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4 answers

Does the service have its own account? For example if it is a lawyer fee you would debit Proffessional service expense and credit cash. That is if you have paid with cash.

2006-11-26 14:38:26 · answer #1 · answered by Anonymous · 0 0

Two entries:

Recording expense: debit expense, credit accounts payable
Making payment: debit accounts payable, credit cash

2006-11-26 23:34:12 · answer #2 · answered by LifesAMystery 3 · 0 0

Credit Cash

Debit Accounts Payable

Don't quote me on this, just what I remember from introductory accounting.

2006-11-26 22:27:10 · answer #3 · answered by luvfurypassionenergybabe 5 · 0 0

debit

service fee expense 3000
credit
cash 3000

2006-11-26 23:00:22 · answer #4 · answered by jessa y 1 · 0 0

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