Professional Documents
Culture Documents
Journal Entries Template: Strictly Confidential
Journal Entries Template: Strictly Confidential
Notes
This Excel model is for educational purposes only and should not be used for any other reason.
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Date
2017
Nov. 27
30
Dec. 30
2018
Jan. 2
Accounts
Equipment
Cash
Purchased equipment with cash.
Cash
Bank Loan Payable
Acquired loan from bank.
Inventory
Cash
Accounts Payable
Purchased inventory on cash and credit.
Land
Buildings
Cash
Notes Payable
Purchased land and buildings, paid with cash and signed a note payable for the balance.
$ 650,000
$ 650,000
$ 300,000
$ 300,000
$ 90,000
$ 10,000
$ 80,000
$ 50,000
$ 400,000
$ 100,000
$ 350,000