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Sample General Journal Form

Sample General Journal Form

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Instructions and help about sample general journal

okay let's go ahead and do some journal entries number one invested $100 cash in business okay so we know we have cash coming in the business now remember whenever we're doing journal entries we're doing them from the perspective of the business and not from the perspective of the owner or the customer or something like that we're always doing this from the uh perspective of the business so in number one we invest $100 cash in the business so we know we receive cash cash is an asset set so cash going up we have to debit it so cash goes up $100 and we have our Equity going up which in this case we call capital and capital we're going to credit for $100 and that's the first journal entry number two we have purchased used car for $22,000 now do we have cash in this trans transaction the answer is yes we have $2,000 going out um so we know we're going to credit cash what's coming in what's coming into the business is t

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