BonnieCurious In: 1. Financial Accounting > Journal Entries What are 10 examples of journal entries? What are 10 examples of journal entries? Share Facebook You must login to add an answer. Username or email* Password* Captcha* Remember Me! Forgot Password? Need An Account, Sign Up Here 1 Answer Voted Recent A_Team Curious (MBA - Finance Student) ISB College 2022-12-13T05:05:02+00:00Added an answer on December 13, 2022 at 5:05 am This answer was edited. Here are 10 examples of accounting entries: A company purchases $500 worth of office supplies on credit from a supplier. Office supplies expense account would be debited Accounts payable would be credited A firm receives $1,000 in cash from a customer for services rendered. In this case, Cash account would be debited Service revenue account would be credited A business pays $250 in salaries to its employees. A debit would be made to the salaries expense account A credit would be made to the cash account A business borrows $5,000 from a bank and receives the funds as a loan. The entry would be, A debit to the bank account A credit to the loan payable account A company sells $800 worth of inventory to a customer for cash. The entry would be a debit to the cash account A credit to the sales revenue account A firm purchases $3,000 worth of equipment on credit from a supplier. The entry would be a debit to the equipment account A credit to the supplier’s account A company incurs $500 in advertising expenses for a new marketing campaign (cash). The entry would be a debit to the advertising expense account A credit to the cash account A firm collects $1,200 from a customer. The entry would be, A debit to the cash account A credit to the customer’s account A business pays $700 in rent for its office space. The entry would be, A debit to the rent expense account A credit to the cash account An organization pays off a $2,000 loan to the bank. The entry would be, A debit to the loan payable account A credit the cash account I also found a long list of example journal entries and a free PDF to download here. 0 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Related Questions What does debit balance in passbook represent? Which account has a debit balance? What is debit side of trading account? Accounting terms What do you mean by goodwill ? What do you mean by LLP ? What are kind or classes of shares issued by companies in accounting ?