Ask Experts Questions for FREE Help !
Ask
    dkamholz's Avatar
    dkamholz Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 10, 2008, 05:47 PM
    Journal entry for prize giveaways
    How do I make a journal entry for a company that purchased inventory to be used as prize giveaways during their grand opening?
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
     
    #2

    Mar 12, 2008, 05:24 PM
    You can put them into advertising expenses.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal entry [ 1 Answers ]

Please let me know if I am on the right track I think my dollar amount could be wrong. My question was, On September 1, the painting service borrows $50,000 from the bank on a 4-month, 6% note. I need to make a journal entry for December 31 before financial statements are prepared. My answer is ...

Journal entry [ 1 Answers ]

Purchased anti-fungal spray for golf shoe rentals for $400 on account.

Journal Entry [ 1 Answers ]

issued a check to a person in the amount of $240 for 25 shares of $10 par value common stock. The stock will be held as treasury stock. What is the journal entry?

Journal Entry [ 2 Answers ]

How do I record the journal entry "Record the weekly deposit of 6,992.10 in the checkbook"? And what journal would I record it in?


View more questions Search