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What is the journal entry to write off financing costs?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Debit amortization of financing cost
Credit financing cost

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∙ 11y ago

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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.

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Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?

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Debit retained earnings / amortizationCredit goodwill account

What is the general ledger journal entry to write stale checks?

You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.

What is the journal entry to write off a customer account due to bankruptcy?

Debit bad debtsCredit accounts receivable

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There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.

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What is the general ledger journal entry to write stale checks?

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