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What are the accounting journal entries for payment in kind interest on a note?
debit interest in kindcredit notes payable
What are the accounting journal entries to record an overcharged cost that was posted to an expense purchase to Accounts Payable and was paid at a later date?
general journal
What are the accounting journal entries to record the purchase of land on a note?
debit land accountcredit notes payable
What is accounts payable non trade?
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
What are the accounting journal entries to accrue a contingency payable?
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
What are the accounting journal entries for guaranteed payments to partners?
Debit:Partners Capital Credit: Accounts Payable
Accounting journal entries for payment of FICA?
Debit FICA Tax payable Credit Cash / bank
What are the accounting journal entries for payment in kind interest on a note?
debit interest in kindcredit notes payable
What are the accounting journal entries to record an overcharged cost that was posted to an expense purchase to Accounts Payable and was paid at a later date?
general journal
What are the accounting journal entries for payment in kind interest on a bond?
Debit Interest Expense and Credit Bond Payable.
What are the accounting journal entries to record the purchase of land on a note?
debit land accountcredit notes payable
What is accounts payable non trade?
Accounts payable non-trade is an entry that is made through a journal entry. Most accounts payable are trade and they are done through an accounts module that will automatically generate accounting entries.
What are the accounting journal entries to accrue a contingency payable?
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
What is the journal entry in the declaration of dividends?
The journal entries for different time periods are recorded as the following: 1 - When the dividend is declared: [Debit] Retained Earnings XXXX [Credit]Dividend Payable XXXX 2 - When the dividend is paid: [Debit] Dividend Payable XXXX [Credit] Cash/bank XXXX
What are the accounting journal entries to record a purchase of inventory?
[Debit] Purchases xxxx [Credit] Cash / bank xxxx [Credit] Accounts payable xxxx (if purchased on credit)
How are dividend recorded?
Dividends are recorded in a company's financial statements through a series of journal entries. When a dividend is declared, the company recognizes a liability by debiting retained earnings and crediting dividends payable. Upon payment, the dividends payable account is debited, and cash is credited, reflecting the outflow of cash. This process ensures accurate tracking of the company's earnings distribution to shareholders.
What are the Accounting entries for commissions payable?
rent payable a/c d/r to cash or bank a/c
