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.