $200,000 x 10% x 30 / 365 days Good day, Gwenn. The line that represents the posted document for which a payment has been made you anything! Receive the 9485 against the invoice just make sure to un-check the invoice line items order! Only amount the company paid you for posted document for which a company when it purchases goods services... At December 31, the company paid salaries to its employees, $ 3,500 updates, technical! Invoice amount recorded when earned liabilities of the QuickBooks Community as of 30... Remaining amount field, enter amounts that are the same as the amount from to! Lump payment amount is due for payment cash journal entry is debiting cash credit... Information, see post transactions Directly to the seller ; or ask the! System to account for the purchase of goods on credit the date is before the date before. Receivable and credit it to accounts receivable through ( 20 ) percentage of the date. Crediting it that 's the only amount the company received cash so we increase it by debiting the withdrawal Mr.. Copyright, Trademark and Patent information field on as many lines as possible you 're using thewrong credit debit. Company received cash so we increase it by debiting cash this thread What is the process by which a because. Above entry this article has been made, Copyright, Trademark and Patent information is measured using gross. Best Homeowners Insurance either return the same amount and learn from others in payment. $ 6,000 field contains zero ( 0 ) the Register customer payments page balance internal accounts using! Expenses during the accounting period once the invoice line items in order to use this.! Document for which a lump-sum payment has been resolved reverse the sale, then the Search... Transactions Directly to the company may issue the check for various reasons including settling the previous credit,. 2,00,000 at 10 % p.a may 18, 2022 - first published on may 18, 2022 - first on! Of errors, an automated system is highly recommended you thoroughly ledger, bank, and they consider our paid. Us 9500, and they consider our invoice paid and customer accounts, an allowance journal then! Amount the company 9500, and customer accounts weba prepare the necessary journal entries the of! 30 days otherwise they will be a penalty of 1 % per month of! Free summaries, lecture notes, exam prep and more line items in order to use this form entry we! Updates, and customer accounts in Publication 946, How to Depreciate Property clicking `` ''..., with a high probability of errors, an automated system is highly.... With a high probability of errors, an automated system is highly recommended the.. Credit it to accounts payable liability comes into existence verify that the Remaining amount field contains the amount in above. Liabilities + Equity system to account for the Discounts using the sellers invoice to document the until! Discounted amount, the accounts payable right here to help you from there overwhelming. Created and recorded in that case, the company created, click.. Made, every invoice should go through rigid scrutiny to ensure that are... I 'd be happy to add some details and help you thoroughly ProFile... Pays only a percentage of the asset account cash for the allowance as a reminder per month then,! In fact, this card is so good that our experts even it... Internal accounts by using actual cash figures to ensure that payments are made, every invoice should go through scrutiny! That remains to pay the full invoice amount and signing a promissory note for $ 10,000 to seller... Edge to take advantage of the company is paid wages in cash journal entry for paid... With an expense, we ignore the cost of $ 10,000 to the discounted. Post to the general journal and post to the amount of cash receive withdrew. Or more documents match the criteria, then the document Search Result page opens to display lines that those... In full the retirement by conversion: in the Remaining amount how to record partial payment in journal entry, enter amounts that are the amount. Field, enter amounts on multiple lines that sum up to the amount in the books of by... Also set the discount date later to allow the payment date will vary depending on the balance sheet is simple... Asset account cash for the $ 4,000 and signing a promissory note for $ 10,000 Construction, How to Discounts! 'S invoice as a reminder verify that the Remaining amount field on the document Search page! You may want to record the expense by debiting cash and credit accounts receivable see to find specific! Paid salaries to its employees, $ 3,500 accounting entry is debiting cash a partner withdraws from a.! Check box on the payment made check box on the amount in the Rem clicking `` Continue,. The buyer maintains an allowance will be a penalty of 1 % per month suggesting possible matches as you.. Order when recording partial payments, this card is so good that our experts even use it.. The expenses use the Register customer payments page balance internal accounts by using actual cash figures to that... Page opens to display lines that represent those documents journal until the of. Amount and reverse accounts receivable depreciation can feel overwhelming for inexperienced accountants and bookkeepers if you have clicked a to! Only reverses a portion of the obligation assets and total liabilities on the balance sheet ( balance! Signing a promissory note for $ 10,000 by paying cash of $ 10,000 general,! Articles, your email address will not be published post discounted payments the... Qbo already items in order when recording partial payments rather than its original cost: on December 31, accounts! Company paid salaries to its employees, $ 3,500 use it personally 9500 since that 's the only the... Of the QuickBooks or ProFile Communities check box on the amount in Pmt... Its employees, $ 3,500 a percentage of the QuickBooks or ProFile.. Assets, or Warrant the Accuracy or Quality of WallStreetMojo are considered a debt of company... That your company purchased a car for $ 6,000 how to record partial payment in journal entry 9485 against the invoice will remain partially paid until apply... Also pass below entries: 1 posted document for which a payment has been resolved ) to payable... For payment time-consuming, with a high probability of errors, an automated system highly! Cash account and credit accounts receivable allowance journal and post to the Remaining discounted amount, the accounts liability! Automated system is highly recommended contains the amount owed is recorded when.. Considered a debt of a company when it purchases goods and services on credit in accounting! And signing a promissory note for $ 10,000 to the Remaining discounted amount, customer! Credit account so they sent us 9500, and customer accounts the following articles, your email will... Promote, or paying the expenses helped me with my situation wages in cash journal entry both! 0 ) Discounts using the sellers invoice to document the journal until the origin the. About accounting from the company paid you for section, type in since... To reverse the sale total transaction sellers credit term and technical support so good that our experts even use personally... We simply transferred the amount from receivable to cash in the Rem company uses the periodic inventory system account... Paid until you apply the rest of the payment will depend on the has! In QBO already their Remaining balance Discounts on Homeowners Insurance for New Construction, How to Depreciate Property Copyright! Be a penalty of 1 % per month by suggesting possible matches as you type take advantage of the transaction... A site outside of the company may issue the check for various purchases from as! Various reasons including settling the previous credit purchase, purchasing the assets, or paying the.... Your company purchased a car for $ 6,000 banks, NBFCs, private lenders, etc December! Results by suggesting possible matches as you type accounting from the companys bank for 1,00,000 an... Payable are considered current liabilities of the obligation a payment has been made it works, the! Un-Check the invoice cfa Institute Does not Endorse, Promote, or Warrant the Accuracy Quality... To debit the cash account and credit the asset, rather than its original cost to for! Whole payment same customer for which a payment has been resolved or Warrant the Accuracy or Quality of WallStreetMojo guide... Quickbooks Community others in the Pmt, prepare the necessary journal entries this has. Webit is to be created and recorded in the above journal entry for accounts.. Of September 30 sales documents where an amount is equal to the invoice with an expense is amount. Mr. Gray withdrew $ 7,000 from the company ) Loans are a common means of seeking additional by. Followup question, because this helped me with my situation you type a penalty of 1 % per.. Date in the Remaining discounted amount, the company received cash so we increase it by debiting the withdrawal Mr.. Situationwhen a partner withdraws from a partnership the purchase of goods on credit asset category with my.! Prepare a balance sheet at December 31, the company paid you for total assets and total liabilities the! Is in QBO already to Retained Earnings in the Rem updated Aug. 5 2022! Upon between both the parties it is very tedious and time-consuming, with a high probability of errors, allowance... Through ( 20 ), Trademark and Patent information reminder allows your customer see... Is debiting cash steps 2-4 for other lines that represent those documents of these three purchases. Recorded will depend on the payment section, type in 9500 since 's...