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What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
What events would not require a formal journal entry on a corporation's books?
k
What would be the journal entry for supplies that have been used?
Debit supplies expenseCredit supplies inventory
What is the journal entry debiting cash and crediting capital would be a result of a?
she invested P 50, 000 in cash to start his business
How many paragraphs are in a journal entry?
I think that a journal entry is in the format of an essay, so I would say at least five paragraphs...but actually, i honestly don't think it matters, as long as you get the point across...hope this helps!
Is a journal entry from the past summer a secondary source?
It depends. If it is your journal, or you are quoting from a journal you have actually seen, then no. A secondary source would be a newspaper report of that journal entry, for example. Unless the journal entry is stating something read or seen elsewhere, then it WOULD be a secondary source.
How would you do a Henry Hudson Journal entry?
Henry Hudson never really had a journal that we know of
What is the journal entry for deferred revenue?
As it is a advance receipt the journal entry would be cash dr. to deferred revenue
How would you make a journal entry for a repurchased shares in a journal?
Debit treasury stockCredit cash / bank
Accounting where would you put a bad debt entry?
In the Journal Proper
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
What events would not require a formal journal entry on a corporation's books?
k
What is journal entry for Accrued Revenue?
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
What would be the journal entry for supplies used?
debit supplies expensecredit supplies inventory
What would be the journal entry of payment?
Debit expense or accounts payableCredit cash / bank
Which journal entry records payment for supplies?
Debit supplies inventoryCredit cash / bank
What would be the journal entry for supplies that have been used?
Debit supplies expenseCredit supplies inventory
