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Dr. Accrued Expense
Cr. Cash or Cash in bank
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∙ 14y ago
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The entry to adjust the accounts for wages accrued at the end of the accounting period is?
wages expense and wages payable
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 for accrued expense?
basic salary 21967 / salary of September
What is the accounting entry for sales return under warranty?
The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.
The entry to adjust the accounts for wages accrued at the end of the accounting period is?
wages expense and wages payable
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
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 entry for accrued expense?
basic salary 21967 / salary of September
If an adjusting entry is not made for an accrued expense?
If adjusting entry not made then profit will be overstated while the expenses will be understated.
When does an accrued expense have to be paid?
An accrued expense is an accounting expense that is recognized in the books but has not yet been paid. It is usually a current expense. An accrued expense is paid when the due date for payment has reached, for example, wages are accounted for in the books before they are paid, but are usually paid either on a monthly or weekly basis depending on the policies of the company.
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
What is an expense that has not been paid and has not yet been recognized in the accounts by a routine entry?
accrued
