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welcome to module 3 of our course in financial accounting this I think youamp;#39;ll find to be a more challenging module than our first two this is a module on adjusting journal entry so it takes what we learned about journal entries but it does crank it up a notch it adds a little bit of math a few calculations to our journal entries not to much harder but I think it is a notch arter so if you havenamp;#39;t understood journal entries well I do recommend going back and just doing all of those problems from module to really getting your practice and you want to be comfortable with the idea of debits and credits before jumping into these slightly more complicated versions of journal entries so what is an adjusting journal entry why are we here what is this challenge all about Iamp;#39;m gonna explain this with an example so letamp;#39;s say our company buys a car so we can see this journal entry right here on October 1st our company has bought a car for cash $25,000 so we have this