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cial journal
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Cash loaned to the company by a shareholder would be posted to the what Journal before being posted to the General Ledger.?
Cash
Does a increase in salaries payable decrease cash?
Increase in salaries payable increases the cash account as cash is not paid and due to non payment of cash, cash account showing more balance then it would be if salaries paid already.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
The journal entry to record the payment of a monthly utility bill would include?
A debit to capital and and a credit tocash
Paid 11520 for six months insurance premium what will be the journal entry?
debit prepaid insurance 11520credit cash 11520Debit Insurance Expense 1,920 Debit Prepaid Expenses 9,600 Credit Cash 11,520 This assumes the payment is made in the first month of coverage. If the payment is made before the coverage begins, the entire amount would be posted to Prepaid Expenses. If the payment was made after the coverage began (for example, in the second month of coverage), you would post the remaining number of months times 1,920 to Prepaid and the balance to Insurance Expense.
Cash loaned to the company by a shareholder would be posted to the what Journal before being posted to the General Ledger.?
Cash
What would be the journal entry of payment?
Debit expense or accounts payableCredit cash / bank
Which journal entry records payment for supplies?
The journal entry to record payment for supplies would involve crediting the cash account and debiting the supplies expense account.
Does a increase in salaries payable decrease cash?
Increase in salaries payable increases the cash account as cash is not paid and due to non payment of cash, cash account showing more balance then it would be if salaries paid already.
How quickly will a payment post to your credit card account when you use visa online bill payment options?
a payment will post immediately to your account as long as it was posted before Friday at midnight. if you posted on Saturday it would take until monday morning to post to the account.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
What would the journal entry be for payment received for goods previously sold on credit?
debit cash / bankcredit accounts receivable
What is Personal Emolument?
Personal Emolument is the payment of pensions, allowances, gratuities and salaries to those who work with the government. This position would be civil servants and government officials.
How much payment get for director of company?
The payment you would get for being the director of a company would vary from each company. While many companies can afford to pay large salaries, other smaller companies cannot. The director of a company would be paid fairly based upon the income the company has.
The journal entry to record the payment of a monthly utility bill would include?
A debit to capital and and a credit tocash
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
Paid 11520 for six months insurance premium what will be the journal entry?
debit prepaid insurance 11520credit cash 11520Debit Insurance Expense 1,920 Debit Prepaid Expenses 9,600 Credit Cash 11,520 This assumes the payment is made in the first month of coverage. If the payment is made before the coverage begins, the entire amount would be posted to Prepaid Expenses. If the payment was made after the coverage began (for example, in the second month of coverage), you would post the remaining number of months times 1,920 to Prepaid and the balance to Insurance Expense.
