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    Sherns's Avatar
    Sherns Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 26, 2009, 08:15 AM
    Paid the current month's rent, $1,040
    How do you enter this information in the double entry: paid the current month's rent, $1,040
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Jan 26, 2009, 02:42 PM

    Debit Rent Expense for the amount
    Credit Cash for the amount

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