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For more classes visit \nwww.snaptutorial.com\nAs 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.  \n

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ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 1 DQ 1 Accounting Equation

ACC 205 Week 1 DQ 2 Accounts

• As you have learned in this week’s readings the Accounting Equation is + Owners’ Equity. Is the accounting equation true in all instances?
• What does the term “account” mean? What are the different classifications of accounts? How do the rules for Debits and Credits impact accounts?
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 1 Exercise Assignment Basic Accounting Equations

ACC 205 Week 1 Journal Balance Sheet Journal

• 1) Basic concepts. Jean\'s Marine Supply specializes in the sale of boating equipment and accessories.
• Balance Sheet JournaThe Balance Sheet is a financial snap shot of a company at a particular point in time.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 2 DQ 1 Accounting Cycle

ACC 205 Week 2 DQ 2 Bank Reconciliation

• Financial statements are a product of the accounting cycle. Think about two different companies, one a manufacturing company, the other a retail company.
• 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?
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 2 Exercise Assignment Revenue and Expenses

ACC 205 Week 2 Journal Income Statement Journal

• Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth.
• The Income Statement measures the income and expenses of a company over a specific period of time.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 3 DQ 1 LIFO vs. FIFO

ACC 205 Week 3 DQ 2 Depreciation

• The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.
• There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 3 Exercise Assignment Inventory

ACC 205 Week 3 Journal Inventory Journal

• Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.
• Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 4 DQ 1 Current Liability

ACC 205 Week 4 DQ 2 Client Recommendations

• What is a current liability? From a user of financial statements perspective why do you believe current liabilities are separated from long-term liabilities?
• A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type of entity should be created for this new business.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 4 Exercise Assignment Liability

ACC 205 Week 4 Journal Future Obligations Journal

• Partner investments; journal entries. The LP partnership was formed on January 1, 19X7, by investments from Bill Levy and Marv Parcells.
• The current liability section of the balance sheet lists the liabilities that are due within the next 12 months.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 5 DQ 1

ACC 205 Week 5 DQ 2

• ACC 205 Week 5 DQ 1
• ACC 205 Week 5 DQ 2
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 5 Exercise Assignment Financial Ratios

ACC 205 Week 5 Final Paper Paper

• Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
• Final PaperFocus of the Final PaperWrite a five to seven page financial statement analysis of a public company, and formatted according to APA style as outlined in the Ashford Writing Center.
ACC 205(ASH) Course Extraordinary Education-snaptutorial.com

ACC 205 Week 5 Journal Most Important Ratio Journal

• Most Important Ratio Journal
• Reflect for a moment on the ratios (working capital, current ratio, quick ratio, debt to asset, debt to equity, times interest earned, gross margin and net margin) presented this week.