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What is the journal entry for rent with no cash payment?
Debit rent expenseCredit rent payable
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
What is the journal entry for paid rent for the month?
The journal entry for paid rent for the month typically involves debiting the Rent Expense account and crediting the Cash account. For example, if the rent payment is $1,000, the entry would be: Debit Rent Expense $1,000 Credit Cash $1,000 This reflects the expense incurred for using the property and the reduction in cash due to the payment.
How do you pass journal entry for prepaid rent?
Prepaid rent A/c Dr To, Rent A/C
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What is journal entry for rent paid to mohan?
The journal entry for rent paid to Mohan would be recorded as follows: Debit Rent Expense (for the amount paid) Credit Cash or Bank (for the same amount) This entry reflects the expense incurred for using the property and the reduction in cash or bank balance due to the payment.
What is the journal entry to give a car for rent?
No entry for giving car on rent rather entry is recorded when rent is received from customer.
What is the journal entry for parent company paid rent to holding company?
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
What is the journal entry for rent billed but will not be collected?
Debit rent receivableCredit rent income
What will be the journal entry for unexpired rent?
debit unexpired rentcredit prepaid rent
What is the Journal entry for outstanding rent?
debit rent expensecredit rent payable
What is the Journal entry for outstanding rent paid?
outstanding rent
