Journalizing Transactions

Journalizing Transactions
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Introduction of a 5 column journal for a proprietorship set up as a service business & how to record transactions in a 5 column journal. Introduction of source documents and their importance when recording a transaction in a journal. Journalizing each of the transactions discussed so far in a 5 column journal in the appropriate columns (general or special columns) for the following transactions discussed so far: receiving cash from the owner of a proprietorship as an investment, paying cash for supplies, paying cash for insurance, buying supplies on account, paying cash on account, receiving cash from sales, paying cash for an expense, paying cash to an owner of a proprietorship for personal use.
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