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outstanding rent
Debit prepaid rent and credit cash.
Debit rentCredit bank
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
outstanding rent
debit rent expense and credit cash
Debit prepaid rent and credit cash.
Debit rentCredit bank
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
Debit prepaid rentCredit bank
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
car rent a/c DR to cash a/c CR [ being expenses paid ]
debit rent expense 1500credit cash 500credit bank 1000