Applying Information a. Where do you get the information needed to make a journal entry

Chapter 6, Problem 4

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QUESTION:

Applying Information

a. Where do you get the information needed to make a journal entry?

b. How do you determine the debit and credit parts of a journal entry

Questions & Answers

QUESTION:

Applying Information

a. Where do you get the information needed to make a journal entry?

b. How do you determine the debit and credit parts of a journal entry

ANSWER:

Step 1 of 3

Journal entry is the entry made in the books of accounts to record the business transaction. Journal entry is the first step of the accounting cycle.

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