ACCOUNTING Chapter Notes -Double-Entry Bookkeeping System, General Ledger

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Social media websites and applications such as facebook, instagram, and twitter allow you to capture moments in your life. They serve as a reminder of the things that you have done, places that you have gone to, and people you have met. The way that lives become so documented is similar to when people had diaries, when they would write in them regularly. This is similar to how journal transactions work. Journal entries are records of di erent business transactions. All transactions that happen in a business are recorded in the company"s journal. Journal works, you can look at any particular day in the business and get an idea of all the transactions that transpired during the day. Not all accounting journals look alike, but mainly, each one should have the date, description, debit, and credit. Below is a sample list of transactions and below that is a sample of how those transactions are written in the journal.

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