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    jetacct's Avatar
    jetacct Posts: 2, Reputation: 1
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    #1

    Jul 1, 2007, 08:07 PM
    Journal Entry
    What is the journal entry for the purchase of a new car for the company CEO?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jul 1, 2007, 08:30 PM
    Dr. Car
    Cr. Cash

    Assuming that the company still owns this car and is not giving this car to the CEO to use forever.
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