Debit bank
Credit retained earnings
Debit bank accountCredit retained earnings
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
Debit bad debtsCredit accounts receivable
journal entry to write off a loan
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
we start it with a date,write about the topic using ''I''
Journal Entry: Orientation Reflection
dear ........................
example suman moters of rs 10000 is write off then what is the entry
Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?
debit Retained earningscredit loan to company
Debit retained earnings / amortizationCredit goodwill account