ACC 205 Week 1 DQ 1 Accounting Equation (New)
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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 Accounting Equation.
Guided Response:
Review several of your peers’ postings and identify some core components that you feel should be included in every transaction. Respond to at least two of your peers and provide recommendations to extend their thinking. Challenge your peers by asking a question that may cause them to reevaluate or add components to their transactions.
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ACC 205 Week 1 Journal Balance Sheet Journal (New)
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Balance Sheet Journal
The Balance Sheet is a financial snap shot of a company at a particular point in time. The Balance Sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the Balance Sheet? What did you learn from this reflection?
Carefully review the Grading Rubric for the criteria that will be used to evaluate your journal entry.
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ACC 205 Week 2 DQ 2 Bank Reconciliation (New)
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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?
Analyze several of your peers’ postings. Let at least...