In other cases, one department will make a purchase, for example supplies expense, which will be shared among several others. The appropriate journal entry for this would ... via the Controller's ...

TechInvest would make the following accounting entries: In 2026, Software Innovations experienced an unexpected downturn and reported a net loss of $1 million while forgoing its dividend.

Other examples include tax and ... Under accrual accounting, the company consuming the electricity would make a journal entry to record the cost of this yet-to-be-paid-for service as an accrued ...