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    amendez002's Avatar
    amendez002 Posts: 4, Reputation: 1
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    #1

    Apr 26, 2012, 11:44 AM
    Example were a decrease in one liability and an increase in another liability
    Journal entry were it shows a decrease in one liability and an increase in another liability
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Apr 26, 2012, 12:47 PM
    One example would be if you owed a supplier on account and you signed a notes payable for your accounts payable.

    Basically you exchanged an accounts payable for a notes payable.
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