confusion about lending money

[lee]

On Monday 04 November 2002 05:12, lee wrote:
> Shouldn't Rod have a negative balance since he is in the hole $2o.oo to y=
ou
> ? Create a special acct. to track the difference between what he pays, and
> what he owes perhaps ?
>
> Lee
>
> On Monday 04 November 2002 03:50, chris wrote:
> > hi. i have started using gnucash recently and i really like it. however
> > i have some transactions i would like to enter but i am not sure how to
> > do so.
> >
> > i hold the lease on my apt and my roommate bob (names and figures are
> > made up) pays me half the rent. rent is 600. rod was short this month so
> > i spotted him 20. i would like to keep track of how much he owes me
> > because the amount he really owes is alot to me.
> >
> > so i was wondering
> >
> > how do i enter in the initial transaction?
> > how do i settle the accts if he pays me?
> > how do i settle the accts if i force him to pay a bigger share of the
> > cable/internet bill to even things out?
> > how do i settle the accts if he doesnt pay me and i cant make him pay a
> > bigger share of the cable/internet bill?
> >
> > if i am not mistaken the money rod owes me is an acct receivable and is
> > an asset. i am pretty sure that a/r rod is supposed to have a positive
> > balance and that cash gets credited.
> >
> > 		db	cr
> > rent		600
> > cash			300
> > money from rod		280
> > cash			20	money lent to rod
> > a/r rod		20		a/r rod has positive balance now
> > ???			20
> >
> > this looks mostly right but its imbalanced. there is something i need to
> > do but what?
> >
> > payment
> > 		db	cr
> > money from rod		20
> > cash		20		cash is increased
> > a/r rod			20	should be made zero
> > ???		20		imbalance. whats wrong?
> >
> > if i consider ??? an account everything balances :)
> >
> > force him to pay a bigger share of the cable/internet bill
> >
> > 		db	cr
> > cable/internet	25		this is what i wish i was paying :)
> > cash			5
> > a/r rod			20
> >
> > i think i have this right
> >
> > write it off
> > 		db	cr
> > money lost	20		*sniff* goodbye :(
> > a/r rod			20
> >
> > i think i have this right too.
> >
> > help me please :)
> > cmoline
> >
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