This should be recorded in the cash payment journal.
You record on the debit side an amount of 5000 that should be transferred to the general reserve account.
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.
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.
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.
This should be recorded in the cash payment journal.
You record on the debit side an amount of 5000 that should be transferred to the general reserve account.
The memo section of a check should include a brief description of the purpose of the payment, such as "rent payment" or "for services rendered." This helps the recipient identify the payment and ensures accurate record-keeping.
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.
Send credit card payments to:Washington Mutualc/o Payment EnclosedP.O. Box 660487Dallas, TX 75266-0487Remember to include your account number on your check
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.
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.
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.
When writing your account number on a check, include all the digits of your account number accurately to ensure the payment is processed correctly.
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.
My position would be to close the account but honor the payment as ordered and let the account pay out.
Your attorney would use the Discovery Process to subpoena the records necessary. The organizational papers for the association should be a public record.