And, credit your Sales Tax Payable account the amount of the sales tax collected. Take a look at the following journal entry: DateAccountNotesDebitCredit X/XX/XXXX Cash Collected sales tax 5,250 Sales Revenue 5,000 Sales Tax Payable 250 After remitting the sales tax of $250, create a ...
Accounting 302 - Assignment 1: Journal Entry Problem Set Lesson Transcript Instructors Jay Wagner View bio Doube-entry accounting ensures that the total amount of debits equals the total amount of credits. Learn the basics of how this accounting system is reflected in journals and ledgers through...
Basics of Images in WordPress When running a website, especiallymodern online magazines, dynamic news websites or vivid blogs, it is all about visual context. While writing much text in an informative article, blog post or a journal entry it usually is a great idea to add some pictures to ...
The journal is the first point of entry for all transactions.Journal entriesare transferred to the general ledger when they’re posted to an account, such as accounts receivable. Journal entries are easier to keep track of when organized. Freeaccounting templatescan help you keep your journal ent...
In this case, we have created a compound index where the first entry is the value of the city field, the second is the value of the age field, and the third is the person.name. All the fields here are defined in ascending order. ...
摘要: Food for Thought: Hello! I'm Right Here – Why Can't You See Me?PrivilegeFood for Thought: Your Own Invisible Knapsack of PrivilegeDiscriminationJournal Entry: Don't Judge a Book by Its CoverSocial ResponsibilityJournal Entry: Social Responsibility and Motivations关键词:...
Accounting for small business entails the systematic recording of transactions and interpreting the data for analysis.
-Summarize the double entry accounting method -Explain the ethical and social responsibilities of bookkeepers in ensuring the integrity of financial information. Course 1 of 4 in theIntuit Bookkeeping Professional Certificate. What You Will Learn ...
Other common payment terms include Net 45, Net 60, and 30 days end of month. Bookkeeping Account receivables are classified as current assets assuming that they are due within one year. To record a journal entry for a sale on account, one must debit a receivable and credit a revenue ...
Double Entry Accounting Business Events General Journal Trial Balance Shaun Conrad, CPA Accounting & CPA Exam Expert Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse....