On Tuesday, we will begin Chapter 3 – Journalizing Transactions.

Specifically, we will learn the following vocabulary: journal, journaling, special amount column, general amount column, entry, double-entry accounting, source documents, check, invoice, sales invoice, receipt, memorandum, and proving cash.  We will do Work Together 3-1/On Your Own 3-1 in the book/workbook.

On Thursday, we will review what was learned on Tuesday in section 3-1….and then we will move on to 3-2 which talks about journalizing buying insurance, buying on account, and paying on account.  We will do Work Together 3-2/On Your Own 3-2 in the book/workbook.