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-   -   Journalize Utility Bill (https://www.askmehelpdesk.com/showthread.php?t=308542)

  • Jan 25, 2009, 05:23 PM
    cesar10016
    Journalize Utility Bill
    I do you journalize a bill received but will not be paid until next month?
  • Jan 25, 2009, 05:44 PM
    cesar10016

    Is it this?
    Accrued utility expense debit
    Cash credit
  • Jan 26, 2009, 02:44 PM
    pready

    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

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