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Debit Accounts Payable
Credit cash
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Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
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debit equipmentcredit cash
What is THE journal entry to record paid in capital?
Debit cash / bankCredit paid in capital
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debit salary expensecredit cash
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bank a/c to cash a/c
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prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
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bank a/c to cash a/c
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Debit vacation expensesCredit cash / bank
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