Debit promissory note
Credit sale of asset
debit equipment accountcredit promisary note
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
a journal entry must include atleast one debit and one credit account to be a legal journal entry.
Debit cash / bankCredit equipment
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
debit equipment accountcredit promisary note
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
a journal entry must include atleast one debit and one credit account to be a legal journal entry.
debit drawingscredit equipment
Debit cash / bankCredit equipment
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
debit drawingscredit office equipment
no cash dr and sales cr
debit equipment loancredit cash / bank
debit equipment accountcredit donation
debit equipment accountcredit cash / bank
debit equipmentcredit cash