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Related Questions
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
Is tax a asset or expense and how do I record it in the General journal or balance sheet?
Tax should be recorded in the general journal because it is an expense.
How do you record a journal entry to reverse the expense booked?
debit cash / bank / accounts payablecredit expense account
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
The journal entry to record depreciation expense consists of a credit to Accumulated Depreciation and a debit to the asset being depreciated?
Debit is to depreciation expense.
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 is the journal entry to record an accrued exp?
debit: expense account credit: account payable (vendor)
What is the journal entry to record interest expense not yet paid?
debit interest expensescredit interest payable
What is journal entry to record out of pocket business expense?
debit business expensescredit owner capital account
What is the journal entry to record interest expense and bond premium?
debit interest expensedebit bond premiumcredit cash
What is the journal entry to record franchise fees?
debit franchise feecredit cash /bank
How do you prepare journal entries to record income tax expense and the effects of net operating loss carrybacks?
no one knows
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