Task 3-Journal Entries For this task you will need to record the deposit and the sale of the cake as = journal entry. We will use a 'double entry' accounting style or = 'T' account to demonstrate the journal entry. You will need to record the deposit in the CASH - JOURNAL Then you will need to record the SALE in the ACCOUNTS RECEIVABLE -JOURNAL. If you haven't done a double entry account before you may like to refer to the following steps.] Step Self-Questions Answers What did the Company receive? Cash. If the Company received cash, how would Receiving cash 2 this affect the cash balance? increases the cash balance of the company Which side of cash account represents Debit side (Left side). the increase in cash? What is the account name to record the Accounts Receivable sales of products? Which side of accounts receivable Credit side (Right account represents the increase in sales? side) Does the sum of debit side amount equal Yes. to the sum of credit side amounts? $120 = $120 n other words, does this journal entry balance