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Q: What account should i use to record payment for association dues?
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Where do you record a purchase of supplies on account?

This should be recorded in the cash payment journal.


How do i record in a journal entry an amount of 5000 should be transfered to the general reserve account?

You record on the debit side an amount of 5000 that should be transferred to the general reserve account.


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Stop-payment instructions are binding for 14 days. If its on telephone, the account holder must be asked to confirm his identity first and then it should be accepted.


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Send credit card payments to:Washington Mutualc/o Payment EnclosedP.O. Box 660487Dallas, TX 75266-0487Remember to include your account number on your check


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If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.


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The account entry that you should do for a car company, if it's an installment payment, is a debit. This means that you have paid the bill and you deducting it from your bank balance.


What needs to happen in account receivable when a customer pays their account?

When a customer pays their account, the account receivable department needs to put the amount of the payment into the computer. A receipt should also be sent to the customer.


What purchase of supplies on account is recorded in the?

The amount which is paid on account(credit) should be recorded in a liability account i believe while record the purchased supplies in the asset.


Should I close a joint credit card account when I am paying for it through court ordered partial support?

My position would be to close the account but honor the payment as ordered and let the account pay out.


If you proceed through courts against a condominium association where and how can you collect the legal data for that particular association?

Your attorney would use the Discovery Process to subpoena the records necessary. The organizational papers for the association should be a public record.


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A late payment made seven years ago should fall of your credit report as long as there was no other negative information reported on the same account after the fact.