Happy Friday! Here's what you missed this week in Accounting I...
This week's assignments:
Unit 2 bell ringer questions to date:
This week's assignments:
- Aplia: Chapter 2 Study Guide (due 10/14 11PM)
- Chapter 2 Review Activity
- Schoology: American Enterprise Day Activity
Unit 2 bell ringer questions to date:
- What are the three parts of the accounting equation?
- What is the accounting equation?
- What side of the equation are assets listed?
- How is owner’s equity affected when cash is received from sales?
- How can a transaction affect only one side of the accounting equation?
- What is on the left side of the accounting equation? Right?
- What does it mean when using the term normal balance?
- The right side of the T account is considered what?
- What is the normal balance side of an asset account?
- What is the normal balance side of the owner’s capital account?