1. Record uncollectible account expense Dr Uncollectible-account expense Cr Allowance for uncollectible Accounts 2. Write off uncollectible accounts Dr Allowance for Uncollectible Accounts Cr Accounts Receivable – Customer A Cr Accounts Receivable – Customer B 3. Recovery: I. Reinstate the AR: Dr Acc...
Debit the "Amortization Expense" account and credit the intangible asset's account for this amount to make the journal entry for amortization expense at the end of a fiscal year. Journalizing Indefinite Life Intangibles 1. Calculate Total Acquisition Cost Calculate the amount for which you ...
aThe information needed for the journal entry can be found on the amortization table. The payment amount, the interest expense, and the amount to debit to principal are all on the table. 为分录记录需要的信息在分期偿还债务表可以被发现。 付款数额、利息费用和数额到借方对校长全部在桌。 [translate...
In fact, QBO help suggests, "To handle the amortization of intangible assets, you can create a journal entry to deplete it." The monthly expense of that asset is from a journal entry, and I still want to be able to see which vendor the expense was relat...
(Prepaid expenses are recorded using Vendors > Expense and matched to appropriate bank transaction but the amortization of prepaid expense is made through a journal entry because if I amortize it using expense, there is no bank transaction to match it to)2. Accrual of salaries or other exp...
Depreciation would be entered as a debit in the depreciation expense ledger and as a credit in the accumulated appreciation account. There can be more than one kind of journal entry: Adjusting entriesare made at the end of an accounting period to record transactions that were not recognized duri...
You must click Create Journal Entries to create an entry for each segment or page of schedules. Clear the Select Individual Schedules box to create one or more journal entries. The number of amortization schedules and expense amortization plans previewed is limited to 100. After you have filtered...
The figures from the above examples are based on the figures in theLoan Amortizationimage in the next section about loan interest. loan interest payable journal entry Adding interest to the loan account Debit: Loan Interest(expenseaccount)Credit: Loan(liability account) ...
More advanced journal entry technology can automatically create journal entries using data that flows in from other systems. For example, depreciation expense journal entries can auto-post using data from an integrated fixed asset management system. Journal entry automation software can also accept extern...
参考答案:对 3.判断题The amortization of a premium on bonds payable decreases bond interest expense.() 参考答案:对 4.判断题If ending inventory for the year is understated, net income for the year is overstated.() 参考答案:错 5.判断题Consuming goods and services in the process of generating...