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How do you prepare the adjusting journal entry to write off bad debt?

Anonymous

∙ 10y ago

Updated: 9/19/2023

debit bad debts account
credit accounts receivable

Wiki User

∙ 10y ago

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How do you write Journal entry for equipment rent to somebody?

There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.

How do you write a journal entry for the purchase of goods with a rebate?

Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?

What is the journal entry to write off goodwill?

Debit retained earnings / amortizationCredit goodwill account

What is the general ledger journal entry to write stale checks?

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.

What is the journal entry to write off financing costs?

Debit amortization of financing costCredit financing cost

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How do you write Journal entry for equipment rent to somebody?

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How do you write a journal entry for the purchase of goods with a rebate?

Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?

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