Paying for friends dinner and getting money back in cash
So I paid for dinner ($50) for me and a friend using my credit card. My friend then paid me back the money in cash the next day ($25). I entered the expense of $50 under my credit card and then receivable of $25 under cash. Until now it's all good but here is my question - I categorized this transaction of $50 under 'Dining Out' expenses but actually it should only be $25 since my friend paid me back his share. I want my dining out expenses to be accurate and not show overspend. I do this quite often as I like to rack up points on my credit card and my friends don't mind paying me back in cash. What is the recommended way of organising such transactions?