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What is journal entry for paid ram 1000?
Debit ram 1000Credit cash 1000
What is the compound journal entry for rent paid by cash 500 and bank 1000?
debit rent expense 1500credit cash 500credit bank 1000
What is the journal entry when Anna paid her receptionist 1000 in wages for the period January 16 through January 27?
[Debit] wages Expenses 1000 [Credit] Cash 1000
What is journal entry for Cash embezzled by an employee 1000?
Lost by theft drEmbazzeled cash drTo cash account
What is the journal entry for insurance premium?
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
What is journal entry for paid ram 1000?
Debit ram 1000Credit cash 1000
Mr x purchase goods for Rs 1000 from Mr amol. pass journal entry?
debit purchases 1000credit cash 1000
What is the compound journal entry for rent paid by cash 500 and bank 1000?
debit rent expense 1500credit cash 500credit bank 1000
What is the journal entry when Anna paid her receptionist 1000 in wages for the period January 16 through January 27?
[Debit] wages Expenses 1000 [Credit] Cash 1000
What is journal entry for Cash embezzled by an employee 1000?
Lost by theft drEmbazzeled cash drTo cash account
What is the journal entry for insurance premium?
Insurance acc Dr 1000 Cash acc Cr 1000 P&L acc Dr 1000 To insurance acc Cr 1000
What is the journal entry to show a credit sale for 1000 with a 5 percent concession discount?
debit accounts receivable 950credit Sales revenue 950
How do you calculate credit sales?
the formula is: money recived from debtors during the year 5000 + debtors at the end of the year 3000 - debtors at the start of the year (1000) ________ credit sales = $7000
How do you prepare the adjusting journal entry to record bad debt expense?
The bad debt is recorded against the asset, which is the debtors control account, or account recievable, for example company A is owed $1000 by company B, during the year, company B approaches company A and states that it is going out of business and can only pay them $600, therefore the bad debt is $400 Credit the debtors account of company b with $400 and debit bad debt expense $400
What is a journal entry adjustment?
A journal entry adjustment is a manual accounting entry made to correct errors or update account balances in the company's financial records. These adjustments are typically made at the end of an accounting period to ensure that financial statements accurately reflect the company's financial position.
How do you pass journal entries for purchases account?
purchases a/c 1000...dr. cash a/c 1000...cr.
How does accounts payable decrease cash flow?
Example: Accounts payable balance = 1000 Cash Balance = 1000 Transaction 100 paid to creditors from cash Journal Entry [Debit] Accounts payable 100 [Credit] Cash 100 New Accounts balances Accounts payable 900 Cash 900
