PatriciaP128
Level 2

Transferring Funds via JE

I need help as Im not the best with journal entries...

 

 In February, we moved the Capital Campaign funds of $amount from our checking account into our money market account. I created a journal entry for this on 02/19/2025 but yet the Temp Restricted Net Assets Capital Campaign account is still showing the $amount in there. 

 

My journal entry has debited money market for $amount and credited our checking account for this $amount.

 

Please advise.