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Debit cash / bank
Credit equipment
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What is the Journal entry for loss on sale of equipment?
[Debit] Loss on sale of equipment xxxx [Credit] Asset account xxxx
How do you do a journal entry for sale of equipment with a promissary note?
debit equipment accountcredit promisary note
How do you record a journal entry for the cost of a sale?
debit cost of salescredit cash / bank
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
How do you record a journal entry for an installment sale?
Installment A/r(dr) Installment sales(cr)
How do you record a journal entry for a purchace of equipment at a fire sale?
debit equipment accountcredit cash / bank
What is the Journal entry for loss on sale of equipment?
[Debit] Loss on sale of equipment xxxx [Credit] Asset account xxxx
How do you do a journal entry for sale of equipment with a promissary note?
debit equipment accountcredit promisary note
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you record a journal entry for the cost of a sale?
debit cost of salescredit cash / bank
How do you record journal entry of SALE land on credit?
debit accounts receivablecredit land account
How do you record a journal entry for an installment sale?
Installment A/r(dr) Installment sales(cr)
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
How do you input a journal entry for the sale of equipment to include a 90 day promissary note?
Debit promissory noteCredit sale of asset
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
How do you record adjusting journal entry for credit sale?
Type your answer here... party a/c Dr. to sales
What is the format of the a journal entry to record the sale of inventory on account?
debit accounts receivablecredit sales revenue
