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How do I record this transaction on quickbooks? Ordered two Ceiling Boom Wash Systems from Ultimate Washer; each includes a Ceiling Boom, Wand, and Accessories;
How do I record this transaction on quickbooks?
Ordered two Ceiling Boom Wash Systems from Ultimate Washer; each includes a Ceiling Boom, Wand, and Accessories; wrote check number 10029 for $3,300. Equipment has a three-year expected life; will be installed the week of December 28. (Create a Fixed Asset account: Equipment.)
I have already created a purchase order form and recorded the purchase order transaction for buying the equipment from the vendor as:
Equipment 3300
Cash 3300
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