When a business receives an invoice for goods or services they have received, but not yet paid, that balance is recorded in accounts payable. Accounts payable can also include a business credit card that is used and then paid off to facilitate transactions....
Capital ——7.The company purchases a significant amount of supplies on credit.Account Debit Credit Supplies ——Accounts payable ——8. The company purchases land by paying half in cash and signing a note payable for the other half.Account Debit Credit Lands ——Note payable ——Cash ——C ...
If the federal tax withheld equals $6,200 and the state income tax withholding is $2,800, credit the "Federal Income Tax Payable" account for $6,200 and credit "State Income Tax Payable" for $2,800. Credit the FICA Payable account for the total of the Medicare and Social Security ...
What is included in a payroll journal? The payroll journal will serve as a record for the payroll process. It has all payroll-related journal entries. The payroll journal will show payroll-related accounts such as gross wage expense and federal income tax payable.What...
Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or visitthe webmaster's page for free fun content. Link to this page: Facebook Twitter Complete English Grammar Rules is now available in paperback and eBook formats. ...
distribute cheques for the reimbursement of incometaxtoUnited Statestax-paying staff members assigned to field operations; [...] daccess-ods.un.org daccess-ods.un.org 此外,财务处将继续管理维和资金的投资及资金流动;每月给外地行动汇款;向
Synonyms for accounting entry nouna written record of a commercial transaction Synonyms ledger entry entry Related Words adjusting entry credit entry credit debit debit entry accounting system method of accounting accounting Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton Univers...
Credit:profitfortheyear:financialexpense 3.Operatingexpenses Profitfromthisyear:operatingexpenses Eightquarterincometax 1,extractiontime Incometaxcredit:taxpayable-incometax 2,carryoverincometax Profitfromthisyear:incometax 3,turnoverincometax Taxpayable:incometaxcredit:bankdepositorcash ...
C. Income Summary, Interest Receivable, Notes Payable D. Capital, Cash, Unearned Revenue3. Which of the following statements is true?A. The operating cycle is the time required to acquire goods and services, sell the goods and services, and collect the cash ...
· Income Line item table· Expense Line item table· Tax Payable Line item table· Accounts Receivable Line item table· Accounts Payable Line item table(Note: for a full list of and description of all the line item tables in JE, see: Journal Entry Line item tables) ...