0
Adjustment of accrued expenses means to adjust the previously recorded accruals like prepaid expenses or outstanding liabilities etc.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
What is the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
What is the journal entry to set up an accrued expense?
Debit accrued expensesCredit expenses payable
What is the journal entry to reverse an accrued expense?
Payable Account XXX Expense Account XXX
What is the journal entry for accrued expense?
basic salary 21967 / salary of September
Journal entry to record an accrued vacation expense?
Though I have never heard the term "accrued vacation expense" nor have I ever heard of a "vacation" being a business expense, however, the journal entry would be handled like most "payables". So if your company uses the account of Accrued Vacation Expense, the journal entry should be something like....Vacation Expense (debit) $XXXAccrued Vacation Expense (credit) $XXXOnce the amount is paid, a debit would be recorded in the Accrued Vacation Expense account and a credit to Cash, to remove it from the books and note that the debt (or expense) has been met.
What is the journal entries for paying employee salary?
Salary expense
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
What should be the journal entry for cash due but not paid?
debit accrued expensescredit expense payable
What is the journal entry for accrued use tax?
debit taxes expense and credit taxes payable
What is the journal entry to record an accrued exp?
debit: expense account credit: account payable (vendor)
What are the accounting journal entries to record an overcharged cost that was posted to an expense purchase to Accounts Payable and was paid at a later date?
general journal
