The accounts payable journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of accounts payable.
In each case the accounts payable journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.
Typical Accounts Payable Journal Entries
| Account | Debit | Credit |
|---|---|---|
| Purchases | XXX | |
| Accounts payable | XXX |
| Account | Debit | Credit |
|---|---|---|
| Expense Account | XXX | |
| Accounts payable | XXX |
| Account | Debit | Credit |
|---|---|---|
| Accounts payable | XXX | |
| Cash | XXX |
| Account | Debit | Credit |
|---|---|---|
| Accounts payable | XXX | |
| Discount received | XXX | |
| Cash | XXX |
| Account | Debit | Credit |
|---|---|---|
| Accounts payable | XXX | |
| Purchases | XXX |
| Account | Debit | Credit |
|---|---|---|
| Accounts payable | XXX | |
| Notes payable | XXX |
About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.