Journal entries are part of basic accounting or primary system of accounting. In journal entries there are two aspects one is debit and another is credit. The amount on each side of the journal entry should always be equal. Journal entries are used as input to prepare ledger and trial balance . Adjusting entries are prepared at the end of the financial period to record the accrued revenue and accrued expenses. The adjustments include adjustments for accrued revenue, deferred revenue, accrued expenses, and deferred expenses. To Identify: Account titles for debit and credit for the given transactions.

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Concept Introduction:Journal entries are part of basic accounting or primary system of accounting. In journal entries there are two aspects one is debit and another is credit. The amount on each side of the journal entry should always be equal. Journal entries are used as input to prepare ledger and trial balance. Adjusting entries are prepared at the end of the financial period to record the accrued revenue and accrued expenses. The adjustments include adjustments for accrued revenue, deferred revenue, accrued expenses, and deferred expenses.

To Identify: Account titles for debit and credit for the given transactions.

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