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    cesar10016's Avatar
    cesar10016 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 25, 2009, 05:23 PM
    Journalize Utility Bill
    I do you journalize a bill received but will not be paid until next month?
    cesar10016's Avatar
    cesar10016 Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jan 25, 2009, 05:44 PM

    Is it this?
    Accrued utility expense debit
    Cash credit
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Jan 26, 2009, 02:44 PM

    Debit Utility Expense for the amount
    Credit Utility Payable for the amount

    When the bill is paid:
    Debit Utility Payable for the amount
    Credit Cash for the amount
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