Friday, January 22, 2010

Everyday Expense Journal Entry

Whenever an expense is paid, the accountants must make the proper journal entry to record it. Use the following accounting journal entries to update each individual account that incurs an expense.


Type of Journal Entry
Account titles
Debit
Credit
Payment of Everyday Expenses

(Utilities, salaries, rents, bills, insurance)
Rent Expense
Cash
XXX

XXX

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