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Discussion 1: As you have learned in this week's readings the Accounting Equation is Assets = Liabilities + Owners' Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.
Discussion 2: What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
Demonstrate how Prospector could maximize its gross profit for the month by specifically selecting which diamonds to sell on March 5 and March 25.
The bonds were dated May 1, 2007, and mature on April 30, 2012, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Bettis make to record the purchase of the bonds on August 1, 2007?
equipment acquired on february 5 20xx at a cost of 212750 has an estimated useful life of 8 years and an estimated
examine the following list of accountsinterest payableaccumulated depreciation equipmentalex kenzy drawingaccounts
the gilster company a machine tooling firm has several plants. one plant located in st. falls minnesota uses a job
Under these circumstances, what did Boswell report as Net sales and Net accounts receivable on its 1999 through 2003 income statements and balance sheets?
as of jan 1 2014 the city council approved and the mayor signed a budget calling for 10750000 in property tax and other
alice and jon harrison operate two full-service dry cleaning outlets in the st. louis metropolitan area. one of the
Assuming a 30-day period in November, calculate November's interest. Also, calculate the interest Nancy would have paid with: a) the previous balance method, b) the adjusted balance method.
BRN Corporation has two divisions: California and Nevada. Both divisions have the same basic chart of accounts, which numbers current assets in the 100s, plant assets in the 200s, and so on. BRN differentiates them with an appended "C" or "N"..
topeka bike company received a 940 check from a customer for the balance due. the transaction was erroneously recorded
callie was admitted to the adams amp beal partnership four years ago. the partnership has a deficiency at year end for
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