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    bookkeeper's Avatar
    bookkeeper Posts: 1, Reputation: 1
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    #1

    Dec 5, 2007, 01:01 PM
    Record entries
    How do you record quarterly water expenses?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 6, 2007, 07:57 PM
    The journal entry is:

    Debit water expense for the amount
    Credit water expense payable (if not yet paid) or Cash (if Paid) for the amount
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