How to Make Journal Entries in Excel

Particulars Credit/Debit Debit Credit

Machines Debit $ 50,000.00
Inventory Debit $ 5,000.00
Receivable Accounts Debit $ 53,300.00
Cash Debit $ 25,000.00
Labor Cost Credit $ 38,300.00
Materials Cost Credit $ 40,000.00
Equipment Costs Credit $ 50,000.00
Depreciation Credit $ 5,000.00
$ 133,300.00 $ 133,300.00
 Transactions During the Month July-2022

Date Activities
7/2/2022 Paid $28000 wages of the employers
7/5/2022 Bought supplies for $ 60000
7/15/2022 Purchased a Machine for $30,000
7/20/2022 Sold company land for $50000
Over the July sold products for $140000

Date Particulars Credit/Debit Debit

7/2/2022 Labor Cost Debit $ 28,000.00
Cash Credit
7/5/2022 Materials Cost Debit $ 60,000.00
Accounts Payable Credit
7/15/2022 Machines Debit $ 30,000.00
Cash Credit
7/20/2022 Cash Debit $ 20,000.00
Receivable Accounts Debit $ 30,000.00
Loss on Land Debit $ 3,300.00
Land Credit
Over the July Sales Credit
Cash Debit $ 142,000.00
-2022

ployers
000
0,000
0000
00

Credit

$ 28,000.00

$ 60,000.00

$ 30,000.00

$ 53,300.00
$ 142,000.00
 Final Journal

Particulars Credit/Debit Debit Credit

Machines Debit $ 80,000.00
Inventory Debit $ 5,000.00
Receivable Accounts Debit $ 83,300.00
Cash Debit $ 129,000.00
Labor Cost Credit $ 10,300.00
Materials Cost Dredit $ 20,000.00
Equipment Costs Credit $ 50,000.00
Depreciation Credit $ 5,000.00
Accounts Payable Credit $ 60,000.00
Loss on Land Debit $ 3,300.00
Land Credit $ 53,300.00
Sales Credit $ 142,000.00
$ 320,600.00 $ 320,600.00