All basic accounting journal entries consist of a debit and credit to the general ledger. This is necessary in order for the balance sheet to balance, hence its name. Let's pretend we own a bakery. An example of a basic journal entry is if you receive a cash payment of $50 for a cake order. You first need to debit cash for $50, this increases the cash balance. The other side of this entry
. will be to credit sales $50, thus increasing your cake sales.
