When posting year end accruals in Accrued Expenses account, what is the best way to record a vendor credit.

Need help setting up the Journal Entry

1. Waiting to receive &pay vendor invoice of $50K for service

2. waiting to receive & pay vendor invoice of $15K for software

3. Need to apply a vendor credit of $30K for consulting (which would reduce expense liability)

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write the information you found for the company current condition using (bullet point and notes) Company name Definition Current Condition Course of Action Evaluation Conclusion Reference List Aviva 1 write the information you found for the company current condition using (bullet point and notes) Company name Definition Current Condition Course of Action Evaluation Conclusion Reference List Aviva 1

Answer rating: 100% (QA)

Step 1 1 Date Account Dr Cr Service expenses 50000 Accounts Pa... View the full answer