The Accounting Cycle: During the Period. Chapter 2 . Learning Objectives. Identify the basic steps in measuring external transactions Analyze the impact of external transactions on the accounting equation
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Measuring Business Activities
2-5Learning Objective 1
Identify the Basic Steps in Measuring External Transactions.
2-8Measuring External Transactions
2-9Learning Objective 2
Analyze the impact of external transactions on the accounting equation.
2-12The Expanded Accounting Equation
Debits and Credits
2-14Learning Objective 3
Assess Whether the Impact of External Transactions Results in a Debit or Credit to an Account Balance.
2-15Effects on Account Balances
2-16Debit and Credit Effects on Accounts in the Expanded Accounting Equation
2-18Learning Objective 4
Record transactions using debits and credits.
2-20Learning Objective 5
Post transactions to T-accounts in the general ledger.
2-22Learning Objective 3
Prepare a Trial Balance.
2-24End of Chapter 2