Goal: Correctly journalize all transactions for the month of July using the double-entry accounting system.
The Rules of Debits and Credits (DEAD CLER):
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Debit (DR): Increases (Debit) to Expenses, Assets, and Drawings.
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Credit (CR): Increases (Credit) to Liabilities, Equity, and Revenue.
The simulation starts with the Owner's Initial Investment. Use the form below to journalize each transaction.
The dashboard on the left updates in real-time, showing your Cash Balance, Total Sales, and Total Expenses.