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What is the journal entry to increase pension expense?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Debit pension expense
Credit cash / bank

Wiki User

∙ 11y ago

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How do you record a journal entry to reverse the expense booked?

debit cash / bank / accounts payablecredit expense account

Is a compound entry in the general journal is made to close expense accounts?

A compound entry in a general journal is any entry that has more than one debit or credit value. A compound entry is used to close the expense accounts because you will need to credit all of the expense accounts, then debit either the Income Summary, or the Capital itself.

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

What is the journal entry for depreciation expense?

Debit depreciation expenseCredit fixed asset

What is the journal entry to record accrued interest expense?

Debit Accrued Interest Expense Credit Accrued Interest Payable

Related Questions

WHAT IS THE JOURNAL ENTRY FOR SALES DISCOUNTS?

expense

What is the journal entry to reverse an accrued expense?

Payable Account XXX Expense Account XXX

What journal entry accrues interest expense?

DR - Interest Expense CR - Interest Payable

A journal entry is necessary to move expense from project A to project B Which project should be debited?

Project B would debit expense to increase and project A would credit expense.

What is journal entry for expense payment?

what is the entry for an excess payment from customer

How do you record a journal entry to reverse the expense booked?

debit cash / bank / accounts payablecredit expense account

Is a compound entry in the general journal is made to close expense accounts?

A compound entry in a general journal is any entry that has more than one debit or credit value. A compound entry is used to close the expense accounts because you will need to credit all of the expense accounts, then debit either the Income Summary, or the Capital itself.

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

What is the journal entry for salary?

[Debit] Salary expense [Credit] Cash / bank

What is journal entry for Paid wages?

Db wage expense Cr cash

What is the journal entry for medical expense?

Debit prepaid expensesCredit cash / bank

What is the journal entry for depreciation expense?

Debit depreciation expenseCredit fixed asset

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