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What is the journal entry to record accrued expenses?

Practice Questions

1 question
Q1
What is the journal entry to record accrued expenses?
  1. Debit Expense, Credit Cash
  2. Debit Cash, Credit Expense
  3. Debit Expense, Credit Accounts Payable
  4. Debit Accounts Payable, Credit Expense

Questions & Step-by-step Solutions

1 item
Q
Q: What is the journal entry to record accrued expenses?
Solution: Accrued expenses are recorded by debiting the expense account and crediting Accounts Payable.
Steps: 0

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