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

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!

Adjusting Entries and Closing Entries [ 6 Answers ]

The Flash Pan Company manufactures cooking products. On August 1, 2007, the company borrowed $125,000 from creditors. Semiannual interest payments of $7,500 are to be made to creditors beginning January 31, 2008. On July 1, 2007, the company purchased a 1-year insurance policy for $10,000 and...

Journalize entries to record Allowance for doubtful accounts [ 3 Answers ]

How would you journalize entries to record allowance for doubtful accounts using two different bases. The ledger of Elburn company at the end of the current year shows accounts receivalbe $110,000, Sales $840,000 and salaes Revenue and allowances $28,000. If Elburn uses the direct write-off...

Journalize entries to record allowance for doubtful accounts [ 1 Answers ]

How would you journalize entries to record allowance for doubtful accounts debit credit accounts recv. 520,000 all for uncollect. Accts 300 ...

Debit balance, debit entries, and credit entries [ 1 Answers ]

This is a silly question I'm sure, and the answer is very simple, but it is driving me crazy... The problem is: At the beginning of the year, The Office Equipment account of Gulf Coast Airlines had a debit balance of $126,900. During the year, debit entries of $23, 400 and credit entries of...


View more questions Search