Prepaid rent A/c Dr To, Rent A/C
debit prepaid rent
credit rent
prepaid rent a/c dr to rent a/c
1. [Debit] Prepaid Rent xxxx [Credit] Cash xxxx
debit unexpired rentcredit prepaid rent
Debit prepaid rent and credit cash.
prepaid rent a/c dr. to cash a/c
prepaid rent a/c dr to rent a/c
1. [Debit] Prepaid Rent xxxx [Credit] Cash xxxx
debit unexpired rentcredit prepaid rent
Debit prepaid rent and credit cash.
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
[Debit] Prepaid Rent [Credit] Cash Account This entry will be same whether partnership business or other form of company.
Debit prepaid rentCredit bank
debit rent expensecredit cash / bank
[Debit] Prepaid Rent xxxx [Credit] Bank account xxxx
Dr: Prepayment to Suppliers (In Case of Expense, then "Prepaid expense" account will be debited e:g Prepaid Rent) Cr: Bank/Cash
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.