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Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
What is the journal entry for purchasing finished goods?
Purchases a/c dr Accounts Payable cr
What is the journal entry for unsubscribe capital stock?
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
What is the journal entry that are paid on behalf the expenses not belong to company expenses?
There is no general entry for those expenses which are not belongs to company's normal operating business activities and no entry required.
Ceiling Company purchased 1430000 6 percent bonds issued by Melissa Company on January 1 The purchase price of the bonds was 1480000 How to record journal entry for purchasing bonds?
[Debit] Investment in Melissa Company 1480000 [Credit]Cash/Bank 1480000
What is the journal entry in purchasing software?
The journal entry for purchasing software involves debiting the software asset account to reflect the cost of the software and crediting the cash or accounts payable account depending on the method of payment. This entry recognizes the increase in assets due to the software purchase and the corresponding decrease in cash or increase in liabilities.
What is the journal entry for parent company paid rent to holding company?
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
Paid 600 to Royal Company on account. what is the journal entry of this transaction?
The journal entry is Account Payable - Royal Company (debit) 600 Cash (credit) 600
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.
If a company gives a director a loan of 15000 how do I record a general journal entry?
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
What is the journal entry for purchasing finished goods?
Purchases a/c dr Accounts Payable cr
What is the journal entry for unsubscribe capital stock?
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
What is the journal entry to write off a loan to a company?
debit Retained earningscredit loan to company
What is the journal entry that are paid on behalf the expenses not belong to company expenses?
There is no general entry for those expenses which are not belongs to company's normal operating business activities and no entry required.
Ceiling Company purchased 1430000 6 percent bonds issued by Melissa Company on January 1 The purchase price of the bonds was 1480000 How to record journal entry for purchasing bonds?
[Debit] Investment in Melissa Company 1480000 [Credit]Cash/Bank 1480000
What is the proper journal entry for purchasing a computer on account?
[Debit] Computer Asset Account [Credit] Accounts payable account
Types of books of original entry?
cash book, petty cash book, returns inwards journal, returns outwards journal, yes
