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Recording Transactions in the General Journal
SECTION 6.2 Main Idea You can use the general journal to record all of the transactions of a business. You Will Learn how to record a general journal entry. how to correct errors in the general journal. Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Chapter 6, Section 2 Recording Transactions in the General Journal
What Do You Think? Why do you need to record transactions? Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Key Term general journal Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Recording a General Journal Entry The most common accounting journal is the general journal - where all of the transactions of a business may be recorded. The general journal has two columns: the left column for recording debits the right column for recording credits Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Recording a General Journal Entry This is an example of a general journal entry: Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Correcting the General Journal If an error is found, it must be corrected. Do not erase an error. Draw a line through it with a pen and enter the correct information above the line. Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Recording a General Journal Entry Here is an example showing the analysis of a business transaction and its general journal entry: Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Recording a General Journal Entry Here is an example showing the analysis of a business transaction and its general journal entry: Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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Recording Transactions in the General Journal
SECTION 6.2 Key Term Review general journal An all-purpose journal in which all the transactions of a business may be recorded. Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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demo packet WB problem 6-2, 6-3
Glencoe Accounting Unit 2 Chapter 6 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
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