How do you journalize "rented office equipment to _____ for ______"
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How do you journalize "rented office equipment to _____ for ______"
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.
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