0
What else can I help you with?
Cash loaned to the company by a shareholder would be posted to the what Journal before being posted to the General Ledger.?
Cash
Does a increase in salaries payable decrease cash?
Increase in salaries payable increases the cash account as cash is not paid and due to non payment of cash, cash account showing more balance then it would be if salaries paid already.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
Cash received as PROMPT payment under 310 Net 30 terms would be posted in the what accounts.?
Cash received as prompt payment under 310 Net 30 terms would typically be posted in the Cash account, reflecting the increase in cash assets. Additionally, it would also affect the Accounts Receivable account by reducing the outstanding amount owed by customers. If there are any discounts taken for the prompt payment, those would be recorded in a Discounts Allowed or Sales Discounts account.
How do you journal when an invoice is received and journal the payment with discount?
When an invoice is received, you would journal the transaction by debiting the appropriate expense or asset account and crediting accounts payable for the total amount of the invoice. When the payment is made, you would debit accounts payable for the full invoice amount, credit cash for the amount paid, and record the discount by crediting a discount received or expense reduction account. This ensures accurate tracking of both liabilities and discounts received.
Cash loaned to the company by a shareholder would be posted to the what Journal before being posted to the General Ledger.?
Cash
What would be the journal entry of payment?
Debit expense or accounts payableCredit cash / bank
Which journal entry records payment for supplies?
Debit supplies inventoryCredit cash / bank
Does a increase in salaries payable decrease cash?
Increase in salaries payable increases the cash account as cash is not paid and due to non payment of cash, cash account showing more balance then it would be if salaries paid already.
How quickly will a payment post to your credit card account when you use visa online bill payment options?
a payment will post immediately to your account as long as it was posted before Friday at midnight. if you posted on Saturday it would take until monday morning to post to the account.
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 This item would be included in the bank reconciliation as an?
A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257, this item would be included in the bank reconciliation as a deduction from the balance. The error should be corrected by the depositor.
What would the journal entry be for payment received for goods previously sold on credit?
debit cash / bankcredit accounts receivable
What is Personal Emolument?
Personal Emolument is the payment of pensions, allowances, gratuities and salaries to those who work with the government. This position would be civil servants and government officials.
How much payment get for director of company?
The payment you would get for being the director of a company would vary from each company. While many companies can afford to pay large salaries, other smaller companies cannot. The director of a company would be paid fairly based upon the income the company has.
Cash received as PROMPT payment under 310 Net 30 terms would be posted in the what accounts.?
Cash received as prompt payment under 310 Net 30 terms would typically be posted in the Cash account, reflecting the increase in cash assets. Additionally, it would also affect the Accounts Receivable account by reducing the outstanding amount owed by customers. If there are any discounts taken for the prompt payment, those would be recorded in a Discounts Allowed or Sales Discounts account.
The journal entry to record the payment of a monthly utility bill would include?
A debit to capital and and a credit tocash
Journal entry for applying a payment in receivable system?
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
