Corporate accounting quarter 1
In the first quarter, I learned a lot of new accounting terms in the beginning of the year. For example, corporation means an organization with legal rights of a person which many persons or other corporation may own, and merchandise means goods that business purchased to sell. Also, after learning all the vocabularies, the teacher Mr.Kevin O'Donnell started demonstrating the students how to do the purchase journal, cash payment journal,and petty cash transactions, and he gave us the templates of it so that we could fill the transaction and number in. Thus, the file below is my first draft of purchase journal and other transactions. In my opinion, doing this journal is not hard;I just need to do it very carefully and put an effort while doing it.
The file below is what I did after a lot of practices. It shows that everything is complete and I did it correctly. Also, while I was doing this, I can feel the difference because of three reasons. First and foremost, since I already did many practices, I was familiar with these new things ,and it made me do the final journal easily. Secondly, even though it seems hard at first, I learned from my mistakes and fixed them all in every practice so that I did not have any mistake while doing the final one. Lastly, because I had a lot of knowledges that Mr. Kevin taught me, I can do purchases journal, cash payment journal,and petty cash transaction correctly, and I this cannot only be used in doing the transaction, but also can be used in studying in my future accounting lessons.