Debit pension expense
Credit cash / bank
debit cash / bank / accounts payablecredit expense account
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.
basic salary 21967 / salary of September
Debit depreciation expenseCredit fixed asset
Debit Accrued Interest Expense Credit Accrued Interest Payable
expense
Payable Account XXX Expense Account XXX
DR - Interest Expense CR - Interest Payable
Project B would debit expense to increase and project A would credit expense.
what is the entry for an excess payment from customer
debit cash / bank / accounts payablecredit expense account
[Debit] Salary expense [Credit] Cash / bank
basic salary 21967 / salary of September
Debit prepaid expensesCredit cash / bank
Db wage expense Cr cash
Debit depreciation expenseCredit fixed asset
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.