How to Make Corrected Entries in Accounting. Journal entries are necessary for adjusting the balances of ledger accounts for a variety of reasons, including recognizing accruals, liabilities and ...

How to Make Journal Entries for Bookkeeping. Bookkeeping is the process of recording accounting transactions in a company's records. To initially record a transaction, a small business creates a ...

One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record your workers’ pay alongside overall business expenses. While the process may look different ...

Learn how to create common journal entries for accrued interest, including adjusting entries and delayed bond issues sold at par value.