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If receiving cash from a good or service, the journal entry will be something like the following.
Cash (debit)
Revenue or Income (credit)
If you supply a good or service and the customers is going to pay at a later date, less than a year the journal entry will be similar to the following.
Account Receivable (debit)
Revenue or Income (credit)
What else can I help you with?
What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
What are the accounting journal entries to record non-taxable gifts?
debit giftcredit capital
What are the accounting journal entries to record a prepaid inventory?
Debit prepaid inventoryCredit cash / bank
What are the accounting journal entries to record security deposit?
The accounting journal entries to record a security deposit should be a separate entry titled security deposit. You should include the tenants name, and it should be considered a liability since you will have to return it at some point.
What are the accounting journal entries to record payments to employees for salaries?
Debit salaries expenseCredit cash / bank
What are the accounting journal entries to record income tax payments?
debit income tax paidcredit cash
What the accounting journal entries to record purchase of basketball?
debit basketballcredit cash
What are the accounting journal entries to record donated equipment?
debit assetcredit donations
General journal entries?
Journal Entries are used to record accounting transactions. blady bastered............
What are the accounting journal entries to record installiation of equipment?
debit installation chargescredit cash
What are the accounting journal entries to record non-taxable gifts?
debit giftcredit capital
What are the accounting journal entries to record a prepaid inventory?
Debit prepaid inventoryCredit cash / bank
What are the accounting journal entries to record paid on account?
Debit accounts payableCredit cash / bank
What are the accounting journal entries to record security deposit?
The accounting journal entries to record a security deposit should be a separate entry titled security deposit. You should include the tenants name, and it should be considered a liability since you will have to return it at some point.
What are the accounting journal entries to record payments to employees for salaries?
Debit salaries expenseCredit cash / bank
What are the accounting journal entries to record the purchase of a vehicle with a rebate?
Debit fixed assetCredit cashcredit rebate
What are the accounting journal entries to record a sale of inventory with discount?
debit accounts receivablecredit sales revenue
