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The appropriate journal entry for this would be an adjusting entry. The department would debit the receiving ... space rentals, Public Safety, etc. Recovery - the amount a billing department receives ...
Four Types of Adjusting Journal Entries. ... You create an adjusting entry at the end of the month that adds $1,000 to the rent expense account and reduces the prepaid rent account by $1,000.
Sign-on to the system. Select "RIT - GL - JOURNAL ENTRY ONLY"From the "Journals" menu listed to the right of the list of responsibilities, click on "Entry". Once in the applications the "Find Journals ...
In the journal, the revenue account shows a credit balance of $2,000. Enter a debit entry for $2,000 to close the account. Credit the income summary account for the same amount you debited the ...
The JOURNAL ENTRY INQUIRY window will resemble the one shown below. To find a specific journal entry, conduct a (F11) query directly in this window. 1. Press the F11 key on the keyboard. The fields ...