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Ah, isn't that a happy little question! When you purchase rental equipment, you'll want to debit the rental equipment account to record the increase in assets, and credit your cash or Accounts Payable account to show how you paid for it. Remember, journal entries are like painting a picture of your business's financial story - just trust your instincts and let your creativity flow!
What else can I help you with?
What is journal entry for equipment purchase made with cash?
debit equipmentcredit cash
What is the journal entry for cash paid against purchase of equipment?
debit equipmentcredit cash
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.
What is the accounting journal entry for Purchase equipment for 10000 cash?
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What is journal entry for equipment purchase made with cash?
debit equipmentcredit cash
What is the journal entry for cash paid against purchase of equipment?
debit equipmentcredit cash
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.
What is the journal entry for a purchase of equipment when you want to charge half of the cost to the tenant?
[Debit] Equipment [Credit] Cash / bank (half) [Credit] Tenant
What is the accounting journal entry for Purchase equipment for 10000 cash?
Equipment (asset account) - DR 10,000 Cash / Bank account - CR 10,000
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What is journal entry owner widraws equipment from business?
debit drawingscredit equipment
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What is the journal entry for a purchase purchased on account of 54780?
what is the journal entry for purchase returns
What is the journal entry for purchase returns?
[Debit] Purchase Return [Credit] Purchases
What is the journal entry for purchase of a business?
debit assetsCredit liabilitiesCredit cash
What is a journal entry to buy equipment with common stock?
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
