General Journal - Courses for Crammers

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The General Journal is the accumulation of all the journal entries that happen in a given period.

Scenario: On March 1st, you purchase a new lemon squeezer for your lemonade stand with cash for $1,000. You write the resulting journal entry:

Transaction	Debit	Credit
Equipment	$1,000
Cash		$1,000

Include this journal entry in the General Journal.

MARCH

Date	Transaction	Debit	Credit
3-1	Equipment	$1,000
	Cash		$1,000
	New lemon squeezer
3-5	Cash	$500
	Notes Payable		$500
	Borrow a loan from local bank
3-7	Cash	$250
	Common Stock		$250
	Issue common stock shares

Every journal entry in the General Journal will have...

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