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Assuming this is a sale of shares for a business, then Debit cash Credit share capital Being proceeds from sale of shares
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What is journal entry for received cash for services sold?
[Debit] cash / bank xxxx [credit] sales xxxx
How do you pass journal entry for loan received to introduce capital?
Debit cash / bankCredit share capital
How do you prepare the journal entry to issue 100000 in bonds which sold for 98000?
debit cash / bank 98000credit share capital 98000
What would the journal entry be for payment received for goods previously sold on credit?
debit cash / bankcredit accounts receivable
The cash receipts journal will be used for?
all cash received.
Share issue journal entry?
Debit cash / bankCredit share capital
What is the journal entry of Share issue at par?
Debit cash / bankCredit share capital
What is the journal entry of cash received?
debit cash receivedcredit accounts receivable
Journal entry for good sold and check received?
Cash (debit)Income or Revenue (credit)A check is considered cash in accounting and is recorded as such as it is easily converted to cash (or deposited)
What is a cash receipt journal?
cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital
Examples of Cash payments journal and Cash receipts journal?
What_is_a_cash_receipt_journalcash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital All cash payments made by the company.
What is journal entry for share capital paid?
debit share capital accountcredit cash / bank
