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What is interest expense on a general ledger Debit or Credit?
DEBIT
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
Is rent expense a debit or credit?
debit
What is interest expense on a general ledger Debit or Credit?
DEBIT
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
Is Interest expense debit or credit?
all expenses are debited
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
What is the journal entry if an owner makes payments on a company loan and he will not be reimbursed by the company?
debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital
What are the accounting journal entries for payment in kind interest on a bond?
Debit Interest Expense and Credit Bond Payable.
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
Is rent expense a debit or credit?
debit
Is an insurance expense a debit or credit?
Debit
Is a miscellaneous expense a debit or a credit?
debit
