CHALLENGE TYPE

Journal Entries

Record debit/credit transactions with dates, narrations, and account classifications.

55 journal entries challenges on Accountely — instant IAS/IFRS-compliant scored feedback on every submission.

Practise journal entries challenges

TitleDifficultyStandard

Tidepool Design Studio — Three Quick Journal EntrieseasyBoth Willow Creek Consulting — Your First Journal EntrieseasyBoth Mistlewood Café - Petty Cash: A Shortage and a Larger FundeasyBoth Bluewater Ferries — Recording Depreciation for the First YeareasyBoth Timberline Lumber - Correcting EntrieseasyBoth Northwind Logistics - Recognising a Lease at CommencementeasyIAS/IFRS Orion Trading Ltd. — A Month of TransactionsmediumBoth Marleigh Studios - Prepaid Expenses and Unearned Revenue (IFRS)mediumBoth Brackenfield Group - Error Corrections and Accounting ChangeshardIAS/IFRS Cedar Point Diner - Establishing and Replenishing Petty Cash (US GAAP)easyUS GAAP Copperfield Hardware - Perpetual Merchandising Transactions (US GAAP)easyUS GAAP Willowmere Clinic - Year-End Adjusting Entries (IFRS)mediumBoth Bradford Supply Co. - Aging of Receivables: Adjustment, Write-off and RecoverymediumBoth Pinehurst Logistics - Depreciation, Disposal and Retirement of Plant AssetshardBoth Summit Retail Group - Cash Dividend: Declaration and Payment (US GAAP)easyUS GAAP Crestline Tools - Direct Write-Off Method (US GAAP)easyUS GAAP Aldergrove Farms - Machinery: Purchase, Depreciation and Disposal (IAS 16)mediumIAS/IFRS Kelmscott Mining - Impairment of Equipment (IAS 36)mediumIAS/IFRS Thornbury Ltd. - Adjusting Entries When Books Have Been ClosedhardBoth Wickmere Supplies - Note Payable: Borrowing, Year-End Accrual and RepaymenteasyBoth Bramley Advisory - Low-Value Lease ExemptioneasyIAS/IFRS Thorncliff Estates - Land Revaluation Surplus (IAS 16)mediumIAS/IFRS Kingsley Textiles - Inventory Write-Down to Net Realisable Value (IAS 2)mediumIAS/IFRS Tallgrass Outfitters - Lower of Cost or Market with Ceiling and Floor (US GAAP)hardUS GAAP Pinnacle Holdings - Issuing Common and Preferred Stock (US GAAP)easyUS GAAP Citrine Coffee Co. - Gift Card Sales, Redemptions and Breakage (IFRS 15)mediumIAS/IFRS Meridian Appliances - Warranty Provision (IAS 37)mediumIAS/IFRS Cascade Audio - Sale with Right of ReturnhardIAS/IFRS Calder Manufacturing - Lease Interest, Payment and DepreciationmediumIAS/IFRS Brightwater Retail - Perpetual Sales, Returns and Discounts (US GAAP)mediumUS GAAP Northwind Tech - Revenue Recognition: Multiple Performance Obligations, Advances and ConsignmenthardIAS/IFRS Riverside Wholesale - Allowance for Doubtful Accounts (US GAAP)mediumUS GAAP Thornbury Ltd - Adjusting Entries When Books Have Not Been ClosedmediumBoth Halstead Chemicals - Lease with Direct Costs and RestorationhardIAS/IFRS Harvest Lane Foods - LCNRV by Item: Write-down and Reversal (IAS 2)mediumIAS/IFRS Quillfield Paper Co. - Adjusting the LIFO Reserve (US GAAP)mediumUS GAAP Glenmoor Logistics - Two-Step Impairment Test (US GAAP)hardUS GAAP Glenmore Stores - Inventory at the Lower of Cost and Net Realizable ValuemediumIAS/IFRS Ironwood Supply - Note Payable with Accrued Interest (US GAAP)mediumUS GAAP Stonebrook Builders - Capitalizing Interest on Self-Constructed Assets (US GAAP)hardUS GAAP Ironclad Manufacturing - Double-Declining-Balance Depreciation (US GAAP)mediumUS GAAP Harborline Supply - Note Receivable with Accrued Interest (US GAAP)mediumUS GAAP Wrenfield Media - Operating Lease: One Straight-Line Lease Cost (US GAAP, ASC 842)hardUS GAAP Larkspur Biotech - Research and Development Costs (US GAAP)mediumUS GAAP Vanguard Corp - Treasury Stock: Purchase and Reissue (US GAAP)mediumUS GAAP Cobblefield Manufacturing - Finance Lease Paid in Advance, Amortized Over Useful Life (US GAAP, ASC 842)hardUS GAAP Cindervale Chemicals - Accruing Loss Contingencies (US GAAP, ASC 450)mediumUS GAAP Keystone Industries - Bonds Issued at Par with Interest (US GAAP)mediumUS GAAP Brambleton Tool Works - Deferred Tax Asset and Valuation Allowance (US GAAP)hardUS GAAP Sablecrest Instruments - Trading, Available-for-Sale and Held-to-Maturity Securities (US GAAP)mediumUS GAAP Marrowby Foods - Small and Large Stock Dividends (US GAAP)mediumUS GAAP Rockhaven Ltd - Policy Change, Estimate Revision and Error Correction (IAS 8)hardIAS/IFRS Pellbrook Utilities - Bonds Issued at a Premium, Effective-Interest Method (US GAAP)mediumUS GAAP Sandhill Traders - Perpetual Purchases, Returns and Discounts (US GAAP)mediumUS GAAP Redstone Energy - Bonds Issued at a Discount (US GAAP)mediumUS GAAP