Allowance for Doubtful Accounts Journal Entry
Allowance for Doubtful Accounts is a Debit the Bad Debt Expense Account and Credit the Allowance for Doubtful Accounts. Allowance […]
Basic
COGS Entries
Cost of Goods Sold Journal Entry
The Cost of Goods Sold Journal Entry is Debit the Cost of Goods Sold Account and Credit the Inventory/Purchase Account.
Depreciation Entries
Accounting Entries for Depreciation
Depreciation represents the gradual reduction in the value of a fixed asset over time due to wear and tear, obsolescence,
Payable Entries
Accounts Payable Journal Entry
Accounts Payable Journal Entry is Debit the Purchase/Expenses Account and Credit the Accounts Payable. Accounts Payable represents the amount your
Prepaid Entries
Prepaid Asset Journal Entry
Prepaid Asset Journal Entry is Debit the Prepaid Asset or Expense Account and Credit the Cash/Bank. A prepaid asset is