what is the journal entry for paid rent,salary,interest accrued,salary due,prepaid insurance,commission received in advance
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Answered by
5
Answer:
rent is expense
salary is also expense
interest is income
premium insurance is expense
commission is income
Answered by
4
Answer:
rent dr
to cash/bank
salary dr
to cash / bank
interest accrued dr
to interest
salary dr
to outstanding salaries
prepaid insurance dr
to insurance
commission dr
to advance commission
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