Hi, I am looking for a good software to use for daily journal entries and adjustments, that will allow me to create at least a balance sheet & income statement and perhaps a few reports (like inventory, accounts receivables). I need a real double-entry & simple reliable software. Peachtree &...

Can anyone please help me with this problem. I tried and tried. :mad: July 1. Bills are sent to clients for services provided in June in the amount of $800. July 8. First Bank loans the company $2,500. The company will pay back the loan in August. July 9. Office Supply Corp. delivers...

What is the double entry principle?

How do I prepare adjusting entries for the following: a.insurance policy exam shows $1,240 of expired insurance b.inventory count showed $210 of unused shop supplies availale c. $800 of Unearned rent account balance was earned by year end d. One month's interest on notes payable $600, has...