Record of Equipment on Loan from the University Accounting Office Form

Instructions and help about Record Of Equipment On Loan From The University Accounting Office

in this presentation we will take a look at our second method our second approach to the recording of equipment within QuickBooks for more accounting information and accounting courses visit our website at accounting instruction dot info this will in essence be our second method we will have it'll be both the second and the third method in which case we will have entered the equipment as the fixed asset and record the loan we'll talk about that in terms of the second method how to record the equipment if we record the loan related to it as well and then in the next section we'll talk about what to do about that loan that we will have so our goal here is this we have equipment that cost the 15,000 we paid the 9000 for EDD for it and financed the 6000 if we see what happened on our check register we know based on our cash basis method that 9000 cleared the bank that's what started this whole discussion we saw who 9000 cleared the bank we asked the client about it said that's a pretty lar