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What are the journal entries for Rent expense, Insuarence Expense, Buisiness Liscence Expense, Office supplies expense, Income tax expense, and Depreciation? Explain please. This is
What are the journal entries for Rent expense, Insuarence Expense, Buisiness Liscence Expense, Office supplies expense, Income tax expense, and Depreciation? Explain please. This is a trial balence sheet. Account Account Type Debit Credit
Cash ASSET ACCOUNTS Debit
Property, Plant, & Equipment ASSET ACCOUNTS Debit
Prepaid Insurance ASSET ACCOUNTS Debit
Inventory ASSET ACCOUNTS Debit
Business License ASSET ACCOUNTS Debit
Prepaid Rent ASSET ACCOUNTS Debit
Office Supplies ASSET ACCOUNTS Debit
Accumulated Depreciation ASSET ACCOUNTS Credit
Common Stock EQUITY ACCOUNTS Credit
Dividends EQUITY ACCOUNTS Debit
Advertising Expense EXPENSES Debit
Payroll Expense EXPENSES Debit
Cost of Goods Sold EXPENSES Debit
Interest Expense EXPENSES Debit
Repairs and Maintenance EXPENSES Debit
Utilities Expense EXPENSES Debit
Rent Expense EXPENSES Debit
Business License Expense EXPENSES Debit
Insurance Expense EXPENSES Debit
Office Supplies Expense EXPENSES Debit
Depreciation Expense EXPENSES Debit
Bank Loan Payable LIABILITY ACCOUNTS Credit
Accounts Payable LIABILITY ACCOUNTS Credit
Unearned Revenue LIABILITY ACCOUNTS Credit
Rental Revenue REVENUE Credit
Sales Revenue REVENUE Credit
Gain on Sale REVENUE Credit
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