Sunday, November 13, 2011
Where do i post this journal entries accounting project?
Im doing my accounting project ; unfortunately I've hit a bump which I am not sure on what to do....I am given this...; The following ets were received from Dawn Lytle: cash, $12,950; accounts receivable, $2,800; supplies $1,500; and office equipment, $18,750. There were no liabilities received.....; This is the information given to me in my accounting project It is the first month of a business; i am wandering if all I do is put the information given to me in the General Ledger and post them; or if they go in the Journal as well; all help is appreciated if someone can tell me wether I post for example the cash as capital as a journal entry or if all I'm to do is place them in the General Ledger.
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