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    Jasoup's Avatar
    Jasoup Posts: 8, Reputation: 2
    New Member
    		  
    #1

    Feb 20, 2016, 04:21 PM
    Super easy question
    Sorry I completely had a brain fart but the journal entry is accrue utilities for x amount
    just wanted to know for sure if its
    db utilities expense
    cr cash

    or is it:
    Db utilities expense
    cr utilities payable

    of anything else lol
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Feb 20, 2016, 06:16 PM
    Number two is near enough you have the principle, cash, or bank, is used when you actually pay an account
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