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    john_johans's Avatar
    john_johans Posts: 1, Reputation: 1
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    #1

    Mar 3, 2015, 09:06 AM
    General journal
    What is general journal ?
    1- Received cash for service preformed on account, $500.
    2- Borrowed 40000 from Union bank for business. The loan must be repaid in 2 year and is charged 4% interest.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 4, 2015, 10:57 AM
    A general journal is a journal you use to record your transaction.
    1. Your accounts will be Cash and Accounts Receivable
    2. Your accounts will be Cash and Notes Payable
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