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[Debit] Accounts payable xxxx [Credit] bank account xxxx
If you've made a payment on the vendor account which was previously incurred the entry would be: Debit: Accounts Payable; Credit: Cash If you're trying to write-off an unpaid accounts payable the entry would be: Debit: Accounts Payable; Credit: Expense Settlement Account (Contra-Expense account on the P&L that will flow through to Retained Earnings.
Wages Payable is a liability account that records wages that a company owes but has not yet paid. A decrease in this account more than likely signifies payment of those wages.About the only other "decrease" which is generally a rarity, is if the account was increased accident by an amount that the company did not owe and there was an adjusting entry made to record that error.
I'm not exactly sure what you are asking, the journal entry for a cash payment to pay down an account payable is as follows:Account Payable (debit) $$$$Cash (credit) $$$$Paying down an account payable is paying partial, so take for example you owe $1500 for a computer you purchased on account and you wish to pay $500 towards the balance. The Journal Entry would be.Account Payable (debit) $500Cash (credit) $500
An increase in Accounts Payable means that the company has received more invoices that are due for payment. account payable increase on trial balance.When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable.
[Debit] Accounts payable xxxx [Credit] bank account xxxx
If you've made a payment on the vendor account which was previously incurred the entry would be: Debit: Accounts Payable; Credit: Cash If you're trying to write-off an unpaid accounts payable the entry would be: Debit: Accounts Payable; Credit: Expense Settlement Account (Contra-Expense account on the P&L that will flow through to Retained Earnings.
Wages Payable is a liability account that records wages that a company owes but has not yet paid. A decrease in this account more than likely signifies payment of those wages.About the only other "decrease" which is generally a rarity, is if the account was increased accident by an amount that the company did not owe and there was an adjusting entry made to record that error.
The journal entry to record payment for supplies would involve crediting the cash account and debiting the supplies expense account.
I'm not exactly sure what you are asking, the journal entry for a cash payment to pay down an account payable is as follows:Account Payable (debit) $$$$Cash (credit) $$$$Paying down an account payable is paying partial, so take for example you owe $1500 for a computer you purchased on account and you wish to pay $500 towards the balance. The Journal Entry would be.Account Payable (debit) $500Cash (credit) $500
An increase in Accounts Payable means that the company has received more invoices that are due for payment. account payable increase on trial balance.When an item is purchased on credit accounts payable increases. For example if you purchase something for $250 on credit this is the entry to increase accounts payable. Purchases 250 Accounts Payable.
debit interest expensecredit notes payable
The journal entry for fuel refilling would involve debiting the fuel expense account to recognize the cost of fuel purchased and crediting the cash or accounts payable account to show the payment made or liability incurred. This transaction reflects an increase in expenses and a decrease in cash or an increase in accounts payable.
debit cashdebit discount chargescredit notes payable account
salary account debtor to salary outstanding account
Debit rent expenseCredit rent payable
Payable Account XXX Expense Account XXX