ACC 290 Final Exam Guide (New)
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ACC 290 Finals
Question 1
Jackson Company recorded the following cash transactions for the year:
Paid $135,000 for salaries.
Paid $60,000 to purchase office equipment.
Paid $15,000 for utilities.
Paid $6,000 in dividends.
Collected $245,000 from customers.
Question 2
Which of the following describes the classification and normal b
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ACC 290 Week 1 Discussion Question 2
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What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them?
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ACC 290 Week 2 Discussion Question 2
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What accounts are subject to adjusting journal entries and why?
How would you explain the purpose of the adjusted trial balance?
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ACC 290 Week 2 WileyPlus Assignment BYP2-2, IFRS2-6, E3-4, E3-8, BYP 3-2, IFRS 3-2, P3-5, P3-6 (New)
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WileyPLUS Assignment: Week 2 Assignment
Resource: WileyPLUS
Complete the following Week 2 Assignment in WileyPLUS:
• BYP 2-2
• IFRS 2-6
• Exercise 3-4...