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PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 4105
Experience:  Tax professional and business consultant for 35 years.
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I needed to create a journal entry to credit customers

Customer Question

I needed to create a journal entry to credit customers account for advertising contribution of $400 and price markdown (sales discount ) $100....how do I do it ?
Submitted: 1 year ago.
Category: Finance
Expert:  PDtax replied 1 year ago.

Hi from Just Answer. I'm PDtax, and will assist.

Let's say you sell an item for $5,000 cash, and want to adjust for those items:

Expert:  PDtax replied 1 year ago.

debit Cash 4500

debit sales discounts 100

debit advertising expense 400

credit sales 5000

Expert:  PDtax replied 1 year ago.

Please advise if this is the transaction you have in mind, or have other questions. Positive feedback is appreciated when we are finished. I'm PDtax.

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