Added: 3 years ago
From: tripkey
Views: 5,682
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  • Should I post my losses in General Journal? Sample of the transaction below; sold item at amazon.com

    sale price $32.99

    amazon fee 39.99

    amazon commission fee 5.00

    loss income of $12.00 this amount was charged with my credit card.

    I posted in General Journal like this;

    Amazon fees debit $44.99

    Account Receivable credit $32.99

    Account Payable credit $12.00

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