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Status Answered
Created by AgExpert Support
Created on Jan 25, 2023

Disqus Agexpert Accounting Questions Archive

We have purchased a capital asset and split it between the bank account and a visa card. How do I record this entry?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Laurel! There's no way to do one transaction with with multiple payment sources, so you will need to do two transactions. The first would be a Withdrawal from the first payment source for however much came from it, and then add one line: A+ (Asset purchase) and select your Prepaid Items account. Recording this transaction puts it into a temporary location to use with the second transaction. For the second transaction, do a Withdrawal from the second payment source. For your first line, use A- (Asset sale) and again select Prepaid Items and enter the $ amount from the first transaction. From there you can continue the transaction as usual.

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