no cash dr and sales cr
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
Debit cash / bankCredit equipment
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
debit equipment loancredit cash / bank
debit equipment accountcredit promisary note
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
Debit cash / bankCredit equipment
debit drawingscredit equipment
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
debit drawingscredit office equipment
debit equipment accountcredit promisary note
debit equipment loancredit cash / bank
debit equipment accountcredit donation
Debit cost of salesCredit cash / bank
debit equipment accountcredit cash / bank
debit equipmentcredit cash
debit equipmentcredit donation