Part of the accounting cycle includes completing step 2 -- journalize. This step involves recording accounts, including debits and credits, in a general journal. For this week, your initial discussion by responding to the following: Create a transaction that includes the cash account Write the journal entry in proper form for the transaction you created (dont forget the description) Describe all the necessary components of your journal entry Explain the purpose of the debits and credits in your journal entry Explain why journal entries are important in accounting