5 SIMPLE STATEMENTS ABOUT CASH LOAN NO CREDIT EXPLAINED

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This big difference is really a loss and can be recorded in the Compensated-in Funds from Treasury Stock account if there is a harmony available to take up the loss.## Step four: File the journal entry### The journal entry to file the sale of treasury inventory is as follows:- Debit Cash for the amount obtained: $180.- Debit Compensated-in Funds fr