8. Journal Entry for Expenses Paid in Cash When we have anexpenseand pay thisimmediately, we record the following: Click here for thefull lesson on Cash Expenses. 9. Journal Entry for Accounts Payable In this transaction we have an expense but we don't pay it straight away. The expense ...
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.
Dr:Inventory/Expenses 300 (看是存货还是一般的日常用品)Cr:Accounts Payable 300c)correcting entry(调整分录)Dr:Inventory/Expenses 300Cr:Equipment 3002. 这题是说公司付了红利一共1300,但是会计记成了借:应收账款,贷:银行存款,而且还记错了金额.a)incorrect entry (错误的分录)Dr:Accounts Receivable 130Cr...
In this lesson we're going to cover the previous expenses example for our sample business,George's Catering, and we'll learn the full debit and credit cash expense journal entry. Be sure to check your understanding of this journal entry and lesson by taking the quiz in theTest Yourself! s...
The journal entry must record the utility expense and the increase in the accrued expenses current liability account. We cannot record the liability...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question ...
a. The loan journal entry inbest bootsis: Debit:Designer Doors Loan Receivable(asset * account)Credit: Bank(assetaccount) *This loan entry goes to assets because cash is expected to be received into the bank. Intercompany Loan Journal Entry for Expenses - Best Boots ...
Payroll accounting is the process of tracking all payroll-related expenses via journal entries. An example of payroll accounting would include a debit to the salary expense account and a debit to the payroll checking account. What is the double entry for payroll? Each payroll transaction requires ...
10 Steps for Preparing a Journal Entry Identify the Transaction: Determine the transaction that needs to be recorded. Transactions can include sales, purchases, expenses, interest payments, or any financial activity that impacts the business.
An adjusting journal entry occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
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...