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The journal entry to record the payment of a monthly utility bill would include?
Wiki User
∙ 11y ago
A debit to capital and and a credit tocash
Wiki User
∙ 11y ago
Wiki User
∙ 9y agodebit utility expenses
credit cash
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What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry ana received and paid the utility bill for January 160?
[Debit] Utility bill 160 [Credit] Cash 160
How to prepare journal entries 1. received a 900 utility bill today. Next that utility bill is paid.?
Debit utility expenses 900Credit expenses payable 900Debit expenses payable 900Credit cash / bank 900
What is the journal entry when a company pays a utility bill using double entry accounting system?
[Debit] Utility bill account xxxx [Credit] Cash / bank account xxxx
How to Include my utility bill in credit report?
Contact your utility company and ask them to report your information with all three bureaus. Keep in mind that not all utility companies are able to provide this option, so seek out companies that give you this option.
What are costs of owning house?
In addition to a monthly mortgage payment, first time home buyers should prepare for these costs associated with home ownership:Homeowners insuranceProperty taxesHome maintenance and upkeepIncreased utility costsAdditional utility billsHome appliancesHome improvementsHome decorating
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is electricity bill online payment most useful for?
Electricity bill online payment is useful in paying your monthly utility bill online. It saves paper, stamps, and gets your bill paid in a more timely manner than waiting on it to go through the mail service.
How do you start a Utility payment center?
The first step you take in order to start a utility payment system is contact the utility you want to work for. Once you have been approved, you need to make sure you have the right tools in order to do the job.
How do you set up a payment center for utility and money orders and cashing checks?
I was curious about this operation. Please post information about it. How can I start my own buisness of utility and payment center.
What is the journal entry ana received and paid the utility bill for January 160?
[Debit] Utility bill 160 [Credit] Cash 160
What is utility bill mean?
It is a payment owed to a utility company for using electricity, or water, or natural gas, or sewer etc.
What is the journal entry for recording a utilities receipt?
Debit utility expensesCredit cash /bank
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities?
Divide the utility expense by the monthly budget. Multiply the result by 100.
How to prepare journal entries 1. received a 900 utility bill today. Next that utility bill is paid.?
Debit utility expenses 900Credit expenses payable 900Debit expenses payable 900Credit cash / bank 900
Do utilities have the right to place a lien against your property?
If you owe overdue utility charges the utility company can sue for payment and record a judgment lien if it prevails.
What is the journal entry when a company pays a utility bill using double entry accounting system?
[Debit] Utility bill account xxxx [Credit] Cash / bank account xxxx
