Chapter 6.

Recording Journal Entries

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Enter the date

Chapter 6.1

Recording Journal Entries Date

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Chapter 6.1

Recording Journal Entries Step 2

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Enter the debit account(s)

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies

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Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies

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Enter the debit amount(s)

Chapter 6.1

Recording Journal Entries

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Chapter 6.1

Recording Journal Entries

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Indent and enter the credit account(s)

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank

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Chapter 6.1

Recording Journal Entries

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Enter the credit amount(s)

Chapter 6.1

Recording Journal Entries

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Chapter 6.1

Recording Journal Entries

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Write a brief explanation (at left margin)

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40

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Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40

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Skip a line and complete next entry

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12

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Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment

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Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment

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12 0 0 0

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics

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12 0 0 0

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics

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12 0 0 0 10 0 0 0

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank

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12 0 0 0 10 0 0 0

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank

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1 3 5 1 3 5

12 0 0 0 10 0 0 0 2 0 0 0

Chapter 6.1

Recording Journal Entries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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1 3 5 1 3 5

12 0 0 0 10 0 0 0 2 0 0 0

Chapter 6.1

Recording Journal Journal Entry FactsEntries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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1 3 5 1 3 5

12 0 0 0 10 0 0 0 2 0 0 0

Chapter 6.1

Recording Journal Journal Entry FactsEntries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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Consecutive page numbers

Chapter 6.1

Recording Journal Journal Entry FactsEntries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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Each journal entry balances

Chapter 6.1

Recording Journal Journal Entry FactsEntries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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A compound entry affects more than two accounts

Chapter 6.1

Recording Journal Journal Entry FactsEntries

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Nov. 9 Supplies Bank Letterhead and envelopes; cheque #40 12 Equipment A/PWorld Wide Fibre Optics Bank Network software installation; issued cheque #41 with the balance due in 30 days.

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Account titles are capitalized

Chapter 6.1

Recording Journal The Opening Entry Entries

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Oct. 30 Bank Supplies Equipment Automobile Bank Loan Shirley Cassar, Capital Opening financial position of Shirley Cassar

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1 4 0 0 2 4 2 5 8 7 1 5 19 5 5 0 10 0 0 0 22 0 9 0

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