| Entering a transaction on a general journal sheet
I'm having a problem posting two particular transactions on a general journal sheet.
The transaction is Collected registration fees $16,200.00. Now can this transaction be posted like this Cash $16,200.00 on the debit side and Registration fees $16200.00 on the credit? Or can this transaction be posted in a different way?
The second transaction is Received bill from Bob's restaurant for meals served to campers on account $6,500. Can this transaction be posted as Food expense $6,500 on the debit side and Accounts payable $6500.00 on the credit?
Please help
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