Date column includes the dates of transactions. Note that transactions are recorded in chronological order. The titles of the accounts used in the recording and the explanations of each transaction are shown in the next column. References of each account are mentioned. Debit and credit amounts for each account are entered. This is called journalizing. The followings are the items which could be seen in a journal entry:
1. The date of transaction.
2. The debit account title (it shows an increase in assets in this journal entry). Note that, debit accounts are entered first at the left margin of the column.
3. The credit account title (it shows an increase in owner’s equity in this journal entry). Note that, credit accounts are entered on the next line and right margin of the column.
4. Explanation of the transaction.
5. Numerical identifications of the accounts which are used later in posting.
6. Debit amount.
7. Credit amount.