Introduction:
A journal entry is an accounting transaction that records financial transactions in chronological order. It is one of the primary tools used by accountants to record business transactions. A ledger is a collection of accounts used to record financial transactions. A trial balance is a summary of all the balances in the ledger accounts. This project involves 30 journal entries with ledger and trial balance.

Journal Entries:
1. Bought inventory on credit - Debit inventory, Credit accounts payable
2. Sold goods on credit - Debit accounts receivable, Credit sales
3. Paid rent - Debit rent expense, Credit cash
4. Received cash from accounts receivable - Debit cash, Credit accounts receivable
5. Purchased equipment on credit - Debit equipment, Credit accounts payable
6. Paid salaries - Debit salaries expense, Credit cash
7. Received cash for services rendered - Debit cash, Credit service revenue
8. Bought office supplies on credit - Debit office supplies, Credit accounts payable
9. Paid insurance premiums - Debit insurance expense, Credit cash
10. Borrowed money from bank - Debit cash, Credit notes payable
11. Paid utilities - Debit utilities expense, Credit cash
12. Sold inventory for cash - Debit cash, Credit sales
13. Paid accounts payable - Debit accounts payable, Credit cash
14. Received payment on notes receivable - Debit cash, Credit notes receivable
15. Wrote off bad debt - Debit bad debt expense, Credit accounts receivable
16. Paid income tax - Debit income tax expense, Credit cash
17. Received interest on notes receivable - Debit cash, Credit interest revenue
18. Sold equipment for cash - Debit cash, Credit equipment
19. Paid dividends - Debit dividends, Credit cash
20. Received refund on insurance premiums - Debit cash, Credit insurance receivable
21. Bought land for cash - Debit land, Credit cash
22. Sold goods on credit - Debit accounts receivable, Credit sales
23. Paid accounts receivable - Debit cash, Credit accounts receivable
24. Paid salaries - Debit salaries expense, Credit cash
25. Received cash for services rendered - Debit cash, Credit service revenue
26. Bought office equipment for cash - Debit equipment, Credit cash
27. Paid rent - Debit rent expense, Credit cash
28. Received payment on notes payable - Debit notes payable, Credit cash
29. Sold inventory for cash - Debit cash, Credit sales
30. Paid accounts payable - Debit accounts payable, Credit cash

Ledger:
The ledger accounts for the journal entries are as follows:
- Inventory
- Accounts payable
- Accounts receivable
- Sales
- Rent expense
- Cash
- Equipment
- Salaries expense
- Service revenue
- Office supplies
- Insurance expense
- Notes payable
- Utilities expense
- Notes receivable
- Bad debt expense
- Income tax expense
- Interest revenue
- Dividends
- Insurance receivable
- Land

Trial Balance:
The trial balance is a summary of the balances in the ledger accounts. It is used to ensure that the total debits equal the total credits. The trial balance for the 30 journal entries is as follows:

Debits:
- Inventory
- Accounts receivable
-

Yes