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What is the journal entry for office equipment purchased for 3000 Half was paid in cash the remaining balance will be paid in 30 days?
[Debit] Office Equipment 3000
[Credit] Cash 1500
[Credit] Accounts Payable 1500
When remaining amount paid after 30 days
[Debit] Accounts Payable 1500
[Credit] Cash 1500
What else can I help you with?
Which Journal entry is used to record equipment purchased on account?
debit equipmentcredit accounts payable
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
Jefferson Corporation purchased equipment on account. What journal entry should be made.?
equipment debitaccount payable creditthis isif any problem in accounting i am here
Does the general journal have to balance?
Any journal has to balance.
In which journal is the return of supplies purchased on account recorded?
General Journal
Which Journal entry is used to record equipment purchased on account?
debit equipmentcredit accounts payable
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
How would you enter the following data into a T account in a journal entry Purchased equipment for 9000 Paid 1500 cash and the balance was 375 dollars for 20 months?
Debit Equipment 9000 Credit Cash 1500 Credit Account payable 7500
What are the journal entries if the equipment ac in the ledger shows a balance of 37000 but is recorded in the trial balance as 39000 on debit side?
Suspense a/c Dr 2000 To Equipment a/c 2000
Jefferson Corporation purchased equipment on account. What journal entry should be made.?
equipment debitaccount payable creditthis isif any problem in accounting i am here
Does the general journal have to balance?
Any journal has to balance.
In which journal is the return of supplies purchased on account recorded?
General Journal
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.
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
What kind of Journal entry for purchased 70000 in equipment paid 20000 cash and remainder will be paid in six months?
debit purchases 70000credit cash 20000credit accounts payable 50000
Journal entry for purchases?
Example 1: A company purchased $12,000 equipment and paid in cash.Debit Equipment $12,000 (Increase in asset)Credit Bank $12,000 (Decrease in asset)Example 2: A company purchased $12,000 equipment in credit.Debit Equipment $12,000 (Increase in asset)Credit Supplier $12,000 (Increase in Liability)Example 3: A company purchased $12,000 equipment and paid in $10,000 Cast and $2,000 on credit.Debit Equipment $ 12,000 (Increase in asset)Credit Bank $ 10,000 (Decrease in asset)Credit Supplier $ 2,000 (Increase in Liability)
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
