Received Telephone Bill To Be Paid Next Month Journal Entry
Journal Entry For “Received $250 Telephone Bill For Previous Month, To Be Paid Next Month”. When the company received telephone bill of $250 to be paid next month, then it is a Current Liability ( Telephone Bill Payable Or Accounts Payable ) for the company to pay the telephone bill for the previous month used (Benefits Enjoyed represent Telephone Expense) by the company during that period of time. Telephone Bill Expense a/c $250 Telephone Bill Payable a/c / Accounts payable a/c $250 (Telephone Bill Expense Accrued For The Period) Effect Of $250 Telephone Bill...