30 or more journal entries for accounting!!!?
Need 30 or more journal entries for accounting so I can do a whole accounting cycle. It can be on any business… you choose… please help me out!!!
It is not that difficult. Say you want to start a restaurant. To start the business you first need to put some money into it. So the entry would be:
Dr Cash xxxxx
Cr Capital, Owner xxxxx
Now think of all the items you will need to get it going.
Dr Prepaid Rent xxxxx
Cr Cash xxxxx
Dr Furniture xxxxx
Cr Accounts Payable xxxxx
There’s also business licenses, insurance, wages, utilities, etc. Just think of everything you would need to start the business and keep it going for the first accounting cycle. Don’t forget to include the adjusting entries needed at the end of the cycle to account for such things as depreciation, rent expense from the prepaid rent, accrued wages, etc. Good luck
Dr. J.’s Post Employment Video Journal, Cycling in Chicago on 9/8/10, Video 10
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