0
debit Cash
credit notes payable
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
What are the accounting journal entries to record the purchase of land on a note?
debit land accountcredit notes payable
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
What is the journal entry to record accrued interest income from note receivable?
[Debit] Accrued interest income [Credit] Notes payable
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
What is the journal entry to made a down payment of cash and issued note payable?
cash book
What is the journal entry for borrow from bank and signed note payable in return?
Entry 1 [Debit] Cash xxxx [Credit] Bank xxxx Entry 2 [Debit] Bank xxxx [Credit] Notes payable xxxx
What are the accounting journal entries to record the purchase of land on a note?
debit land accountcredit notes payable
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
What is the solution to P14-6 intermediate accounting 12th edition?
At January 1, 2011, Brant Cargo acquired equipment by issuing a five-year, $150,000 (payable at maturity), 4% note. The market rate of interest for notes of similar risk is 10%. Required: 1. Prepare the journal entry for Brant Cargo to record the purchase of the equipment. 2. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2011. 3. Prepare the journal entry for Brant Cargo to record the interest at December 31, 2012.
What is entry for new note payable?
[Debit] Goods purchased [Credit] notes payable / accounts payable
How do you do a journal entry for sale of equipment with a promissary note?
debit equipment accountcredit promisary note
What are the accounting journal entries for payment in kind interest on a note?
debit interest in kindcredit notes payable
What did a journal entry from the year 1492 look like?
A journal looks like folder, note book ,and a diary
