Search for tag: "general journal"

journal entry collecting payments and paying obligations

How do we create journal entries for collecting payments due a company or paying obligations? What is the general process for creating a journal entry?

From  Daniel Holz on October 17th, 2016 7 plays 0  

journal entry sales

How do we create journal entries for the sales of goods or services? How do these sales often lead to compound journal entries?

From  Daniel Holz on October 17th, 2016 8 plays 0  

jounal entry assets

What is the general journal? How do we make journal entries for transactions that increase a company's assets?

From  Daniel Holz on October 17th, 2016 8 plays 0