Double Entry Journal #2 A double-entry journal is a type of extended annotation. There is not enough room in the book to put all of the information that you’d like to write. Since the double-entry journal is in a document‚ you can make your information as detailed as you’d like. Your goal is to choose quotes that represent at least all of the key ideas in the section. Then discuss any connections you made to those quotes or thoughts that you had while reading. An example is done for you below
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e EDouble entry - Income statement 1. Sales When sales are made‚ capital increases by the amount of profit made on the sale. 2. Expenses When ongoing costs‚ such as wages or rent are incurred‚ capital decreases. 3. Income and expense accounts Periodically‚ usually once a year‚ the figure of profit (income - minus expenses) is added to capital. During the year figures are accumulated in separate accounts for each item of income and expenditure. 4. Cost of sales At the end of the year‚ the
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the double entry accounting system‚ a business transaction affects at least two accounts and the debit and credit amounts recorded for the affected accounts must be balanced. These transactions will be recorded in the appropriate books of accounts. Business entities develop a chart of accounts‚ a list of account titles with their corresponding account codes that the business will use in recording and posting in the books of accounts and in reporting in the financial statements. Double entry system:
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CHAPTER 2 DOUBLE ENTRY SYSTEM AND BALANCING OFF THE LEDGER OBJECTIVES. At the end of the chapter reader is expected to understand - what a double entry system is - peculiarity of double entry system in accounting. - how a transaction can be posted in order to adhere with double entry system. - what make up a ledger - how ledger can be balanced up. INTRODUTION To make a relevant disclosure of transaction in accounting sense‚ it is necessary to open up all the items affected by a transaction
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DOUBLE ENTRY JOURNAL REFERENCE PAGE INFORMATION (See MLA format and be sure to include page or paragraph numbers): Title: Titus‚ Christa. “Negative and Positive Impact of Mobile Phones”. Odewire. July 1‚ 2002. Pg. 6. Print. Database: Magazine QUOTATION: “Although having the ability to connect with anyone at almost any time‚ is convenient.” “People are in the habit of checking their cell phones in short intervals of time‚ like every five minutes.” “Cell phones started out as tools
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Title of reading: Reading critically |Page/par. # |Write your notes from the reading(s) here:|Write your personal ideas‚ reactions and | | | |responses here: | |P1/1 |An additional benefit of close‚ critical | | | |reading is that you will
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Passage | Response | 1. (Outliers) Page 19-20: Biologists often talk about the “ecology” of an organism: the tallest oak in the forest is the tallest not just because it grew from the hardiest acorn; it is the tallest also because no other trees blocked its sunlight‚ the soil around it was deep and rich‚ no rabbit chewed through its bark as a sapling‚ and no lumberjack cut it down before it matured. 2. (Outliers) Page 17: If you have ability‚ the vast network of hockey scouts and talent spotters
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African American Woodson‚ J. (2005) Show way. Talbott‚ H. NY: Putnam’s Sons. Memorable Quote Personal Reaction “And though some could book read‚ most could not. Stars and moon and roads. Picture reading was what they’d always known.” There are several effective ways of communicating with others. Quilting was significant to this ethnic group since they did not know how to read. African Americans found different ways to communicate in which they could under-stand the messages through the images
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Introduction to Book-keeping Fill in the blanks in the following sentences from the selection of terms given at the bottom of the page. 1 The recording of accounting data is known as . 2 A change in the position of a business‚ i.e. the transfer of value from one to another‚ is a . 3 A person to whom money is owed for goods is a . They have given the firm ___________. 4 A person who owes money to the firm is a . They are in ______ to the firm. 5 Resources supplied by the owner is called ____
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Double-entry journals Journal writing is a way to record your thoughts. They can record personal responses to everyday experiences‚ like diaries‚ or they can record intellectual responses to academic work‚ like the double-entry journals you’ll be keeping during our study of various texts. Disciplining yourself into writing down your questions‚ observations‚ emotional reactions‚ and reflections helps you read more deeply and sort out what’s going on‚ at the surface level of the story and beneath
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