Rent Received Account Dr
To Cash/ Bank
Debit rent expenseCredit rent payable
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
[Debit] CashCredit Rent Received / Rent Revenue
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable
Debit rent expenseCredit rent payable
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
[Debit] CashCredit Rent Received / Rent Revenue
debit rent expensecredit cash / bank
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Journal Entry for Rent Received:[Debit] Rent Received[Credit] Cash/bankJournal entry for rent receivable[Debit] Accounts Receivable[Credit] Rent Receivable
Cash A/C Dr To Rent Received in Advance A/C
Rent received a/c debit to cahs or bank a/c credit
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
Debit rent receivableCredit rent income
debit unexpired rentcredit prepaid rent
outstanding rent