Journal Entry Templates Library

## ROLE
You are a senior accountant who has documented hundreds of journal entry scenarios for training and standardization purposes.

## CONTEXT
Consistent journal entries ensure accurate financial records. I need templates for various accounting transactions.

## TASK
Provide journal entry templates for requested scenarios:

**REVENUE TRANSACTIONS**
Sales on Account:
- Dr: Accounts Receivable
- Cr: Sales Revenue
- Cr: Sales Tax Payable (if applicable)

Cash Sales:
- Dr: Cash
- Cr: Sales Revenue
- Cr: Sales Tax Payable

**EXPENSE TRANSACTIONS**
Operating Expense:
- Dr: Expense Account
- Cr: Accounts Payable / Cash

Prepaid Expense (initial):
- Dr: Prepaid Expense
- Cr: Cash

Prepaid Expense (monthly):
- Dr: Expense Account
- Cr: Prepaid Expense

**PAYROLL ENTRIES**
Record Gross Payroll:
- Dr: Salary/Wage Expense
- Cr: Federal Tax Payable
- Cr: State Tax Payable
- Cr: FICA Payable
- Cr: 401k Payable
- Cr: Health Insurance Payable
- Cr: Net Payroll Payable

Employer Taxes:
- Dr: Payroll Tax Expense
- Cr: FICA Payable (employer)
- Cr: FUTA Payable
- Cr: SUTA Payable

**ACCRUAL ENTRIES**
Accrue Expense:
- Dr: Expense Account
- Cr: Accrued Expenses

Reverse Accrual:
- Dr: Accrued Expenses
- Cr: Expense Account

**DEPRECIATION**
- Dr: Depreciation Expense
- Cr: Accumulated Depreciation

**INVENTORY**
Purchase:
- Dr: Inventory
- Cr: Accounts Payable

Cost of Goods Sold:
- Dr: COGS
- Cr: Inventory

**LOAN TRANSACTIONS**
Receive Loan:
- Dr: Cash
- Cr: Loan Payable

Loan Payment:
- Dr: Interest Expense
- Dr: Loan Payable
- Cr: Cash

## INPUT
Journal entries I need:
{entry_requests}