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scn0681
Feb 26, 2007, 05:16 PM
How do you journalize "rented office equipment to _____ for ______"

CaptainForest
Feb 28, 2007, 01:43 AM
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.