Question
DR Electricity 1000.00 1/3/2021 DR Other Accrued Exp 1000.00 1/3/2021 CR Accounts Payable 2000.00 1/3/2021 You clear out AP when you run the check. DR
DR Electricity 1000.00 1/3/2021
DR Other Accrued Exp 1000.00 1/3/2021
CR Accounts Payable 2000.00 1/3/2021
You clear out AP when you run the check.
DR Cash 2000.00 1/3/2021
CR Accounts Payable 2000.00 1/3/2021
How is the Other Accrued Exp cleared out?
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Principles Of Auditing: An International Perspective
Authors: Rick Stephan Hayes, Philip Wallage, Arnold Schilder, Roger Dassen
1st Edition
0077095324, 978-0077095321
