Bookkeeping is the recording of financial transactions, including sales, purchases, income, receipts and payments by an individual or organization.
• Purchased supplies on account
• Received cash for providing a service
• Paid expenses in cash
• Received an investment of cash from the owner
• Experienced a cash withdrawal by the owner.
• Received cash from a customer who had previously been billed for services provided
• Paid cash to purchase equipment
• Paid employee salaries
• Paid a creditor from whom the business had previously purchased supplies on account
• Sold new shares of stock
• Paid cash for monthly rent on the office space
• Paid cash for monthly utility bills
• Performed services on account
• Made a payment on a loan received from the bank
• Purchased for cash merchandise that will be later resold for profit
