A general journal provides a place for recording all of the following except:

A) The transaction date.
B) The names of the accounts involved.
C) The amount of each debit and credit.
D) An explanation of the transaction.
E) The balance in each account.

General Journal

The general journal is a comprehensive record of financial transactions, arranged in chronological order, used in an entity's double-entry bookkeeping system.

Transaction Date

The date on which a trade or a financial transaction is completed or settled.

Debit

An accounting entry that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.