When do you make an accounts payable journal entry? An accounts payable journal entry is made any time your accounts payable balance changes. The most common examples of this are when an invoice is received (balance increases) and when an invoice is paid (balance decreases). You also need to...
Answer and Explanation:1 The four parts of a journal entry are Date, Debit, Credit, and Source Documents. These are explained below: - 1. Date It means the date on which the... Learn more about this topic: Journal Entries & Trial Balance | Differences & Examples ...
Discover the meaning of a journal entry and a trial balance, types of journal entries, how a general ledger differs from a trial balance, and some examples. Related to this Question Give the journal entry for recording cash sales of $5,000. Which account is debited ...
[Journal entry to record transaction 1] Debit Credit Cash 120 Sales 120 Examples of Journal Entries Transaction 2: Company A purchased supplies and paid $50 in cash. Steps Self-Questions Answers 1 What did Company A receive?Supplies.
None of the answers are correct Debit petty cash, credit cash Worksheet PrintWorksheet 1. Which of the following journal entries replenishes a petty cash fund? Credit petty cash, debit cash None of the answers are correct Debit petty cash and cash ...
BIRTHDAY ENTRY June 9, 2022 Today is my birthday, and I am thinking about the people I am grateful to. When I was a kid, I had a proper estimation of the individual vision, discipline, and resilience it takes to create something meaningful and lasting. My outlook was similar to what He...
A basic insurance journal entry is Debit: Insurance Expense, Credit: Bank for payments to an insurance company for business insurance. Not all insurance payments (premiums) are deductible* business expenses. Some insurance payments can go on to the Profit and Loss Report and some must go on ...
In both examples we'll first work out how the transaction affects the accounting equation and which exact accounts are affected, and then we'll use this information to figure out the full debit and credit entry.Be sure to check your understanding of this lesson and the accounts payable journa...
Question: Write a journal entry from the point ofview of a mitochondria. Include theglycolysis, Krebs cycle and the ETC, thereactants/products of each, the locationof each and the purpose of cellular Write a journal entry from the point ofview...
As a result, you're able to use the items and can change the code anytime that associate with this. Then, to delete the journal entry, you'll have to open this transaction from the report and choose the Delete icon. You can refer to this article to see differen...