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How do you record journal entry of SALE land on credit?

Anonymous

∙ 10y ago

Updated: 5/9/2025

debit accounts receivable
credit land account

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∙ 10y ago

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What is the journal entry to record sale of donated assets?

[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx

How do you record a journal entry for a sale of a building?

Debit cash / bank xxxx credit building account xxxx

What is the journal entry to record sale of obsolete inventory?

Debit cash / bankdebit loss (if any)Credit inventory account

What journal entry to record sale of inventory?

Debit Cash / bank / accounts receivable xxxx Credit Sales revenue xxxx

How do you record a journal entry for sale of equipment?

Debit cash / bankCredit equipment

Related Questions

How do you record adjusting journal entry for credit sale?

Type your answer here... party a/c Dr. to sales

What is the journal entry to record sale of donated assets?

[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx

How do you record a journal entry for a sale of a building?

Debit cash / bank xxxx credit building account xxxx

What is the journal entry to record sale of obsolete inventory?

Debit cash / bankdebit loss (if any)Credit inventory account

How do you properly record a sales journal entry?

To properly record a sales journal entry, you need to debit the accounts receivable or cash account for the amount of the sale, and credit the sales revenue account. This reflects the increase in assets or cash from the sale, and the revenue earned from the transaction.

What journal entry to record sale of inventory?

Debit Cash / bank / accounts receivable xxxx Credit Sales revenue xxxx

What journal entry will halpin make to record the May 1 sale?

[Debit] Cash / bank / accounts receivable [Credit] Sales Revenue

How do you record a journal entry for sale of equipment?

Debit cash / bankCredit equipment

What is the Journal entry for sale on credit?

Debit accounts receivable xxxx credit sales revenue xxxx

What journal entry is used to record purchase discounts?

It depends on the kind of discount and agreement that has been agreed upon in the sale transaction. Here is an example of a journal entry for discount for a normal credit sale transaction: Accounts receivable 9000 (dr) Discount from sale 500 (dr) Sales 9500 (cr)

How do you record a journal entry for sale on account?

Debit accounts receivableCredit sales revenue

How do you record a journal entry for the cost of a sale?

debit cost of salescredit cash / bank

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