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 relate...
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【单选题】The journal entry to record accrued interest on a short-term note payable must include a debit to: A. Interest Payable and a credit to Cash. B. Interest Expense and a credit to Cash. C. Interest Expense and a credit to Interest Payable. D. Interest Payable and a c...
Willow Rentals purchased office supplies on credit. The general journal entry made by Willow Rentals will include a: A.Debit to Accounts Receivable.B.Credit to Accounts Payable.C.Credit to Willow, Capital.D.Debit to Accounts Payable.E.Credit to Cash....
For more details about the process, see this article: Connect bank and credit card accounts to QuickBooks Self-Employed. It also contains information on how to connect a bank account using an iPhone/iPad (iOS) or tablet with Android. Once done, you're now ready to categorise your transacti...
【单选题】The journal entry to record accrued interest on a short-term note payable must include a debit to: A. Interest Payable and a credit to Cash. B. Interest Expense and a credit to Cash. C. Interest Expense and a credit to Interest Payable. D. Interest Payable and a cr...
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Any purchases made with credit can be referred to as “purchased on account.” A business that owes another entity for goods or services rendered will record the total amount as a credit entry to increase accounts payable. The outstanding balance remains until cash is paid, in full, to the ...
When a company makes a sale, it is reflected as a credit journal entry. This is added to the revenue account. What Is the Formula for Revenue? Generally speaking, the formula for revenue is as follows: Revenue = Number of units sold x sales price ...