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OpenStudy (anonymous):
May utility bill of $1,525 is unrecorded and unpaid
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OpenStudy (anonymous):
How do I adjust the journal, would it be under utilities expense and then owners capital?
OpenStudy (anonymous):
Or would the adjusting entries be on utilities expense and utilities payable
OpenStudy (anonymous):
yup
OpenStudy (anonymous):
I just don't know where i would put the adjusting entries, like what account
OpenStudy (anonymous):
sooooo.........do you know where i would put the adjusting entries?
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OpenStudy (anonymous):
:P
OpenStudy (anonymous):
that would be entereed in the general journal as it is not recoreded.... Utilities expense debit by $1,525 Utilities payble credit by $1,525
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