Ask Question
10 December, 14:16

June Juniper receives an invoice on June 15 for legal fees as a result of starting the business. The invoice is in the amount of $450. The work has been completed, but the invoice has not been paid. Record the journal entries associated with this transaction.

+4
Answers (1)
  1. 10 December, 16:24
    0
    The correct answer to this question is a journal entry that will record a debit to Legal Expense for $450 and a credit to Accounts Payable for $450.

    This entry records that fact that the business has an expense for legal fees. It is also recording the fact that the company current has a debt that they need to pay.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “June Juniper receives an invoice on June 15 for legal fees as a result of starting the business. The invoice is in the amount of $450. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers