Cash a/c to debtors a/c
You would reverse the journal entry then record the correct entry.
debit reserve accountcredit cash / bank
debit owners equitycredit purchases
Closing entries should be journalized and posted. They are entered in the general journal, as well as posted in the general ledger.
Debit accounts receivableCredit sales revenue
debit drawingscredit purchases / goods
debit bad debtscredit notes receivable
c. General Ledger
Debit bad debtsCredit accounts receivable
You need to check the original journal entry for the check transaction. Then reverse all the original entries by Dr where you initially Cr and vice versa.
Both the Journal and the Ledger are the two most important books used under the Double Entry System of "Book-Keeping". The relationship between the "Journal & Ledger" could be expressed as follows: Journal is the book of first or original entry - since all the Business Transactions are recorded first of all in the "Journal". While the "Ledger" is the book of second entry - since the transactions are "Posted" to the "Ledger" from the Journal. The Journal records tranasactions in "Chronological order", while the Ledger records the transactions in analytical order. The Journal is more reliable than Ledger since it is the book in which the entry is entered first. The process of recording transations is termed as "Journalising" while the process of recording transactions in the Ledger is called as "Posting". Ramesh Kutumbaka