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runkinfool2001
Mar 9, 2007, 07:28 AM
What all goes in to the general journal?

CaptainForest
Mar 9, 2007, 01:23 PM
Have you learned about the 5 journals, or still just one the 1, general journal?

If the answer is, what 5 journals? Then put all transactions in the general journal.

If in fact you know what I am talking about…

1) cash receipts journal (put all journal entries that involve the receipt of cash into here)
2) cash disbursements journal (all JE where cash is being PAID out)
3) Purchases Journal (all purchases made, put those JE in here)
4) Sales Journal (all sales)
5) General Journal (whatever doesn't fit into the above 4)

runkinfool2001
Mar 9, 2007, 07:33 PM
We have learned about these journals too. I did figure out that you divide everything up in to the 5 journals. So the only thing that goes in the general journal is what does not fit in the other journals. Other than your adjusting entrées and closing entrées.

CaptainForest
Mar 9, 2007, 08:49 PM
Pretty much, yes

malage1992
Sep 30, 2011, 04:25 PM
Don't know