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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Journal Entries Template

Date
2017
Nov. 27

30

Dec. 30

2018
Jan. 2

This file is for educational purposes only. E&OE

Corporate Finance Institute®
https://corporatefinanceinstitute.com/
nance Institute®. All rights reserved.

ournal Entries Template

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.

his file is for educational purposes only. E&OE

orporate Finance Institute®
ttps://corporatefinanceinstitute.com/
Ref. Debit Credit

$ 650,000
$ 650,000

$ 300,000
$ 300,000

$ 90,000
$ 10,000
$ 80,000

$ 50,000
$ 400,000
$ 100,000
$ 350,000