Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is the journal entry when payment is received for rent?

Updated: 4/28/2022

Wiki User

∙ 10y ago

Best Answer

Rent Received Account Dr

To Cash/ Bank

Wiki User

∙ 10y ago

This answer is:

More answers

Wiki User

∙ 9y ago

debit cash
credit rent income

This answer is:

Add your answer:

Earn +20 pts

Q: What is the journal entry when payment is received for rent?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

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 for rent with no cash payment?

Debit rent expenseCredit rent payable

What is journal entry for rend received?

[Debit] CashCredit Rent Received / Rent Revenue

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.

How do you enter rent received and rent receivable in accounts?

Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable

Related questions

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 for rent with no cash payment?

Debit rent expenseCredit rent payable

What is journal entry for rend received?

[Debit] CashCredit Rent Received / Rent Revenue

How do you rent payment pass the journal entry?

debit rent expensecredit cash / bank

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.

How do you enter rent received and rent receivable in accounts?

Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable

Journal entry for rent received in advance?

Cash A/C Dr To Rent Received in Advance A/C

How do you make journal entry for rent recevied from mr x?

Rent received a/c debit to cahs or bank a/c credit

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 for rent billed but will not be collected?

Debit rent receivableCredit rent income

What will be the journal entry for unexpired rent?

debit unexpired rentcredit prepaid rent

What is the Journal entry for outstanding rent?

debit rent expensecredit rent payable

Trending Questions

How is net income measured on an income statement? What is the sales tax for broward county? Which is highest Income Tax paying city of India? What are the financial costs associated with inefficient search techniques? What is balance in spot? You receive an 18 percent discount on a purchase that would have normally cost 350.00 How much did you spend on the purchase before tax? How do you report delinquency to credit bureaus? What happens if revenue is less than expenses? What does UA DTD mean on a Charles Schwab trust account statement? What does reference number 9024 to the IRS mean? What is the purpose of applying overhead costs to work in process? What is the best website to use to file taxes online? What is the weapon system cost of this system? What is the breakeven point in terms of both units sold and sales revenue? What statement about heat flow is true? What is the Texas' tax percentage? What is accrued time off? What are the techniques used in management accounting? What does SO stand for on a bank statement? Is this grammatically correct.Kindly find attached credit note of yours?

Still have questions?

imp

Previously Viewed

What is the journal entry when payment is received for rent?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.