diff --git a/cmd_debug.c b/cmd_debug.c
index 9238e8be..d871af07 100644
--- a/cmd_debug.c
+++ b/cmd_debug.c
@@ -615,7 +615,12 @@ int cmd_list_journal(int argc, char *argv[])
 		vstruct_for_each(&p->j, entry) {
 			buf = PBUF(_buf);
 
-			printbuf_indent_push(&buf, 4);
+			/*
+			 * log entries denote the start of a new transaction
+			 * commit:
+			 */
+			printbuf_indent_push(&buf,
+				entry->type == BCH_JSET_ENTRY_log ? 2 : 4);
 			bch2_journal_entry_to_text(&buf, c, entry);
 			printf("%s\n", _buf);
 		}