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2. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Entire Course (New) ACC 205 NEW Week 1 DQ 1 Accounting Equation (New) ACC 205 NEW Week 1 DQ 1 Accounting Equation ACC 205 NEW Week 1 DQ 2 Accounts ACC 205 NEW Week 1 Journal Balance Sheet Journal ACC 205 NEW Week 2 DQ 1 Accounting Cycle As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the

3. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 1 DQ 2 Accounts (New) ACC 205 NEW Week 1 Exercise Assignment Basic Accounting 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. 1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces­sories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint.

4. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 1 Journal Balance Sheet Journal (New) ACC 205 NEW Week 2 DQ 1 Accounting Cycle (New) The Balance Sheet is a financial snap shot of a company at a particular point in time. The Balance Sheet lists the Financial statements are a product of the accounting cycle. Think about two different companies, one a manufacturing

5. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 2 DQ 2 Bank Reconciliation (New) ACC 205 NEW Week 2 Exercise Assignment Revenue What is the purpose of a bank reconciliation? What are the reasons there are differences between the cash reported in the accounting records and the cash balance in the bank statements? 1. Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30.

6. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 2 Journal Income Statement Journal ACC 205 NEW Week 3 DQ 1 LIFO vs. FIFO (New) The Income Statement measures the income and expenses of a company over a specific period of time. Reflecting on your personal financial statement for the past month, can you apply the principles of the Income Statement? What did The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO

7. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 3 DQ 2 Depreciation (New) ACC 205 NEW Week 3 Exercise Assignment Inventory (New). Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows. 1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

8. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 3 Journal Inventory Journal (New) ACC 205 NEW Week 4 DQ 1 Current Liability (New) Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were What is a current liability? From a user of financial statements perspective why do you believe current liabilities are

9. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 4 DQ 2 Client Recommendations (New) ACC 205 NEW Week 4 Exercise Assignment Liability (New) A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type 1. Partner investments; journal entries. The LP partnership was formed on January 1, 19X7, by investments from

10. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 4 Journal Future Obligations Journal ACC 205 NEW Week 5 DQ 1 (New) The current liability section of the balance sheet lists the liabilities that are due within the next 12 months. Reflecting on your current financial situation, apply the concept of current liabilities. What does this analysis tell you about your ACC 205 NEW Week 5 DQ 1 (New)

11. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 5 DQ 2 (New) ACC 205 NEW Week 5 Exercise Assignment Financial Ratios ACC 205 NEW Week 5 DQ 2 (New). Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:

12. ACC 205 NEW learning consultant / tutorialrank ACC 205 NEW Week 5 Final Paper Paper (New) ACC 205 NEW Week 5 Journal Most Important Ratio Final Paper Focus of the Final Paper Write a five to seven page financial statement analysis Most Important Ratio Journal Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest

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