debit unexpired rent
credit prepaid rent
debit unexpired interestcredit interest paid
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Debit rent expenseCredit rent payable
debit rent expensecredit rent payable
debit unexpired interestcredit interest paid
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
No entry for giving car on rent rather entry is recorded when rent is received from customer.
Parent company journal entry Debit cash | Credit accounts payable - rent Holding company journal entry Debit accounts receivable - rent | Credit cash
Debit rent expenseCredit rent payable
Debit rent receivableCredit rent income
outstanding rent
rent due to landlord
debit rent expensecredit rent payable
debit rent expensecredit cash / bank
debit rent expense and credit cash
cash debit rent in advance credit