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Journal Entries
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In January 2005 the accountant for Delaware supply Corporation estimated the company's net income for the year as 556,000. A year-end income statement reported actual net income of 570,000. 1. make the general journal entries to record quarerly payments of the company's estimated income taxes...
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Hi everyone This is the current entry... Paid electricity expense of $860, previously recorded as unearned revenue.! I knew the first entry which was electricity we haven't paid and the entry is accured expense Debit-Electricity expense Credit- electricity account payable.
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When entering journal entries, how do you show opening balances? For example, If at the beginning of the month I have $100 in supplies, I purchase $700 throughout the year, and I have $400 remaining at the end of the year, how would I show this whole transaction? View more questions Search
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