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03/06/09 11:45am PST
Viewed by asker 03/07/09 12:50pm PST
Viewed by asker 03/07/09 12:50pm PST
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The solution
If you are tracking mileage expense, and if it is "material" in amount to your financials (if not, why track it) then you would post the amount you paid personally in a journal entry, debit to automobile expense and credit to Owner's Equity.
Please mark this answer as solved or post additional questions. Thanks so much!!!
Laura Madeira
Author of "QuickBooks 2009 Solutions Guide for Business Owners and Accountants"
National Trainer for Intuit Accountant Trainer/Writer Network
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