Journal Journal is the method of recording monetary business transactions in chronological order. It records the debit and credit aspects of each transaction to abide by the double-entry system. To record: The transaction for purchase of equipment in exchange for cash.

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Chapter 2, Problem 2.8E

To determine

Journal

Journal is the method of recording monetary business transactions in chronological order. It records the debit and credit aspects of each transaction to abide by the double-entry system.

To record: The transaction for purchase of equipment in exchange for cash.

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