Journal Entry Builder
Learn step-by-step journal entry creation
Transactions Module
Lesson 3 of 5
Learning Objective
Master the systematic process of creating journal entries from business transactions, following proper accounting procedures step by step.
4-Step Process
Real Business Scenarios
Guided Practice
Practice Scenarios
0 of 3 completed
Identify the Transaction
Analyze the Accounts
Record the Journal Entry
Verify the Entry
Monthly Office Rent Payment
Transaction Details
Paid $2,500 cash for monthly office rent
Date: 2024-01-15 | Amount: $2,500
Step 1: Identify the Transaction
First, let's understand what happened in this business transaction:
What we know:
- • Paid $2,500 cash for monthly office rent
- • Transaction date: 2024-01-15
- • Amount involved: $2,500