* A specimen general journal containing all transactions for
* March 1990.

Journal: GENERAL
Company: John Doe Enterprises

* Notice that the date can be expressed in any of several ways.
* You will probably want to adopt a single standard format.

Date: 3-5-1990
Purchases               1,000
Advertising               150             * Comments are permitted
  Accounts Payable                 1,150  * here, too.

DATE: March 10, 1990
Accounts Receivable     1,500
  Sales                            1,500

date: 3/21/1990
Accounts Payable          500
  Purchase Discounts                  10
  Cash                               490

Date: Mar 26, 1990

Returns and Allowances    100
  Accounts Receivable                100

Date: 3-28-1990
Utilities                  30.56
Rent                      200.00
  Cash                               230.56

Date: 3-30

Cash                        5.67
  Interest Income                      5.67

Date: MARCH 31

* We record the ending inventory ($50,400) at the end of the month.
* The first line closes the "Inventory" account.  The second line
* brings the "Inventory" account to the current balance.  The
* Third line posts the amount required to balance the entry to the
* special account called "Inventory Change".

Close: Inventory
Inventory              50,400.00
Into:  Inventory Change
