Dr Rent Expense
Cr Accrued Rent Expense (L)
(Rent Due)
then
Dr Accrued Rent Expense (L)
Cr Bank
(When it is paid)
rene a/c .....................Dr.
To cash
Debit prepaid rent xxxx
credit cash / bank xxxx
Debit rent expense
Credit rent payable
Debit rent expense
Credit cash / bank
debit rent expense
credit rent payable
debit rent expense
credit cash
outstanding rent
debit rent expense and credit cash
Debit prepaid rent and credit cash.
Debit rentCredit bank
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
Debit prepaid rentCredit bank
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
car rent a/c DR to cash a/c CR [ being expenses paid ]
debit rent expense 1500credit cash 500credit bank 1000