For matters dealing with specific payments or bank accounts, the student needs to contact the VA directly through their Education Benefits hotline, 1-888-442-4551. The VA will not discuss a studentâs personal payment issues with the WSU Veterans Coordinator, as this constitutes a violation of the Federal Privacy Act.
Closing entries are journal entries made at the end of an accounting period which transfer the balances of temporary accounts to permanent accounts. Closing entries are based on the account balances in an adjusted trial balance. The permanent account to which balances are transferred depend upon the type of business.
At year-end, I have an expense which was not paid. Therefore, a journal entry was created to debit the expense and credit the balance sheet as other creditors.Post year-end, the expense was paid.This bank transaction entry should be coded to other creditors.ou can amend you previous credit journal from Other Creditors to code 660 Accruals and then follow the same procedure in the new year. You would then explain the bank transaction as normal to the expense category.