Journal-entries-exercises-with-answers Apr 2026

: The owner invests $50,000 cash into the business.

: The company buys office equipment for $5,000 on credit. Expense Payment : Paid $1,200 for the current month's rent. journal-entries-exercises-with-answers

In accounting, journal entries are the first step in the accounting cycle , recording financial transactions using (left side) and credits (right side). The fundamental rule is that total debits must always equal total credits . Practice Exercises : The owner invests $50,000 cash into the business

: Collected $1,000 from the customer billed in Transaction #5. : The owner invests $50