In this financial accounting tutorial I begin our segment on the
accounting cycle which starts with recording journal entries within your
business. To record a journal entry you must analyze the transaction,
decide which accounts are being affected, decide whether the account
balances are increasing or decreasing and then journalize the
transaction using debits and credits. Make sure that you always left
align your debit entry and that your credit entry is indented, as this
is standard accounting protocol for journal entries.