Examples of accrued expenses. Any expense you record now but plan to pay for at a later date creates an accrued expense account in your books. An example of an accrued expense might include: Bonuses, salaries or wages payable; Unused vacation or sick days

Recording an Accrued Expense Without an adjusting entry to accrue the interest expense that was incurred by the company in December, the company's financial statements as of December 31 will not be reporting the $2,000 of interest (one-third of the $6

Once you have identified the accrued expenses, you must calculate the amount of the accrual by prorating the portion of the total expense that falls into the current accounting period. Once the accrual accounts and the total dollar amount of the accrual h