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debit cash
credit notes payable
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∙ 9y ago
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What the journal entry to record a note payable?
debit Cashcredit notes payable
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
Is salary payable a asset or liability?
The key word is "payable". This makes salary payable a liability until it is fully paid. There are two entries for a Salary Payable, the original Journal Entry to record when the payable occurs and the Adjusting Entry to record when the balance is paid. Entry to record: Salary Expense (debit) $$$ Salary Payable (credit) $$$ Entry to pay: Salary Payable (debit) $$$ Cash (credit) $$$ yes
Which Journal entry is used to record equipment purchased on account?
debit equipmentcredit accounts payable
How do you record journal entry for purchases?
debit purchases / goodscredit cash / bank / accounts payable
How you record accounts payable settlement in journal entry?
debit accounts payableCredit cash / bank
What is the journal entry to record interest expense not yet paid?
debit interest expensescredit interest payable
What is the journal entry to record unpaid bonuses to officers?
debit bonus expensecredit unpaid bonus payable
What is the journal entry to record an accrued exp?
debit: expense account credit: account payable (vendor)
WHAT is the journal entry to record yearly accrued insurance exp?
debit accrued insurance expensecredit insurance payable
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
What is The journal entry to record the purchase of inventory included a debit to?
[Debit] Purchases [Credit] Cash / bank / accounts payable
