No.
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There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?
Debit retained earnings / amortizationCredit goodwill account
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
Debit amortization of financing costCredit financing cost
The purpose of a reader's response journal entry is to write down your feelings of what you read. If your teacher will be reading it, make sure the entry is appropriate for school.
journal entry to write off a loan
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
we start it with a date,write about the topic using ''I''
Journal Entry: Orientation Reflection
dear ........................
example suman moters of rs 10000 is write off then what is the entry
Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?
Debit bankCredit retained earnings
debit Retained earningscredit loan to company
Debit retained earnings / amortizationCredit goodwill account
Debit notes payableCredit cash /bank