Answer:
repair expense 1,500 debit
cash 1,500 credit
--to record repair expense in the building--
utilities payable 2,000
cash 2,000
--to record the payment of June utilities--
utilities expense 2,500
utilities payable 2,500
-to record the accrued utilities of July--
wages expense 5,475 debit
wages payables 5,475 credit
--to record payment to employees--
Explanation:
We will follow the debit = credit rule.
The expenses will be always posted on the debit side Therefore, the other account are forced to go into credit to balance the entry.
Also, when cash is used to pay something, our cash available decrease thus, we have a decrase in an asset that is recorded under credit
for the other entries we are asumingthe acrual of an expense, whch generates the later obligaion to pay it. Hence, we recongize a liablity which is credited.
