Include the transaction dates for each entry in the ledger. Since all transactions involve the Cash accountin this example, ensure that you record the relevant dates. See more

To explain the transactions, refer to the accounts associated with each Cash transaction. For instance, when $14,000 USD is invested in the company (increasing owner’s eq… See more

Mention references for each ledger entry, using the journal as the source. For instance, the first entry corresponds to the 1st transaction (reference: J-1). See more

Calculate the balance for the Cash account. Be mindful of debit and credit accounts. 1. In the first transaction, Cash is debited by $14,000, resulting in the same initial balance. 1. … See more