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What journal entry do you use for a sale when a credit card is used?
Wiki User
∙ 9y ago
Debit bank
Credit sales revenue
Wiki User
∙ 9y ago
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What is the Journal entry for sale on credit?
Debit accounts receivable xxxx credit sales revenue xxxx
What needs to happen when recording a journal entry for a sale account?
When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.
Journal entry of sale return?
[Debit] Sales Return [Credit] Accounts receivable / Cash
How do you record journal entry of SALE land on credit?
debit accounts receivablecredit land account
What is the Journal entry for loss on sale of equipment?
[Debit] Loss on sale of equipment xxxx [Credit] Asset account xxxx
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What is the Journal entry for sale on credit with VAT?
debit Accounts receivablecredit sales revenueCredit VAT payable
How do you record adjusting journal entry for credit sale?
Type your answer here... party a/c Dr. to sales
What need to happen when recording a journal entry for a sale on account?
What needs to happen when recording a Journal Entry for a sale on account
How do you record a journal entry for a sale of a building?
Debit cash / bank xxxx credit building account xxxx
How do you post a journal entry for sale of a vehicle with depreciation?
debit cash / bankdebit accumulated depreciationdebit loss on sale (if any)credit assetcredit profit on sale (if any)
What is the journal entry to record sale of obsolete inventory?
Debit cash / bankdebit loss (if any)Credit inventory account
