The following transactions will be generated for the example above:
|
1 |
Enter Van Line Revenue and Accounts Receivable |
|
|
1a |
Enter Anticipated Chargeback from Van line | |
|
2 |
Enter Customer Receivable |
|
|
3 |
Enter Payment from Van line |
|
|
3a |
Enter Chargeback from Van line |
|
|
4 |
Enter Cash Payment from Customer | |
|
Accounts Receivable |
|
Van Line Rebill Chargeback Clearing Account | ||
|
2) 10,000 |
4) 10,000 |
|
1a) 10,000 |
2) 10,000 |
|
Van Line Revenue |
|
Van Line Receivable | ||
|
|
1) 1,500 |
|
1) 1,500 |
1a) 10,000 |
|
|
|
|
3a) 10,000 |
3) 1,500 |
|
Van Line Clearing Account |
|
Cash Account | ||
|
3) 1,500 |
3a) 10,000 |
|
4) 10,000 |
|