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Debit supplies inventory
Credit cash / bank
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∙ 9y ago
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What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
What will be the journal entry for supplies issued?
Debit supplies expensesCredit supplies inventory
Journal entry for supplies used?
Debit supplies expensesCredit supplies inventory
What is journal entry for expense payment?
what is the entry for an excess payment from customer
What would be the journal entry for supplies used?
debit supplies expensecredit supplies inventory
What is the journal entry for cost of supplies used?
debit supplies expensecredit supplies inventory
What is the journal entry of supplies used?
[Debit] Supplies expenses [Credit] Supplies Inventory
What would be the journal entry for supplies that have been used?
Debit supplies expenseCredit supplies inventory
How do you made a journal entry for loan repayment schedule?
There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.
What is an accrual journal entry?
Accrual journal entry means that entry the transaction of which is occurred already but payment is not yet received or paid to other party.
What will be the journal entry for supplies purchased with a check?
Debit supplies accountCredit bank account
What is journal entry for supplies bought on account?
Debit supplies inventoryCredit accounts payable
