debit cash / bankcredit accounts receivable
[Debit] Down payment xxxx [Credit] cash xxxx
cash book
Debit cash in handCredit bank
Debit down paymentCredit Cash
debit cash / bankcredit accounts receivable
debit rent expensecredit cash / bank
what is the entry for an excess payment from customer
[Debit] Down payment xxxx [Credit] cash xxxx
cash book
Debit cash in handCredit bank
Debit down paymentCredit Cash
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
Debit advance payment for assetCredit cash / bank
Cash a/c Dr. To Sales a/c
cash a/c dr bank a/c
Debit supplies inventoryCredit cash / bank