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What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Is mortgage payable debit or credit?
Mortgage payable is liability for business and like all liabilities it also has credit balance and shown in liability side of balance sheet.
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
What is the journl entry for puchasing goods on account?
[Debit] Purchases [Credit] Accounts payable
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Is mortgage payable debit or credit?
Mortgage payable is liability for business and like all liabilities it also has credit balance and shown in liability side of balance sheet.
Is payable debit or credit?
payable is credit
Does interest payable a debit or credit?
Interest payable is debit.
A decrease to accounts payable is a debit or credit?
debit
What is the journl entry for puchasing goods on account?
[Debit] Purchases [Credit] Accounts payable
Is a decrease in interest payable a credit or debit?
credit
Is Accounts Payable a debit or credit on the trial balance?
debit
What is the journal entry of credit purchase?
[Debit] Purchases account [Credit] Accounts Payable
How do you write off accounts payable?
Debit Accounts Payable and Credit either the account where the original debit was made or Credit Other Income
How do you enter dividends on a journal entry?
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
