A journal entry to recognize an expense must include ___ A. a credit to Accounts Payable account. B. a debit to an Expense account. C. a credit to Cash account. D. a debit to Accounts Payable account. 相关知识点: 试题来源: 解析 B 反馈...
In the case of payroll expenses, the wages expense, these accounts are debited, and the cash account is credited. Journal Entry for Accrued Expense: In this case, the applicable expense is debited, and accrued expense is credited.
Q: Prepare the journal entry for the following transaction: Paid rent $200. A: The rent expense journal entry is not too complicated: DR: …
For example, prior to issuing the company’s financial statements there will be an adjusting entry to record depreciation. This journal entry will debit Depreciation Expense and will credit Accumulated Depreciation. Another example of a general journal entry is the adjusting entry to accrue interest ...
1.购买的东西是supplies不是Equipment，所以不应该进固定资产，具体这里指的supplies可能应该是存货类的东西吧，如果是日用品的话可以直接进expense a)incorrect entry （错误的分录）Dr:Equipment $300 Cr:Accounts Payable $300 b)correct entry（正确的分录）Dr:Inventory/Expenses $300 (看是存货还是...
Since the firm is set to release its year-end financial statements in January, an adjusting entry is needed to reflect theaccrued interestexpense for December. To accurately report the company’s operations and profitability, the accrued interest expense must be recorded on the December income state...
The Journal Entry module supports:· Master data requirements· Manual entry of journal entries (manual processes support the entry of accounting entries by an assigned group (batch)). Controls, edits and validations are used to check the manual entry processes in JE. JE allows for the manual ...
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...
How can I modify the 2023 Journal Entries for this contractor so that all payments show up in the Contractor record. The payments all track properly to the Expense Category (by way of the Journal Entry data fields) so why can't the Contractor Name be ...
might start on December 24th and end on January 7th. So employees work one week in December, but they aren’t paid until the following year. The amount of payroll in December should be recorded in December with an accrued expense journal entry and accounted for on that year’s income ...