I sold a vehicle from inventory. I posted Sales, debit bank $1600, credit sales $1600, Debit Cof G $17135.41 and credited Inventory equipment $17135.41 All is Good.
NOW here is where I have trouble. I want to enter the purchase of the same vehicle and pay the buyer $2455 for the vehicle. I know that I must redit the Bank $2455.. How do I post the remaining entries?
NOW here is where I have trouble. I want to enter the purchase of the same vehicle and pay the buyer $2455 for the vehicle. I know that I must redit the Bank $2455.. How do I post the remaining entries?