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What are the accounting journal entry to record the exchange of debt for equipment?
Wiki User
∙ 10y ago
[Debit] Debt Account xxxx
[Credit] Asset/Equipment xxxx
Wiki User
∙ 10y ago
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What are the accounting journal entries to record donated equipment?
debit assetcredit donations
What are the accounting journal entries to record installiation of equipment?
debit installation chargescredit cash
What is Journal phase of accounting?
Journal phase of accounting is to journalize the business transaction in Journal as a first record in books of accounts.
What transaction is found first on accounting record?
The "journal" is the first transaction found on the accounting record.
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is recording phase of accounting?
Recording phase of accounting is to record the transactions into journal after transactions occured.
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What the accounting journal entries to record purchase of basketball?
debit basketballcredit cash
What are the accounting journal entries to record the exchange of debt for common stock?
Debit the liability (debt) account and credit Common Stock (for the par value of the shares) and Additional Paid in Capital (for the balance).
What are the accounting journal entries to record non-taxable gifts?
debit giftcredit capital
What is the accounting journal entry to record payment to bondholders?
debit bond holderscredit cash
How do you record a journal entry for donating equipment?
debit equipment accountcredit donation
