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 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 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 8 plays 0