Accounts Payable- Journal Entries

shivaram · #1 Sep 4, 2008, 04:36 AM

1.When the supplier sends the goods.
2.When the supplier details are keyed into the system
3.When the supplier is been finally paid.

pready · Oct 18, 2008, 05:19 PM

1. Debit the Asset Account, Credit the Accounts Payable

2. None

3. Debit Accounts Payable, Credit Cash

ryan2440 · Oct 20, 2008, 08:14 PM

1. Dr. Supplies
Cr. A/P

2. Don't do anything.

3. Dr. A/P
Cr. Cash



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!