Have a Finance Question? Ask a Financial Expert Online.
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:
debit Cash 4500
debit sales discounts 100
debit advertising expense 400
credit sales 5000
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.