1. XYZ A/P received utility invoice # WATER15 on Jan 15th, 2019 for $ XXXXXXXXXXThe detail on the...

Question

1. XYZ A/P received utility invoice # WATER15 on Jan 15th, 2019 for $ XXXXXXXXXXThe detail on the invoice notes $250 is for January 2019 and $250 is for February 2019. How would A/P record invoice # Water15 into the A/P subledger?

2. What is the journal entry resulting from A/P when making the $500.00 payment for invoice # WATER15 on Jan 20th?

3. XYZ France received invoice #15 related to Office Supplies, on March 31, 2018 for €50,000. The invoice includes VAT of €1,000. What is the journal entry to record this invoice into A/P?

4. Employee B has been consistently late with submitting their Corporate Card Expense Reports. Please draft a sample email of how to best escalate & resolve this matter.

5. A $600 invoice for Q1 2019 Office Maintenance dated 2/5/19 is received during the month-end close process in January. Please book the accrual needed for January Maintenance.

6. Walk us through your ideal step-by-step process of month-end close for the AP department.

ap-quiz-bcx1jkmn.docx

Kalaivani · Accepted Answer

Answer to Question 1 , 2 and 3
	Date
	Particulars
	Debit Amount
	Credit Amount
	15.01.2019
	Prepaid Water Bill A/c
	250
	
	
	Water Bill A/c
	250
	
	
	To Water Bill Accounts Payable
	
	500
	
	(Being Water Bill Received for Jan and Feb)
	
	
	
	
	
	 
	20.01.2019
	Water Bill Accounts Payable
	500
	
	
	To Bank / Cash
	
	500
	
	(Being Water Bill Paid)
	
	
	
	
	
	
	31.03.2018
	Office Supplies A/c
	49000
	
	
	VAT on purchases
	1000
	
	
	To Office Supplies Accounts Payable
	
	50000
	
	(Being Bill received for office supplies including VAT)
	
	
Answer to Question 4
Dear B,
We have been noticing for a while, that the bill submissions for your corporate credit card (Mention Credit Card Number) has been consistently delayed. We would like to know, if you are facing any issues while the submissions,

1. XYZ A/P received utility invoice # WATER15 on Jan 15th, 2019 for $ XXXXXXXXXXThe detail on the invoice notes $250 is for January 2019 and $250 is for February 2019. How would A/P record invoice #...

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