Explore the 1,000’s of tax questions answered by professionals.

JOURNAL ENTRIES

I deposited personal funds to a business bank account for start up capital. Can I take that money out .... ... read on

If a company reports on a cash basis and received a deposit from a customer in one year, but it .... ... read on

On July 1, we sold $735 worth of goods to Lennon Goods plus $53.50 worth of sales tax with payment .... ... read on

What are the journal entries to book $1,000,000 in common stock that is newly issued? ... read on

Do transferred-in costs include beginning inventories? ... read on

If I buy land for 22,000 and have 18,000 in assets, what happens to my books? How do I .... ... read on

What is the proper way to take an asset off the books? ... read on

In the general ledger, how do I treat employees who are also customers? ... read on

In posting to the income statement, how would I handle the entry that states (loss from expropriation of overseas plant .... ... read on

How do you make a short journal entry to close the Fees Earned: $100 and Rent Revenue: $25 accounts on .... ... read on