Question

does anyone here knows how to make journal entries? ​

Answer 1

Answer:

An easy way to understand journal entries is to think of Isaac Newton's third law of motion, which states that for every action, there is an equal and opposite reaction. So, whenever a transaction occurs within a company, there must be at least two accounts affected in opposite ways.

Answer 2

Answer:

Another way to visualize business transactions is to write a general journal entry. Each general journal entry lists the date, the account title(s) to be debited and the corresponding amount(s) followed by the account title(s) to be credited and the corresponding amount(s).