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Examples of Common Double-Entry Bookkeeping Entries

Here are examples of common double-entry bookkeeping entries for small businesses.

Example of a Bookkeeping Entry When Selling for Cash
This is an example of how to handle a double-entry bookkeeping journal entry when selling a product or service for cash.

Example of a Bookkeeping Entry When you Offer a Discount on Sales
This is an example of how to handle a double-entry bookkeeping journal entry when selling a product or service for cash while offering a discount...

Example of a Bookkeeping Entry When Selling on Credit
This is an example of how to handle a double-entry bookkeeping journal entry when selling a product or service on credit. This example is relevant to small businesses who offer credit to their customers.

Example of a Bookkeeping Entry for an Inventory Transaction
If your business produces products, you have to deal with raw materials, work in process, and finished goods inventory bookkeeping entries.

Example of a Bookkeeping Entry for Selling Inventory for Cash
This is an example of a bookkeeping entry of moving an item from inventory to sell as a product through a cash sale. This type of transaction results in two bookkeeping entries

Example of a Bookkeeping Entry When Buying From a Supplier on Credit
A small business often buys from a number of vendors or suppliers using store credit or credit based on their relationship with the supplier. Here is an example of a transaction using store credit, or accounts payable.

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