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rent due to landlord
Wiki User
∙ 11y ago
Wiki User
∙ 9y agodebit cash
credit rent income
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Rent expense cost of sales?
Rent expense is considered an overhead cost, not a cost of sales since it does not directly relate to the merchandise you are selling. Any prepaid rent (such as at the beginning of the month) should receive a journal entry debit to an account called prepaid rent, and at the end of the month should be credited to rent expense. Hope this helps.
Where can I find low income houses for rent in Atlanta?
Contacting the local housing authority in Atlanta can provide you with a list of low income houses for rent.
Is rent collected from the lease of a residential building taxable?
Of course. All income is taxable and rent received for anything is taxable income. You will file this on Schedule E of your 1040 tax return.
How Joel earns 1700 per month If he spends 425 on rent each month . what percent of his income does he spend on rent?
It is: 25%
How old do you have to be to rent an apartment in BC?
A person has to be at least 19 years old to rent an apartment in BC, Canada. A person who wants to rent in BC also needs to have an income.
What is journal entry rent income accured?
[Debit] rent income receivable [Credit] rent income
What is the journal entry for rent billed but will not be collected?
Debit rent receivableCredit rent income
What the journal entry when a party recived lease rent from other party?
debit cash / bankcredit Rent income
What is the journal entry when payment is received for rent?
Rent Received Account Dr To Cash/ Bank
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.
Journal entry for rent received in advance?
Cash A/C Dr To Rent Received in Advance A/C
What is the journal entry to give a car for rent?
No entry for giving car on rent rather entry is recorded when rent is received from customer.
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
What is the journal entry if you get some money to vacate the rented store room?
You would debit bank and credit rent payable (this will reduce the overall rent) or other income.
What is the journal entry for rent with no cash payment?
Debit rent expenseCredit rent payable
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What will be the journal entry for unexpired rent?
debit unexpired rentcredit prepaid rent
