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5A customer has their AR Customer Invoice receipts process by a third party. In the process of collecting for an Invoice, the third party company pays some direct expenses related to a customer invoice amount and forwards a remaing balance of the amount collected less the expenses they paid out. The dat looks like this:
Customer A Invoice Amount $1000.00. Third party collects the $1000.00 from Customer A, and disburses related Misc and freight payments of $100.00 and $300.00. Third party sends $600.00 to our operatimg account.
On our books, we have a Receivable Customer A of $1000.00. When we receive the cash, we need the following entry:
DR CR
Cash $600.00
A/R $1000.00
Misc $100.00
Freight $300.00
How can I record this Cash receipt in BC
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