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What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What is the journal entry to record a donated asset?
Debit fixed assetsCredit donations / retained earnings
What is journal entry for unrealized loss?
Debit loss accountCredit cash / bank
What are the double entries to record an unrealized gain on a fixed asset?
no entry needed
What is the journal entry for donated cash?
[Debit] Cash [Credit] Donations
What is the journal entry to record sale of donated assets?
[Debit] Cash / bank xxxx [Credit] Sale of donated asset xxxx
What is the journal entry to record a donated asset?
Debit fixed assetsCredit donations / retained earnings
What is journal entry for unrealized loss?
Debit loss accountCredit cash / bank
What are the double entries to record an unrealized gain on a fixed asset?
no entry needed
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is the journal entry for donated cash?
[Debit] Cash [Credit] Donations
What is the journal entry for car donated to business?
[Debit] Donated Car [Credit] Owner equity or retained earnings
What is the purpose of journal entry?
A journal records what you're findings are
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
What is the journal entry for accepting a donated piece of equipment?
debit equipmentcredit donation
What is the Journal Entry for receiving a donated asset from City Government?
[Debit] Donated Assets [Credit] Retained Earning / OE
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
