Recording Journal Entries

1
Recording Journal Entries
16
Supplies
1 3 5
Bank
1 3 5
Letterhead and envelopes cheque 40
12
Equipment
12 0 0 0
A/PWorld Wide Fibre Optics
10 0 0 0
Bank
2 0 0 0
Network software installation issued cheque41
with the balance due in 30 days.

• Indent and enter the credit account(s)

• Enter the date

• Enter the debit account(s)

• Write a brief explanation (at left margin)

• Enter the credit amount(s)

• Enter the debit amount(s)

• Skip a line and complete next entry

2
General Journal Facts
16
3
Opening Journal Entry
1

• Amounts in the opening journal entry are the same
  as amounts on the opening balance sheet