JournaldrillAccounting practice problems: 54 journal entries, checked as you post them
Debits and credits only become automatic by posting entries, hundreds of them, and getting told at once when the account or the side is wrong. These problems follow the chapters of a financial accounting course. Pick the one you are on, post the entry, and see immediately whether every line is right, with the reasoning shown afterwards.
Basic journal entries
The first chapter's transactions: the owner puts money in, the business buys equipment, bills a customer, pays rent, collects a receivable. If you can post these nine without a chart of accounts in front of you, the rest of the course gets easier.
Adjusting entries
Prepaids used up, unearned revenue earned, accrued wages and interest, depreciation, and closing the books. Adjusting entries are where most intro students lose points because every one requires a calculation before the entry, and the exercises check the amount as well as the accounts.
Inventory and sales
Perpetual inventory: purchases, freight, returns and discounts on both sides, the two-part sale entry with cost of goods sold, write-downs and shrinkage.
Receivables and payables
Bad debt expense by the percent-of-sales and aging methods, write-offs and recoveries, notes payable and receivable with interest, credit card sales and petty cash.
Payroll, assets and equity
Payroll with withholdings, employer taxes, disposing of equipment at a gain or a loss, issuing common and preferred stock, treasury stock, cash and stock dividends.
Bonds and leases
Bonds at par, at a discount and at a premium, interest under the straight-line and effective-interest methods, retirement at and before maturity, and the first entries of a finance lease. These are intermediate-accounting and CPA FAR material.
How the entries are checked
You pick the accounts from the chart, type the amounts and choose debit or credit for each line. The check compares your entry with the correct one line by line: wrong account, wrong side, wrong amount or an unbalanced entry each get a specific message. After two attempts the full entry and the reasoning open.
Post the entries
Five entries are free without an account. Pro unlocks all 54, with hints, worked entries and progress saved to your account.
Start practicing freeQuestions
Which course does this match?
Financial accounting (Accounting 101 and 102) and the journal-entry topics of intermediate accounting and the CPA FAR section: adjusting entries, inventory, receivables, payroll, equity, bonds and leases.
Does it use US GAAP?
Yes. Account names follow common US textbooks (Accounts Receivable, Allowance for Doubtful Accounts, Discount on Bonds Payable). The entries are the same under IFRS apart from a few naming differences.
Are compound entries included?
Yes. Equipment bought partly with cash and partly on credit, payroll with several withholdings and bond interest with amortization all have three or more lines.
Can I practice for an exam under time pressure?
Timed mode gives each entry a time limit by level and keeps hints and solutions closed until it runs out.