0
Debit notes payable
Credit cash /bank
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How do you do a journal entry for sale of equipment with a promissary note?
debit equipment accountcredit promisary note
What did a journal entry from the year 1492 look like?
A journal looks like folder, note book ,and a diary
What the journal entry to record a note payable?
debit Cashcredit notes payable
What is Type of note written by vacationers?
A vacationer may write a postcard to send greetings or updates to friends and family. Additionally, they may write a journal or diary entry to document their experiences and memories during the trip.
How to pass the entry against credit note in our accounts?
In order to credit a customer in the account, a credit note must be issued. After that is done, a journal entry can be made to indicate the credit.
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
What is the journal entry to write off a fully depreciated asset that was donated?
Debit Accumulated Depreciation. Credit the appropriate Fixed Asset account for the originally capitalized amount. Note: Asset retired and donated.
How do you input a journal entry for a sale of equipment with a 90 day note?
debit notes receivablecredit sales account
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 to record accrued interest income from note receivable?
[Debit] Accrued interest income [Credit] Notes payable
How do you input a journal entry for the sale of equipment to include a 90 day promissary note?
Debit promissory noteCredit sale of asset
