Question

Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. March 24 Owner deposits $26,000 in business bank account as an initial investment. September 8 Morris Company receives $6,500 payment from a customer on account.

Answer 1

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date                Account                    DR.          Cr.

March 24         Cash                   $26,000    

                        Owner's Capital                  $26,000

September 8   Cash                   $6,500    

                        Account receivable           $6,500

Download xlsx