• Year End Adjustments - Corrections to A/P or A/R

    My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts:

    Here is a sample:

    31/12/14 Accounts Receivable XYZ Inc - Account No. 1205  - Debit - 7592.20

    31/12/14 Accounts Payable                    - Account…

  • Help please!

    I am entering all the payable and receivables for a ltd company for 2014. 

    The owner used a credit card for personal and business expenses and used the business bank account to pay for the credit card bill. How do I record the personal expenses so the…