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What is the journal entry if a company received a donated truck?
Wiki User
∙ 9y ago
debit truck account
credit donation / retained earnings
Wiki User
∙ 9y ago
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Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry for donated cash?
[Debit] Cash [Credit] Donations
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
What is the journal entry to record the unrealized loss on donated stock?
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What wil be the journal entry of dividend received and reinvested?
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
Is a journal entry made on invoices received?
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
What is the journal entry for donated cash?
[Debit] Cash [Credit] Donations
What is the journal entry for bill received?
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
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 for receiving a donated asset from City Government?
[Debit] Donated Assets [Credit] Retained Earning / OE
What is the journal entry to record the unrealized loss on donated stock?
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
What is the journal entry to record a donated asset?
Debit fixed assetsCredit donations / retained earnings
What is the journal entry for parent company paid rent to holding company?
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
