Ask Experts Questions for FREE Help !
Ask
    iseahke's Avatar
    iseahke Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 21, 2008, 12:46 PM
    Journal Entries
    How do I show journal entries for Interest accrued on a bank loan and on payroll tax expense incurred.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    Mar 22, 2008, 10:15 PM
    Please see this post I just made. And note what the second paragraph says.

    https://www.askmehelpdesk.com/accoun...ze-196775.html

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal Entries & Adjusting Journal Entries [ 2 Answers ]

Nov. 15- Purchased $1,600 of merchandise on account from Martin Co, terms 1/30; paid $60 of associated freight charges in cash. My answer: Merchandise Inventory $1600 Accounts Payable $1600 Cash $60 Freight Expense $60...

Bond Payments and Journal and Journal Entries [ 0 Answers ]

What is the adjusting entry at Dec 31, 2007 for this problem? Problem: Logan Corporation issued 800000 of 8% bonds on October 1, 200, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest.


View more questions Search