Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
debit interest in kindcredit notes payable
general journal
debit land accountcredit notes payable
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
Debit:Partners Capital Credit: Accounts Payable
Debit FICA Tax payable Credit Cash / bank
debit interest in kindcredit notes payable
general journal
Debit Interest Expense and Credit Bond Payable.
debit land accountcredit notes payable
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
[Debit] Purchases xxxx [Credit] Cash / bank xxxx [Credit] Accounts payable xxxx (if purchased on credit)
rent payable a/c d/r to cash or bank a/c
debit equipmentcredit accounts payable
debit cash / bankcredit notes payable