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cesar10016
Jan 25, 2009, 05:23 PM
I do you journalize a bill received but will not be paid until next month?

cesar10016
Jan 25, 2009, 05:44 PM
Is it this?
Accrued utility expense debit
Cash credit

pready
Jan 26, 2009, 02:44 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