0
Debit accounts receivable / cash / bank
Credit sales revenue
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Merchandise is sold for cash The selling price of the merchandise is 3000 and the sale is subject to a 7 state sales tax The journal entry to record the sale would include?
A debit to Cash for $3,000.
Merchandise with a sale price of 500 is sold on account with the terms 2 10 n 30 The journal entry to record the sale would include a?
490
Can you record transactions in 2 journals Example Can sale of merchandise for cash be put in the cash receipts journal and the sales journal?
A sale of merchandise for cash would be: Debit cash or bank account, Credit sales
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
How do you record a journal entry for the cost of a sale?
debit cost of salescredit cash / bank
Merchandise is sold for cash The selling price of the merchandise is 3000 and the sale is subject to a 7 state sales tax The journal entry to record the sale would include?
A debit to Cash for $3,000.
Merchandise with a sale price of 500 is sold on account with the terms 2 10 n 30 The journal entry to record the sale would include a?
490
What is the journal entry to record a sale from inventory with a trade in?
Sales >>>Cash/Accounts Rec/NotesRec Cost of Goods Sold >>>Merchandise Inventory
Can you record transactions in 2 journals Example Can sale of merchandise for cash be put in the cash receipts journal and the sales journal?
A sale of merchandise for cash would be: Debit cash or bank account, Credit sales
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you record a journal entry for the cost of a sale?
debit cost of salescredit cash / bank
How do you record journal entry of SALE land on credit?
debit accounts receivablecredit land account
How do you record a journal entry for an installment sale?
Installment A/r(dr) Installment sales(cr)
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
How do you record a journal entry for a purchace of equipment at a fire sale?
debit equipment accountcredit cash / bank
