How to Enter Transactions into the General Journal in Accounting

I show you how easy it is to enter transactions into the General Journal in Accounting.
#accounting #journalentry #transaction
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[@ProfessorCapko]

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[@heyitstumi]

or if an owner contributes a vehicle and doesn’t purchase?

[@ProfessorCapko]

Hi there. I have a video that shows how to account for an owner contributing equipment in exchange for stock. In this video, it is photography equipment, but a vehicle would be treated the same way: kzbin.info/www/bejne/sHypl4GMjJqmj9Usi=Wl7c-CwKykDJKQup

[@heyitstumi]

hello, how would I record the transaction if there is an irrecoverable debt?

[@heyitstumi]

does that mean it debt and credit won’t balance?

[@ProfessorCapko]

If you are referring to writing off a bad debt, this video here will be helpful to you: kzbin.info/www/bejne/eIuTYqSmfsihjs0

[@ProfessorCapko]

I believe she is asking about writing off a bad debt, i.e. one that is not going to be recovered.