ACC 205 Entire Course (New)
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ACC 205 Week 1 DQ 1 Accounting Equation
ACC 205 Week 1 DQ 2 Accounts
ACC 205 Week 1 Journal Balance Sheet Journal
ACC 205 Week 2 DQ 1 Accounting Cycle
ACC 205 Week 2 DQ 2 Bank Reconciliation
ACC 205 Week 2 Journal Income Statement Journal
ACC 205 Week 3 DQ 1 LIFO vs. FIFO
ACC 205 Week 3 DQ 2 Depreciation
ACC 205 Week 3 Journal Inventory Journal
ACC 205 Week 4 DQ 1 Current Liability
ACC 205 Week 4 DQ 2 Client Recommendations
ACC 205 Week 4 Journal Future Obligations Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Exercise Assignment Financial Ratios
ACC 205 Week 4 Exercise Assignment Liability
ACC 205 Week 1 Exercise Assignment Basic Accounting Equations
ACC 205 Week 3 Exercise Assignment Inventory
ACC 205 Week 2 Exercise Assignment Revenue and Expenses
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ACC 205 Week 1 Exercise Assignment Basic Accounting Equations (New)
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1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces¬sories. Identify the items that follow as an asset (A), liability (L), revenue (R), or expense (E) from the firm's viewpoint.
The inventory of boating supplies owned by the company. (A)
Monthly rental charges paid for store space. (L)
A loan owed to Citizens Bank. (L)
New computer equipment purchased to handle daily record keeping. (A)
Daily sales made to customers. (R)
Amounts due from customers. (R)
Land owned by the company to be used as a future store site. (A)
Weekly salaries paid to salespeople. (E)
2) Basic computations. The following selected balances were extracted from the accounting records...