by Theresa on October 7th, 2009

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If I am making general journal entries for rent and the rent is income to the landlord do I enter the rent as a credit to "rental income" and debit "owners capital" to balance?

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If I am making general journal entries for rent and the rent is income to the landlord do I enter the rent as a credit to "rental income" and debit "owners capital" to balance?

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If I am making general journal entries for rent and the rent is income to the landlord do I enter the rent as a credit to "rental income" and debit "owners capital" to balance?

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