3 5 Use Journal Entries to Record Transactions and Post to T-Accounts Principles of Accounting, Volume 1: Financial Accounting
On January 3, there was a debit balance of $20,000 in the Cash account. Since both are on the debit side, they will be added together to get a balance on $24,000 (as is seen in the balance column on the January 9 row). On January 12, there was a credit of $300 included in …
