Owner purchased equipments . The price was $15000 , which the seller agreed with the owner to pay through a 3 months , 10% notes payable .

Question from text book for Carol's sole proprietorship. Enter this into journal: Opened an agency by investing the following assets at their fair market values: land 37,500 and building 112,500. The business should also assume responsibility for a 90,000 promissory note that was given to the...

How would I make a journal entry for this question : Purchased land and an office building for $150,000, of which $120,000 was attributable to the fair market value of the building. A $50,000 cash down-payment was made and a 6% five-year note was signed for the balance. Interest and 20% of the...

Sold equipment in exchange for $55,000 cash plus receipt of a $25,000, 120-day, 6% note. The equipment had cost $96,000 and had accumulated depreciation of $10,000.

Rent owed on the copy shop for the month of September was $600 but will not be paid until October. Would I journalize it under accounts payable dr and rent payabel cr.