Accountig lesson 13 Part 3

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Paid Shelby the amount owed

Prepare the necessary general journal entry for June 25

Oct 1st, 2015

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When we paid the amount to shelby the balance of bank/cash is decrease and the payable account (shebly) is also decrease.

Shelby account(dr)                                         xxx

to Bank/cash account(Cr)                     xxx

Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 1st, 2015

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