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help me appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page;
help me appropriate accounts to record to as you are
analyzing and journaling transactions for this
workbook. There is nothing to complete on this page;
this is simply a resource for you. Journal Entry Tips
The debited account is recorded first, credited account recorded second.
Debits and credits must always equal!
There can be compound entries in which two accounts receive a debt to an equivalent credited amount to one account. Be sure to use your chart of accounts the first page of this workbook
Each account you will record to is already listed and organized by classification of the account.
Posting to the ledgert accounts
Don'toverthink it
You are just posting each debit and credit from the journal entries to the account you identified in the entry.
These accounts are set to calculate your balances for you.
Please be careful not to delete the running totals as those will calculate the ending balance.
The ending balance will transfer to the Trial Balance sheet.
If you have posted all entries and your trial balance is not in balance total debits total credits this means that there is an error.
Telechone Expense
Advertising Expense
Depreciation Expense
Depreciation ExpenseA Company
Income Statement
For Month ending XX
Revenues
Operating Expenses:
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