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Using Rubrics to Assess Journal Entries Tennessee State  Form

Using Rubrics to Assess Journal Entries Tennessee State Form

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what is a journal entry a journal entry or je is a record of a transaction it looks like this at the top we have the journal number unique to the journal at the bottom we have a short description explaining what the transaction is in the middle we have the posting date this affects the accounting period that the transaction Falls in then we have the names of the accounts that we're posting to cash and owner's equity as usual debits go on the left and credits go on the right we tend to indent the name of the account being credited total debits must equal total credits because every accounting entry has an opposite corresponding entry in a different account

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