Ask Experts Questions for FREE Help !
Ask
    scn0681's Avatar
    scn0681 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 26, 2007, 05:16 PM
    Journalizing for Office Equipment Rental
    How do you journalize "rented office equipment to _____ for ______"
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Feb 28, 2007, 01:43 AM
    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journalizing a transaction [ 1 Answers ]

How do you journalize the transaction "Cash fees earned for May 1-16"

Journalizing the receipt of cash [ 1 Answers ]

At the end of the day, the cash register tape lists $827.27 as total income from services. Cash on hand consists of $15.27 in coins, $694.00 in currency, $80 in traveler's checks, and $236.00 in customers' checks. The amount or the change fund is $200. How do I record this in the general...

I Need Help Journalizing These Entries [ 1 Answers ]

I need help journalizing these two entries: If you can help, please let me know MAY 1 2006 23. Served as a disc jockey for a party for $1,560. Received $400, with the remainder due on June 4, 2006. 30. Served as a disc jockey for a charity ball for $1200. Received $600, with the...

View more questions Search