Journal Entry Examples

Journal Entry Examples, Concepts, Illustrations, Sample help

Facing problems in understanding the concept of journal entry. Are you looking for journal entry examples, sample, illustrations, calculation to do your assignment, homework or project then you are at the correct place?

What is Journal Entry?

Journal Entry is the first step of accounting which means recording of day to day business transaction in a chronological order. Every business transaction affects two accounts. A journal entry shows both a debit and credit of a business transaction. A company’s general journal in which manual journal entry is recorded consists of the following:

  • The date on which transaction takes place
  • The amount and account that will be debited
  • The amount and account that will be credited
  • A small narration regarding the transaction
  • A reference such as check number

These journalized amounts that are recorded in ordered by date are then posted to the accounts in the general ledger. Ledger is a record that keeps business transactions by accounts.

Services We Offer


Features for Accounting Assignment Help Services

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to or chat with our representative using live chat shown in bottom right corner.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Our Clients

Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.


Our Testimonials

Yash Batra, Student , UK University

“Great Experts to provide real time Accounts help services. They are just best in their approach”

Reham Fayad, Student MBA, USA

“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”

Graham Golith, Lancashire University, UK

“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”


Journal Entry Examples Explanation

This can be well understood with the help of journal entry examples. Let’s demonstrate the use of these T-accounts with two examples
Example 1
On Dec 1, 2016 a company purchased a machine by making cash payment of $15000. This transaction increases the company’s fixed asset by $15000 and decreases the company’s asset cash by $15000. To increase the asset the machinery account will be debited by $15000 and to show decrease the cash account will be credited by $15000.
Example 2
On Dec 2, 2016 the company sold products worth $4000 in cash. This transaction increases the company’s asset cash by $4000 and increases sales by $4000. Hence to show increase in cash the  cash account will be debited by $4000 and to show increase in sales the sales account will be credited by $4000.
If you are looking for similar journal entry examples type assignment help ,click here. You can visit us for more examples here.