Kenedy County, Texas Kenedy County is a county located in the U.S. state of Texas. It is part of the Kingsville Micropolitan Statistical Area. In 2000, its population was 414. Its seat is Sarita, and the county is named for Mifflin Kenedy, an early rancher in the area. Kenedy County has the distinction of having the fourth lowest-population of any county in the United States, following Loving County, Texas, Kalawao County, Hawaii, and King County, Texas. It is also the easternmost county in the United States that has more square miles than people.
A general journal is the original book of entry, which means that it is the first place you record transactions. When computers and software were not common, the general journal was a big register. Each page had columns for serial number, date, particulars and debit and credit records.
The double entry accounting system is based on the concept of debits and credits. This is an area where many new accounting students get confused. Often people think debits mean additions while credits mean subtractions. This isnât the case at all. Debits and credits actually refer to the side of the ledger that journal entries are posted to. A debit, sometimes abbreviated as Dr., is an entry that is recorded on the left side of the accounting ledger or T-account. Conversely, a credit or Cr. is an entry on the right side of the ledger.