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[debit] office use expenses
[credit] cash
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∙ 9y ago
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How do you journal entry office supplies on account?
Debit office suppliesCredit accounts payable
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What will be the journal entry Office supplies purchased in cash but not used?
debit office suppliescredit cash
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the journal entry for 'withdrawn for office use 1800'?
office expense a/c Dr. To cash A/c
What is the journal entry when the owner withdraw equipment for personal use?
debit drawingscredit office equipment
What is the journal entry for computer purchased for office use?
debit computer accountcredit cash / bank
How do you journal entry office supplies on account?
Debit office suppliesCredit accounts payable
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What is the journal entry paid to rent office?
debit rent expense and credit cash
What will be the journal entry Office supplies purchased in cash but not used?
debit office suppliescredit cash
What will be the journal entry Office Furniture purchased with gift cards?
[Debit] Office furniture [Credit]Owner equity / Retained Earnings
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the journal entry for a withdrawal of 3000 was recorded as a debit to office expense and a credit to cash?
debit drawings 3000credit office expense 3000
Why use journal entry?
Journal entry is the first step in accounting process and it is used to record the business transections and without recording journal entry it is not possible to generate any kind of report as well as preparation of income statement or balance sheet.
