Question

Double entry for
D Watson lent us $1000 paying us the money by cheque

Answer 1

Answer:

Explanation:

We received a cheque and if deposited in the same day with the Bank

Bank account Debit

To Loans and Advances: D Watson     $1000

Answer 2

Answer:

Bank A/C Dr. $1,000

To D Watson A/C $1,000