answersLogoWhite

0

How do you record a journal entry for sale on account?

Updated: 8/17/2019
User Avatar

Wiki User

9y ago

Best Answer

Debit accounts receivable
Credit sales revenue

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you record a journal entry for sale on account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you record journal entry of SALE land on credit?

debit accounts receivablecredit land account


What is the format of the a journal entry to record the sale of inventory on account?

debit accounts receivablecredit sales revenue


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 a sale of a building?

Debit cash / bank xxxx credit building account xxxx


What is the journal entry to record sale of obsolete inventory?

Debit cash / bankdebit loss (if any)Credit inventory account


Merchandise with a sale price of 500 is sold on account with the terms 2 10 n 30 The journal entry to record the sale would include a?

490


What needs to happen when recording a journal entry for a sale account?

When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.


How do you record a journal entry for sale of equipment?

Debit cash / bankCredit equipment


What is the journal entry to record the sale of a company vehicle by an outside party for the exact dollar amount as the loan on the books?

debit loan accountcredit asset account


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 on account?

What needs to happen when recording a Journal Entry for a sale on account


How do you post a journal entry for the sale of a vehicle?

Debit cash / bankCredit vehicle account