By way of example, the application transfers the $one hundred you must borrow for your examining account, and Once your following paycheck comes, the application normally takes $a hundred directly from it to go over the cost. There might be cases where you will need cash within an unexpected emer

This difference is really a reduction and will be recorded from the Paid-in Capital from Treasury Inventory account when there is a balance accessible to soak up the loss.## Step 4: Document the journal entry### The journal entry to document the sale of treasury inventory is as follows:- Debit Cash