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Debit rent expense
Credit cash / bank
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∙ 9y ago
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The rental revenue represents the amount received for 11 months for use of the dining facilities The December rent has not yet been paid What is the adjusting journal entry?
Rent Dr Rent Accrued Cr (for the Dec month)
Why use journal entry?
Journal entry is the first step in accounting process and it is used to record the business transections and without recording journal entry it is not possible to generate any kind of report as well as preparation of income statement or balance sheet.
What is the journal entry office use?
[debit] office use expenses[credit] cash
What journal entry is made in a job order costing system when 8000 of material are requisitioned for general factory use instead of for use in a particular job?
The journal entry isManufacture Overhead 8000Raw Materials 8000
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
How do I use a rent calculator for my finances?
To use a rent calculator properly, you need to input your monthly salary and expenses along with the information on what you can pay for rent. That way you will know.
How to create a journal entry in SAP?
To create a journal entry in SAP, you can use transaction code FB50 (for general journal entries) or FB01 (for posting with reference). You'll need to enter the necessary details such as the posting date, account numbers, amounts, and a reference document number. Once you have completed the entries, you can save the journal entry.
What is journal entry for drew cash for personal use?
debit drawingscredit cash / bank
What is the past tense of journal?
Just the word "journal" is a noun, and therefore doesn't have a tense. Journal has come into use as a verb but it has not made it into the dictionary as a verb. I recommend the phrase 'made a journal entry' or 'wrote a journal' if you want to be correct.
What journal entry do you use for a sale when a credit card is used?
Debit bankCredit sales revenue
What is the journal entry when the owner withdraw equipment for personal use?
debit drawingscredit office equipment
What is the journal entry for computer purchased for office use?
debit computer accountcredit cash / bank
