Journal Entry for Accounts Payable:
In this case, the related asset or expense account is debited, and the journal entry for the payable accountis credited. When payment is … See more

Cash Reconciliation Entry:
There is usually a debt to the bank fees account, Office Supplies Account, Interest Account, etc., to recognize charges made by the bank… See more

Accrued liabilities account is credited. If a debt is owed but not yet billed, accrued liability entry is to be made. In this case, the accrued expense is a debit to the expense account.… See more

Dividend Declaration:
When dividends are declared, the retained earnings account is debited, and the dividends payableaccount is credited. Once dividendsar… See more