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Home > Business & Careers > Accounting   »   issuing a check journal entry

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Old Oct 26, 2006, 03:57 PM
egypngrl
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issuing a check journal entry

If a check was issued for a business expense, what is my journal entry?

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Old Oct 26, 2006, 05:18 PM   #2  
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Quote:
Originally Posted by egypngrl
If a check was issued for a business expense, what is my journal entry?
1. Entry - Processing the AP Invoice

DEBIT YOUR EXPENSE ACCOUNT
CREDIT ACCOUNTS PAYABLE

2. Entry - Cut a the cheque

Debit ACCOUNTS PAYABLE
CREDIT Bank Account
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