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Type: Posts; User: babes08

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  1. Answers
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    625

    Accounting for insurance renewal

    On oct 2007 I renewed the insurance for my car, I received the new policy and the amount is 13,000 for 13 months. I only paid the said amount early 2008. What would be my entry on oct and Dec 31,...
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    597

    Acquisition of property on installment basis

    Nov 1, 2007 I acquire one property in installment basis payable in 3 years or 36 months.
    67, 000 purchase price
    6700 Down payment
    60, 300 Loan amount
    8, 172 Total...
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    2
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    2,144

    Journal entry for loan

    How to post entry when I acquired car loan with 4% interest payable in 3 years?
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