Journal entries are actually pretty simple now, right?
If you've come this far and really get what we did up to now, then I'm proud to announce that you have slain the debit and credit monster! You know enough about debits and credits to debit or credit virtually anything in the entire subject (well almost)! And that's a lot more than most accounting students!
If, however, you're still concerned with this monster called debits and credits at this point, then please check out our mind-blowing lesson called Debits and Credits: What They Really Mean, which should make debit and credit journal entries much, much easier and help you slay this monster once and for all.
In the next chapter we're going to take a step back and look at the big picture in accounting, the Accounting Cycle - the series of actions a bookkeeper or accountant takes to record, categorize and present the financial information of a business.
Well done for getting this far! You are doing very, very well. Keep going!