Journal entry worksheet The company paid 874 cash for August

Journal entry worksheet The company paid $874 cash for August utilities. Note: Enter debits before credits Aug 31 Record entry Clear entry View general journal Prey1 of E Next

Solution

Date

General Journal

Debit

Credit

August 31

Utilities Expense A/c     

$874

To Cash A/c

$874

[Journal Entry to record the cash payment of $874 for Utilities Expenses for the month o August]

Payment of Utilities Expenses of $874, There would be an Increase in utilities Expense and Decrease in cash since the payment was made by cash. Debit the Expense Account to Increase it and Credit the Asset account to Decrease the cash balance.

Date	General Journal	Debit	Credit
August 31	Utilities Expense A/c	$874
	To Cash A/c		$874
	[Journal Entry to record the cash payment of $874 for Utilities Expenses for the month o August]