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What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
What is the journal entry for rent with no cash payment?
Debit rent expenseCredit rent payable
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
What are the proper Accounting journal entries for dividends payable?
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
What is the journal entry for issued a note payable?
debit accounts payablecredit notes payable
What is the journal entry for purchase and made a down payment of cash and issued a note payable?
[Debit] Purchases xxxx [Credit] Cash/bank xxxx (For Down payment) [Credit] Notes Payable xxxx
What is the journal entry for rent with no cash payment?
Debit rent expenseCredit rent payable
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
What is the journal entry for booking a car purchase?
Credit Bank or Accounts Payable, Debit Fixed Assets.
What are the proper Accounting journal entries for dividends payable?
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
What is journal entry passed on payment by cheque to vendor?
[Debit] Accounts payable xxxx [Credit] bank account xxxx
How do you journalize a payment in kind journal entry?
issued check for newspaper advertising for $200
What is the journal entry when cheque issued to creditors is dishonoured?
[Debit] Bank account xxxx [Credit] Accounts payable account xxxx
What entry records the payment of an account payable?
The entry to record the payment of an account payable typically involves debiting the Accounts Payable account to decrease the liability and crediting the Cash account to reflect the outflow of cash. For example, if a company pays $1,000 to settle an account payable, the journal entry would be: Debit Accounts Payable $1,000 and Credit Cash $1,000. This entry reflects that the company has fulfilled its obligation, and cash has been reduced accordingly.
What is the Notes payable journal entry?
Debit accounts payableCredit notes payable
What the journal entry to record a note payable?
debit Cashcredit notes payable
