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Debit bank account
Credit retained earnings
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Journal entry to write off old outstanding checks?
Debit bankCredit retained earnings
What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
What is Outstanding expenses journal entry?
Debit outstanding expensesCredit expenses payable
How do you journal entry of payroll?
Debit payrollCredit cash / bank
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
What is the Journal entry for outstanding rent paid?
outstanding rent
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
What would a journal entry to record the payroll include?
debit payroll expensescredit cash / bank
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
What is journal entry of outstanding expenses?
Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.
How do you do journal entry of returned checks?
debit dishonored chequecredit accounts payable
