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

Debit cash / bankCredit equipment


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


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 an installment sale?

Installment A/r(dr) Installment sales(cr)


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

debit accounts receivablecredit land 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 happens to your credit on a short sale?

A short sale will have a detrimental affect on your credit record but not as bad as a foreclosure.


What is the format of the a journal entry to record the sale of inventory on account?

debit accounts receivablecredit sales revenue


How do you record adjusting journal entry for credit sale?

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


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

debit equipment accountcredit cash / bank


What is the journal entry to record sale of merchandise?

Debit accounts receivable / cash / bankCredit sales revenue