Partnership Comp Prob Pay Expenses-120 Journal Entries to Pay Monthly Expenses With Cash

in partnership •  6 years ago 

Partnership comprehensive problem pay monthly expenses with cash will record the journal entry to pay normal monthly expenses including utilities, telephone, and wages. We will enter financial transactions into the general journal, post them to the general ledger, and then build the trial balance from the general ledger. The journal entries will be a debit to expense and a credit to cash.
For more accounting information see website.
http://accountinginstruction.info/

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