# 10 11 12 13 Date 1/31/2023 1/31/2023 1/31/2023 T-4+ T-5 1/31/2023 Account Name $ Debit Entry Insaction Reference $ Credit Entry Received a $1,000 bill for utilities consumed in January that will be paid in February. Record the adjusting entry. Company employees earn 8,000 in salaries in the second half of January to be paid in February. Record the adjusting entry. Record one month of depreciation on the building and the equipment. Record the adjusting entry. Depreciation Expense Accumulated Deprication
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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