debit equipment
credit donation
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
[Debit] Cash [Credit] Donations
[Debit] Donated Car [Credit] Owner equity or retained earnings
[Debit] Donated Assets [Credit] Retained Earning / OE
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
debit drawingscredit equipment
Debit cash / bankCredit equipment
Debit fixed assetsCredit donations / retained earnings
debit truck accountcredit donation / retained earnings
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
debit equipment accountcredit promisary note
debit drawingscredit office equipment