New vehicle (Company vehicle asset account), 200,000. Step J: Complete Journal Entry.Enter a Notation if desired. If we sale furniture or Furniture sale for cash : Furniture is an asset means tangible real account. Bargain Purchase Option – A provision of a lease agreement that allows the lessee to purchase. A guide to creating a Purchases Journal for tracking your expenses. This includes the format, calculation, and an example of how to use it. A debit increases the balance of an asset, expense or loss account and decreases the balance of a liability, equity, revenue or gain account.