Journalizing for Office Equipment Rental

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» Journalizing for Office Equipment Rental

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Feb 26, 2007, 04:16 PM

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scn0681 is offline

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Journalizing for Office Equipment Rental

How do you journalize "rented office equipment to _____ for ______"

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Feb 28, 2007, 12:43 AM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	If I rent office equipment to George, my JE would be: Dr. Cash/AR Cr. Revenue I am making money by renting the equipment to you. There also would be amortization on my side, but I am assuming the above JE is what you are looking for.

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