Tyring to journal interest paid on bonds issued. I think I debit the bond interest paid, but then do I credit cash? For example, on 12/31, I have debit of Bond Interest Expense and a credit of Bond Interest Payable. If the interest is paid on 1/1, how do I journal the entry? I am thinking a Bond...

Hi I need to know How I can post reversing etry in to the general ledger ? For example if I have The business last paid a water bill in May, which was for 3 months of water expense up to the end of April. The additional accrual entry for water expense for the last two months is $2,290. And I...

Tyring to journal interest paid on bonds issued. I think I debit the bond interest paid, but then do I credit cash? For example, on 12/31, I have debit of Bond Interest Expense and a credit of Bond Interest Payable. If the interest is paid on 1/1, how do I journal the entry? I am thinking a Bond...

Received bill for advertisements shown in local newspapers totaling $3900 the bill will be paid in a couple of weeks On the general journal entry do I Debit advertisement expense 3900 Credit accounts payable 3900