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Anonymous
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How do you record redeemed cash rewards on a credit card that are made payable in a check to the owner?

 
1 Comment 1
Regina_Lend_A_Hand_Accounting
Level 9

How do you record redeemed cash rewards on a credit card that are made payable in a check to the owner?

It is a credit to the expense account you use for credit card, merchant or bank fees.

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