Precision Management Company has six unpaid vendor invoices at the end of the month totaling $5,000. The
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Precision Management Company has six unpaid vendor invoices at the end of the month totaling $5,000. The Cash to Accrual conversion entry would be: Debit Miscellaneous Expense, $5,000; Credit Accounts Payable, $5,000 Debit Adjustment to Cost and Expenses, $5,000; Credit Accounts Payable, $5,000 Debit Accounts Payable, $5,000; Credit Bank, $5,000 Debit Adjustment to Cost and Expenses, $5,000; Credit Accounts Receivable, $5,000
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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