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What are the Journal entries to record the sale of a subsidiary?

Updated: 9/27/2023

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Continue Learning about Accounting

What are the two journal entries necessary to record a sale?

debit cash / accounts receivablecredit sales

What are journal entries for sale of vehicle for a non profit entity?

debit cashcredit vehicle

What are journal entries for sale of vehicle for non profit?

debit cash / bankcredit vehicle account

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

Debit cash / bankCredit equipment

How do you record a journal entry for the cost of a sale?

debit cost of salescredit cash / bank

Related questions

What are the Journal entries for a sale of subsidiary?

There are several important journal entries for the sale of a subsidiary. These include: Fixed assets, current assets, current liability, deferred tax liability, and goodwill.

What are the two journal entries necessary to record a sale?

debit cash / accounts receivablecredit sales

What are the accounting journal entries to record a sale of inventory with discount?

debit accounts receivablecredit sales revenue

What are journal entries for sale of vehicle for a non profit entity?

debit cashcredit vehicle

What are journal entries for sale of vehicle for non profit?

debit cash / bankcredit vehicle account

What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise?

Merchandising, Recording Purchases of Merchandise, Recording Sales of Merchandise, Income Statement Presentation Operations, and Evaluating Profitability.

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

Debit cash / bankCredit equipment

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

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 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)

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