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Can anyone walk me through the proper journal entries for this?
Just prior to year end I wrote a cheque to a vendor in the wrong amount but posted the correct amount on the invoice.
Yes, I still handwrite cheques, lol.
As it is a small amount, the…
Hello,
I need to post adjusting journal entries for several years to record accounting accrual amounts to accounts payable. However, the general journal isn't allowing me to do so. Please Help!
The entries are as follows:
09/30/16 Accounts Payable…
Hi,
I am working on our fiscal year end.
I went to do the transaction in my GJ "To Correct Payroll A/P with Expense for Year End"
According to my calculations it looks like this:
Dr. Cr.
2180 EI Payable 1,624.32
2185 CPP Payable 3,217.44 …
My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts:
Here is a sample:
31/12/14 Accounts Receivable XYZ Inc - Account No. 1205 - Debit - 7592.20
31/12/14 Accounts Payable -…
