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cesar10016
Jan 25, 2009, 04:23 PM
I do you journalize a bill received but will not be paid until next month?

cesar10016
Jan 25, 2009, 04:44 PM
Is it this?
accrued utility expense debit
cash credit

pready
Jan 26, 2009, 01:44 PM
Debit Utility Expense for the amount
Credit Utility Payable for the amount

When the bill is paid:
Debit Utility Payable for the amount
Credit Cash for the amount