Wednesday, August 17, 2011

In an adjusting entry I debit an accrued selling expense and credit what account?

The information that is given is that Accrued selling expenses are $3,840. I know that I have to debit the selling expense account, and now i need to credit an account to show that we have incurred a liability...I do not know which account to credit....it has to be a payable rite? But which account?

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