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[Debit] Goods purchased
[Credit] notes payable / Accounts Payable
What else can I help you with?
What the journal entry to record a note payable?
debit Cashcredit notes payable
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
What is the journal entry to made a down payment of cash and issued note payable?
cash book
Is salary payable a asset or liability?
The key word is "payable". This makes salary payable a liability until it is fully paid. There are two entries for a Salary Payable, the original Journal Entry to record when the payable occurs and the Adjusting Entry to record when the balance is paid. Entry to record: Salary Expense (debit) $$$ Salary Payable (credit) $$$ Entry to pay: Salary Payable (debit) $$$ Cash (credit) $$$ yes
What is the journal entry to record accrued interest income from note receivable?
[Debit] Accrued interest income [Credit] Notes payable
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
What is the Notes payable journal entry?
Debit accounts payableCredit notes payable
What is the journal entry for electricity payable?
Debit electricity expensesCredit expenses payable
Journal entry to record the conversion of an 250 accounts payable to a notes payable?
debit accounts payable 250credit notes payable 250
What are the differences between account payable and note payable?
Account payable is created when goods purchased on credit from vendors but if note is issued to vendor until maturity date to be used to fulfil needs then that note is called notes payable.
