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  • Feb 4, 2009, 11:51 AM
    sammu
    Journal Entry
    How to make Journal entry
  • Feb 4, 2009, 02:07 PM
    codyman144

    Is there a question here? Could you be more specific?
  • Feb 5, 2009, 01:04 PM
    pready

    First you need to analyze the business transaction. An example is paid utilities bill.

    Two accounts are affected here: One is the Utiilities Expense Account, and the other account is Cash.

    The journal entry is:
    Debit Utilities Expense for the amount paid.
    Credit Cash for the amount paid.

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