Do tolls go on Retained Earnings?
I have an EZ Pass and pay the tolls and turn in the sheet with all the charges on it and am reimbursed on my settlement. Does this go in the Retained Earnings section and do I also have to enter them into the expenses as well or just the settlement side? If I have tolls that I am not reimbursed I assume they would then go into just the expenses side. Sorry for all the questions, this should be it that I can think of for a while, I hope.
Is this a good question?