The expense account represents the people you give money to. For example you will find below your transaction and how it affects credit and debit accounts:
My checking account starting balance: $300.00
Telephone balance starting balance: 0
| Date |
Origin Account |
Target account |
Amount
|
|
|
| 08/31/2003 |
My checking account |
Telephone |
150.00
|
My checking account ending balance: $150.00
Telephone balance ending balance: $150.00
