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Journal Entries: Collecting cash and paying obligations - ACCT 2005

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  Alena Rodick 192 plays 0  

Journal Entries: Selling Goods - ACCT 2005

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

From  Alena Rodick 104 plays 0  

Adjusting Entries: Prepaid Expenses - ACCT 2005

How do we account for prepaid expenses?

From  Alena Rodick 318 plays 0