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What is the journal entry for donated cash?
[Debit] Cash [Credit] Donations
What is the journal entry for car donated to business?
[Debit] Donated Car [Credit] Owner equity or retained earnings
What is the journal entry for accepting a donated piece of equipment?
debit equipmentcredit donation
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What is the journal entry to record a donated asset?
Debit fixed assetsCredit donations / retained earnings
What is the journal entry if a company received a donated truck?
debit truck accountcredit donation / retained earnings
What will be the journal entry if the invoice is received from supplier?
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
What is the correct journal entry of receiving a company bonus?
Debit bonusCredit cash / bank
What will be the journal entry if you received net commission after deducting prev month gross commission?
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
What is the journal entry to write off a partially depreciated asset that was donated?
Debit accumulated depreciationdebit loss on disposalCredit fixed asset account
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.
