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Post a full paragraph consisting of 3 full sentences describing how to record journal entries (JE). Please provide the following information for the step: Describe
Post a full paragraph consisting of 3 full sentences describing how to record journal entries (JE). Please provide the following information for the step:
- Describe what is involve in completing the step. Please be as specific and detail as possible as if you were teaching a friend on how to complete the step properly. Format and order is important so when you describe recording journal entries, you need to go into details such as enter date first then put debit line(s) first, credit line(s) are indented and always follow debit line(s), etc....
- If you understand the step well, please share what helps you get there or If you have difficulty understanding the step, please share what you use to overcome your initial difficulties. An example of what may have helped you may be to study the "Journalizing" topic in book.
- Provide observations on what key information needs to be found on journal entries for them to be considered properly recorded. Here are some observations, each journal entry should have a date, must have at least one debit line and one credit line, the total debit(s) must equal the total credit(s), etc...
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