0
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
Wiki User
∙ 10y ago
[Debit] Purchases xxxx
[Credit] Cash/bank xxxx (For Down payment)
[Credit] Notes Payable xxxx
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
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 when cheque issued to creditors is dishonoured?
[Debit] Bank account xxxx [Credit] Accounts payable account xxxx
What are the accounting journal entries to record a purchase of inventory on credit with payment terms and delivery terms of FOB shipping point?
xx inventory (debit) Account Payable (Credit) Purchased inventory, terms of 2/30 (2/30 means 2%off if you pay full amount in 30 days) When you pay within 30 days, record as follow: Account Payable (Debit) Purchase Discount (Credit) Cash (Credit) Paid with purchase discount, terms of 2/30 issued on xxx
What is the meaning of bills payable and what are the difference between bills payble and accounts payable?
Bill payable means that bill is issued for the clearence in future date. Bill payable is issued for a temporary sattlement to accounts payable. Accounts payable are the creditors of company and which creditors required amount in emergency basis company issue them the note to be used until the actual payment is cleared so bill payable is the temporary document of evidance that amount is owed by company to creditors and creditors can use that note to fulfil their financial needs.
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 when cheque issued to creditors is dishonoured?
[Debit] Bank account xxxx [Credit] Accounts payable account xxxx
What are the accounting journal entries to record a purchase of inventory on credit with payment terms and delivery terms of FOB shipping point?
xx inventory (debit) Account Payable (Credit) Purchased inventory, terms of 2/30 (2/30 means 2%off if you pay full amount in 30 days) When you pay within 30 days, record as follow: Account Payable (Debit) Purchase Discount (Credit) Cash (Credit) Paid with purchase discount, terms of 2/30 issued on xxx
How do you journalize a payment in kind journal entry?
issued check for newspaper advertising for $200
What is the meaning of bills payable and what are the difference between bills payble and accounts payable?
Bill payable means that bill is issued for the clearence in future date. Bill payable is issued for a temporary sattlement to accounts payable. Accounts payable are the creditors of company and which creditors required amount in emergency basis company issue them the note to be used until the actual payment is cleared so bill payable is the temporary document of evidance that amount is owed by company to creditors and creditors can use that note to fulfil their financial needs.
Is it possible for someone to stop payment on an official check?
Define what you mean by "official check." If you mean a government check - no. Once it is issued it is payable on demand.
What are the journal entries for post dated cheques issued?
The journal entries for PDC's issued are the following;1. Debit the Prepaid Expenses a/c.(Rent,etc)2. Credit the PDC Payable a/c.When one PDC becomes due and the chq.encashed;1. Debit the Expenses a/c.(Rent,etc.)2. Credit the Prepaid Expenses a/c.3. Debit the PDC Payable a/c.4. Credit the the Bank a/c.
Notes payable may be issued to creditors to satisfy accounts payable created earlier?
True
Bank issued cashier's checks 4 drawn on Moneygram Payment Systems and made payable to a mortgage company in 2007 how can I obtain digital copies of the cashed checks?
contact bank simple as that
Can a warrant be issued for non payment of car note?
can a warrant be issued for non payment of car note
When was Alaska bought from the Russians on what date?
The purchase was made on 30 March 1867 and the check for payment in full was issued on 1 August 1868.
