For example, if your company purchases a piece of machinery with a sticker price of $10,000, which requires payment of a 5-percent sales tax, or $500, plus a delivery charge of $500 -- all three ...

How to Do a Journal Entry for Purchases on a Notes Payable. Unlike an accounts payable debt, a notes payable debt is backed by a promissory note such as a loan agreement or other contract.

Difference between "Chargebacks" and "Adjustment" journal entries. Generally, a chargeback entry will be used when the primary function of a department is providing goods or services. In other cases, ...

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