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What else can I help you with?
Does a reversing entry reverse an adjusting entry or a transaction entry?
Reversing entry can be make to reverse any entry whether it is actual transaction entry or any adjusting entry.
What is the Utility expenses incurred but not paid adjusting entry?
This is adjusting entry for Accrued Expenses in the current accounting period, where you debit adjusting entry on expenses (Utility Expenses) account and credit adjusting entry on liabilities (Utilities Payable) account.
If an adjusting entry is not made for an accrued expense?
If adjusting entry not made then profit will be overstated while the expenses will be understated.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
Journalize entry - Repairs to building 200 Dollars?
building repairs a\c dr 200 To cash a\c 200
How do you journalize Made an entry to adjust for the expired portion of the insurance premium?
Can you please make your question easier to understand? Thanks :)
What are the types of journal entry?
1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry
To make an adjusting entry for the accrued commission is what?
Adjusting entry as follows: [Debit] Cash / bank [Credit] Accrued commission
How do you journalize a payment in kind journal entry?
issued check for newspaper advertising for $200
Which one of the accounts below would likely be included in an accrual adjusting entry?
Unearned rent would likely be included in an accrual adjusting entry.
Purchased merchandise from Philips co for 1900 of merchandise returned from purchase on July 4th journalize the entry?
debit merchandise 1900credit philips 1900
An adjusting entry should never include?
CASH!
