06:44duration 6 minutes 44 seconds
journal entry collecting payments and paying…
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?
08:03duration 8 minutes 3 seconds
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?
10:53duration 10 minutes 53 seconds
jounal entry assets
What is the general journal? How do we make journal entries for transactions that increase a company's assets?