Noodlecake pays $300 cash to create the company's logo. The journal entry to record this transaction would include a credit to cash and debit to logo/trademarks for $300.
Journal Entry: An accounting book's journal entry serves as a record of a company's financial transactions. An accurate date, the sums to be debited and credited, a description of the transaction, and an individual reference number are all required components of a properly recorded journal entry.
Noodlecake pays $300 cash to create the company's logo. The journal entry to record this transaction would include a credit to cash and debit to logo/trademarks for $300.
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