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If gas accrual in Jan 15.00 Feb 15.00 and March 12.00 paid gas bill in march for Jan 25 What are your journal entries for Jan feb march including reversals of accruals accounts payable and payment?
Jan - Debit Utilities Expense $15 Credit Accrued Expenses $15, Jan accrual. Feb - Debit Utilities Expense $15 Credit Accrued Expenses $15, Feb Accrual March - Debit Utilities Expense $12 Credit Accrued Expenses $12, Mar Accrual Feb or March (when bill is received) - Debit Utilities Expense $25 Credit Accounts Payable $25, record gas bill. and Debit Accrued Expenses $15 Credit Utilities Expense $15, reverse Jan accrual. March - Debit Accounts Payable $25 Credit Cash $25, record Check #? (could be posted in Cash Disbursements Journal).
What does in credit mean on a gas bill?
It is usually taken to mean that the amount you have payed the Gas company is more than the value of the gas you have used. This can happen in the summer months if you pay a fixed monthly amount.
What does 'average available balance' mean?
Let's say that you have a checking account with a debit card. Your balance is the amount of money in the account. However, the available balance may be lower. When you deposit a check, the bank can place a hold on those funds until the deposited check clears. The amount of the check is added to your balanceimmediately, but is not added to your available balanceuntil the hold clears. Also, when you use your debit card, the merchant may place a hold on some amount of money when they initially authorize the charge. (For example, if you pay for gas at the pump, the gas station may pre-authorize a set amount such as $75.00, even if you end up only buying $30 worth of gas. Also, restaurants will typically pre-authorize an amount somewhat higher than your bill, to allow you to add a tip to the amount charged to your card.) Those merchant holds from your debit card will also temporarily reduce your available balance, until the hold expires or is cleared.The average available balance is simply the average of the daily available balances for a month, or whatever period is covered by your statement.
What is the difference between a direct debit and a standing order?
For a direct debit the amount can vary each time a bill is paid and the company requests the money from the bank of the person paying. It is used to pay bills such as gas, electricity etc. Can also be used to ensure that you pay at least the minimum on your credit card each month. A standing order is used to pay the same amount each month and the person paying it has to say it can be paid. I use it to transfer my kids allowance into their bank accounts. Can also be used to pay rent etc. Your bank will probably have leaflets about them if you ask.
What is Dk on a gas bill?
Dk on a gas bill typically refers to "Dekatherm," a unit of measurement for energy content. One dekatherm is equivalent to 10 therms, which is a standard unit used to measure gas consumption. It represents the amount of energy required to heat one million British thermal units (BTUs). This measurement helps consumers understand their gas usage in terms of energy consumption.
What does debit mean on a gas bill?
On a bill a debit is a charge, while a payment is a credit.
What does in debit mean on gas bill?
Nothing
Does debit on your british gas bill mean you owe them money?
Yes. Credit means that you have overpaid and they owe you money.
What does debit mean on your gas bill?
leave it alone, your insurance will take care of it. if you have insurance however! if you don't discuss with with the cashier.
What does in debit mean on your gas bill?
When the term "in debit" appears on your gas bill, it indicates that you owe money to the gas company. It means that your account has a negative balance, and you need to make a payment to bring it back to zero or positive. Failure to clear the debit balance may result in late fees or service disconnection.
When babes says goo goo gas gas what does it mean?
it means they are happy and anxious
What does in credit mean on gas bill?
you dont have to pay
If gas accrual in Jan 15.00 Feb 15.00 and March 12.00 paid gas bill in march for Jan 25 What are your journal entries for Jan feb march including reversals of accruals accounts payable and payment?
Jan - Debit Utilities Expense $15 Credit Accrued Expenses $15, Jan accrual. Feb - Debit Utilities Expense $15 Credit Accrued Expenses $15, Feb Accrual March - Debit Utilities Expense $12 Credit Accrued Expenses $12, Mar Accrual Feb or March (when bill is received) - Debit Utilities Expense $25 Credit Accounts Payable $25, record gas bill. and Debit Accrued Expenses $15 Credit Utilities Expense $15, reverse Jan accrual. March - Debit Accounts Payable $25 Credit Cash $25, record Check #? (could be posted in Cash Disbursements Journal).
Your dad goes to the gas station fills up the car with gas and pays with his card and money for the gas shows up on the bill for the card he gets at the end of the month debit or credit?
When your dad goes to the gas station and fills is car with gas then pays with his card the money at the end of the month will be debited from his account.
Does speedway gas station accept link debit cards?
No
What does ccf on a gas bill mean?
"CCF" means hundred cubic feet.
What does ccf on gas bill mean?
"CCF" means hundred cubic feet.
