debit subscription fee
credit cash
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
Recording phase of accounting is to record the transactions into journal after transactions occured.
debit giftcredit capital
debit bond holderscredit cash
Debit prepaid inventoryCredit cash / bank
Journal phase of accounting is to journalize the business transaction in Journal as a first record in books of accounts.
The "journal" is the first transaction found on the accounting record.
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
Recording phase of accounting is to record the transactions into journal after transactions occured.
debit assetcredit donations
debit basketballcredit cash
debit installation chargescredit cash
debit giftcredit capital
debit bond holderscredit cash
Debit prepaid inventoryCredit cash / bank
Debit settlement chargesCredit cash /bank
Debit accounts payableCredit cash / bank