Journal entry to record the payment of rent



[Q1] The entity paid $12,000 for monthly rent.
Prepare a journal entry to record this transaction.

[Journal Entry]

  Debit Credit
Rent expense 12,000  
     Cash   12,000

[Notes]
Debit: Increase in rent expense
Credit: Decrease in cash

 

 

© AccountingInfo.com

 


Related Posts