1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
debit equipmentcredit cash
debit equipmentcredit cash
Noting
Cross-footing a cash receipts journal means
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
debit equipmentcredit cash
debit equipmentcredit cash
Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal
Noting
Cross-footing a cash receipts journal means
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
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
Same as "cash register receipt". It is the paper receipt that prints out of the cash register when you purchase an item at a store. Or simply called a receipt.
[Debit] Equipment [Credit] Cash / bank (half) [Credit] Tenant
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
The purchase or receipt of equipment make the equipment (ASSET) account go up. The entry is a debit to equipment and a credit to cash or accounts payable.