Purchase with Cash Withdrawal

[Ken G.]

When I use my checking account debit card to buy

groceries and also get cash back, I use the following

method on a separate line instead of split transaction:

Transaction			Debit	Credit

Groceries (Expense)		19.95

Cash on Hand (Asset)		10.00

Checking Account (Asset)		29.95

Ken



On 08/18/2013 03:43 AM, Tom Balazs wrote:
> If I go to a store and using my credit card
> 1. Buy candy = $1 (gone)
> 2. Get cash back = $100 (moved from Liability to Cash in Wallet)
> 3. Service charge = $0.50 (gone)
> -------------------------------------
> Total = $101.50
>
> How do I enter that using split transactions.
> I began by going to Liability: Credit Card
> and
> spent $1 on candy
> the "Transfer to Cash in Wallet" got confused
> I guess the 0.50 is a bank fee / service fee but how do I do that?
>
> Tom
>