Discussion: Journal Entry Case-study

Discussion: Journal Entry Case-study

Discussion: Journal Entry Case-study

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Week 4 Project Instructions This is your third out of six journal assignments in this course. Write a 300–500-word journal entry covering the following: Identify two or three goals for this week that you have established for yourself related to Practicum II. Review and reflect on how you met these goals this week. Explain how you integrated two concepts or content areas from Week 4 into your practicum experience this week. Identify your area of greatest learning this week. Submission Details: Submit your journal entry to the Submissions Area by the due date assigned. Name your journal entry SU_NSG6630_W4_A2_LastName_FirstInitial

A journal entry is the act of keeping or making records of any transactions either Economic or non economic.

Transactions are listed in an accounting journal that shows a company’s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debitor a credit. The total of the debits must equal the total of the credits, or the journal entry is considered unbalanced.

Journal entries can record unique items or recurring items such as depreciation or bond amortization. In accounting software, journal entries are usually entered using a separate module from accounts payable, which typically has its own subledger, that indirectly affects the general ledger. As a result, journal entries directly change the account balances on the general ledger. A properly documented journal entry consists of the correct date, amount(s) that will be debited, amount that will be credited, description of transaction, and unique reference number (i.e. check number)

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