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What is the journal entry for Freight paid in full with a check?

Updated: 9/17/2023

Wiki User

∙ 10y ago

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freight a/c dr

to cash

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∙ 10y ago

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Continue Learning about Accounting

What is paid in full as a journal entry for accounting?

"Paid in full" means that the debt has been met. It's settled.

When an account is paid in full what entry needs to be recorded in the journal?

debit cash bankcredit accounts receivable

What is the journal entry of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] Cash / bank

What is the journal entry of cash received from swati in full settlement?

CASH A/C DR DISCOUNT A/C DR TO SWATHI A/

What is the journal entry for amount received for 50 percent sales?

At the time of actual sales[Debit] Accounts receivable (full amount)[Credit] Sales revenueWhen half amount received[Debit] Cash / bank (half amount)[Credit] Accounts receivable

Related questions

What is paid in full as a journal entry for accounting?

"Paid in full" means that the debt has been met. It's settled.

When an account is paid in full what entry needs to be recorded in the journal?

debit cash bankcredit accounts receivable

What is the journal entry of bought a three year insurance policy and paid in full?

[Debit] Insurance policy Asset [Credit] Cash / bank

What is the journal entry of cash received from swati in full settlement?

CASH A/C DR DISCOUNT A/C DR TO SWATHI A/

What is the journal entry for a 9000 long term loan that will be repayed at 10000 at a later time Also what is the journal entry for repaying this loan in full?

Debit cash / bank 9000Credit long term loan 9000Debit long term loan 9000debit loss on repayment 1000Credit cash /bank 10000

Full form of CFR shipping?

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What tool can you search to find database where a journal is available in full text?

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entry tax full details log on entry taxation .com

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bmc

What does FTL mean in freight business?

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What is the full form of FNR a 11 digit number on the railway receipt?

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