General Journal

Duvall Landscaping
General Journal Page 1

Date		Item	Doc. No.	Post Ref.	Debit					Credit
2008 Feb	8	Cash	M1	110	10	0	0	0	--
		Landscape Trucks		120	80	0	0	0	--
		Computer Equipment		130	12	0	0	0	--
		Lawn Equipment		140	7	5	0	0	--
		Bank of America		210						60	0	0	0	--
		Your Name, Capital		310						49	5	0	0	--
	8	Computer Equipment	C101	130	3	5	0	0	--
		Cash		110						3	5	0	0	--
	11	Lawn Equipment	C102	140		4	0	0	--
		Cash		110							4	0	0	--
	11	Cash	NP2	110	5	0	0	0	--
		Bank of America		210						5	0	0	0	--
	14	Lawn Equipment	C103	140		8	5	0	--
		Cash		110							8	5	0	--
	14	Garden Supplies	P1	150		9	6	0	--
		Redmond Lawn and Garden		220							9	6	0	--
	25	Garden Supplies	C104	150		3	2	0	--
		Cash		110							3	2	0	--
	25	Garden Supplies	P2	150		2	0	0	--
		Redmond Lawn and Garden		220							2	0	0	--
	26	Bank of America	C105	210	1	0	0	0	--
		Cash		110						1	0	0	0	--
	26	Cash	R101	110	6	0	0	0	--
		Your Name, Capital		310						6	0	0	0	--
	28	Lawn Equipment	P3	140	2	8	0	0	--
		Redmond Lawn and Garden		220						2	8	0	0	--
	28	Computer Equipment	C106	130	2	3	0	0	--
		Cash		110						2	3	0	0	--








		(Always record debits before credits)

Debit/Credit Key to Recording Your Entries
Account Type	Increase	Decrease
Assets (100)--something having value for the company	Debit	Credit
Liabilities (200)--when the company owes money	Credit	Debit
Owner's Equity/Capital (300)--owner's value in the company	Credit	Debit
Owner's Drawing (300)--when the owner takes cash or items from the company for personal use	Debit	Credit
Revenue (we title this Sales) (400)--your normal source of making money	Credit	Debit
Purchases (500)--when you buy merchandise that you will then sell to make a profit.	Debit	Credit
Expenses (600)--short-term expenditures for the purpose of generating revenue	Debit	Credit