Joouranal entry for loan

reshmigambi Posts: 2, Reputation: 1

New Member

Jun 17, 2010, 04:44 AM

Joouranal entry for loan

Journal entry for loan

pluckyflamingo Posts: 220, Reputation: 17

Full Member

Jun 17, 2010, 07:35 AM

What is the question?

pready Posts: 3,197, Reputation: 207

Ultra Member

Jun 17, 2010, 11:40 AM

Debit cash for the amount received and Credit Notes Payable for the amount

Add your answer here.

Check out some similar questions!

Land loan entry [ 1 Answers ]

We have land appraised at 3,300,000. We took out a loan this week for 1,650,000 against the land. What is the journal entry to set up the asset and liability on the books/

Journal entry for loan [ 2 Answers ]

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

Consolidation loan entry [ 1 Answers ]

What is the journal entry for combining two loans into one? I have researched my accounting books with no luck. HELP! Thank you. The amounts of the existing loans does not equal the amount of the new loan and I realize there is interest included in these amounts, but where do I put the additional...

Journal entry when obtaining a loan [ 1 Answers ]

How do you write the journal entry for the obtaining of a loan? I know I debit Notes payable but I can't remember what to credit