How do I record the principle and Interest for a vehicle purchase?

I have to make accounting module for pharmacy. Tell me whether I'm making rite entry or not Event is "Purchase of stock from manufacture on credit" Account are Manufacture_account Credit Inventory Debit Also tell me what will be its closing entry, is it correct Manufacture_account ...

If I have a 5 year of lease and one month free rent per year, how do I record this? We are used to recording: CR: Other Account receivable DR: rent expense. It seems to me something missing?. Appreciate your help..

I am so stuck! I have spent hours trying to find an Example in my book or on the internet. Here is the question. I have to prepare a journal entry to record the Machine's purchase and the costs to ready and install It. Cash is paid for all costs incurred. Calhoon purchases a used machine...

July 9th Office Supply Corp delivers furniture ($1,060) and expendable office supplies ($160) to Random Leaving an invoice for $1220. The journal entry to record the July 9th transaction will include a credit of $1,220 to what account?? I’m pretty sure that it’s Accounts...