I recently traded in a transport truck on the purchase of a new one @ the cost of 142000.00 how do I enter into qb the trade when there was a full payout for the existing truck with the price deducted from the cost of the new truck? I have to loan 0 out but it still shows in my bs as fa
I only know basic accouting so am having a hard time with this and will probably need step by step and layman terms to follow
please help, this is a small business and I am the only "bookkeeper" with my corp tax return due.
tia