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What is the journal entry for paying off an equipment loan?

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Anonymous

 ∙ 10y ago
Updated: 9/24/2023

debit equipment loan
credit cash / bank

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Wiki User

 ∙ 10y ago

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How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is the journal entry for borrowed loan from ragu?

Loan from ragu A/c dr cash

What will be the journal entry for if bank grand loan to us?

debit cash / bankcredit loan from bank

What is the journal entry for a building purchase loan?

[Debit] bank account [Credit] Building loan

What is the journal entry to record loan received?

debit cash /bankcredit loan payable

Related Questions

What is the journal entry to charge-off a loan?

journal entry to write off a loan

How do you made a journal entry for loan repayment schedule?

There is no journal entry for loan repayment schedule rather journal entry is made when actual payment is done or installment is paid.

What is the journal entry to record interest on a loan?

Journal Entry:Interest on loan a/c xxxxLoan a/c xxxx

What is the journal entry for borrowed loan from ragu?

Loan from ragu A/c dr cash

What is the journal entry when you take out a bank loan?

Debit cash / bankCredit loan from bank

Journal Entry for purchase of vechile on loan loan from finance co?

Bank account DR To Loan account

What is the journal entry to write off a loan to a company?

debit Retained earningscredit loan to company

What is the journal entry for a building purchase loan?

[Debit] bank account [Credit] Building loan

What will be journal entry if a bank gives loan?

bank a/c dr to bank loan a/c

What will be the journal entry for if bank grand loan to us?

debit cash / bankcredit loan from bank

What is the journal entry of transferring unsecured loan to balance sheet?

Debit cash / bankCredit unsecured loan

How do you pass journal entry if company take the loan from bank?

debit cash / bankcredit loan from bank

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