USA Clearing account usage for expense (journal entries)

Joined
Jan 2, 2021
Messages
3
Reaction score
0
Country
United States
What is the sequence of journal entries for paying an invoice for an expense? Is this correct?

expense Dr
a/p Cr

bill.com (clearing account) Dr
cash (checking account) Cr

a/p Dr
bill.com (clearing account) Cr

thanks for your help
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,756
Messages
27,803
Members
21,757
Latest member
K.SAT

Latest Threads

Top