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WHAT IS THE JOURNAL ENTRY FOR SALES DISCOUNTS?
expense
What is the journal entry for warranty expense charged against the revenue?
Debit Warranty Expense Credit Warranty Liability
What is the journal entry to reverse an accrued expense?
Payable Account XXX Expense Account XXX
What journal entry accrues interest expense?
DR - Interest Expense CR - Interest Payable
What is journal entry for expense payment?
what is the entry for an excess payment from customer
How do you record a journal entry to reverse the expense booked?
debit cash / bank / accounts payablecredit expense account
Is a compound entry in the general journal is made to close expense accounts?
A compound entry in a general journal is any entry that has more than one debit or credit value. A compound entry is used to close the expense accounts because you will need to credit all of the expense accounts, then debit either the Income Summary, or the Capital itself.
What is the journal entry for accrued expense?
basic salary 21967 / salary of September
What is the journal entry for salary?
[Debit] Salary expense [Credit] Cash / bank
What is journal entry for Paid wages?
Db wage expense Cr cash
What is the journal entry for medical expense?
Debit prepaid expensesCredit cash / bank
What is the journal entry for depreciation expense?
Debit depreciation expenseCredit fixed asset
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