Journal Entries for Expenses
This journal is based on the following business transaction:-
In May, the business paid $350.00 to 101 Office Supplies for paper and ink for the printer.
As with the sales, there are specific items of information that change with every journal. The headings 'Date, Details, Ref, Debit, Credit' and the 'Journal ID' remain the same.
Try this journal for yourself by typing directly into the white cells on the excel template below and make it match the image above.