If company pays a rent for $45,000 this month by cash what is the journal entry...
If company pays a rent for $45,000 this month by cash what is the journal entry and T account for this?
Homework Answers
Journal entry
|
General journal |
Debit |
Credit |
|
Rent expense |
$ 45,000.00 |
|
|
Cash |
$ 45,000.00 |
|
|
(To record rent expense paid in cash) |
T account of Rent expense
|
Rent expense |
|||
|
Debits |
Credits |
Balance |
|
|
Cash |
$ 45,000.00 |
$ 45,000.00 (Dr) |
|
The format of the T account may be different but the balance will be $45000.
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If company pays a rent for $45,000 this month by cash what is the journal entry...
If a company pays rent for $45,000 this month by cash what is a journal entry...
If a company pays rent for $45,000 this month by cash what is a journal entry and T account?
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