 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Journal entry to record Promotional
We cut gemstones. We did 5 stones for a personal who is a jeweler. We didn't charge him but used it as a promo. How do I record these. I debited the expense account "promotional stones" which account would I credit? If I credit sales it increases it.
Thank you, Michele |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
total earnings $ 200,000 deductions (the only deductiond from the pay are the two listed below) FICA tax withheld $ 14,300 Ferderal Income tax withheld 50,700 only $65,000 of the wages is subject to the Federal and State unemployment taxes the Federal unemployment tax is 0.8% (=.008) the...
My client paid management services 80K fir 6-months services in advance. How we record this transaction in general journal entry? Should I record 'debit to fees for $80K Or Debit to management fees earned for $80K Or Credit to Unearned Management Fees for 80K Or Credit to Management Fees...
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..
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...
I work for a company where the customer has to pay me in advance before getting their product. I have to order the product from the wholesaler after I receive the money. I sold a product for $14.84, $7.00 will be profit, and $7.00 and $0.84 in taxes are going to be sent to the wholesaler for the...
View more questions Search
|
