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For more classes visit \nwww.snaptutorial.com\n\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\nGuided Response:\n

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acc 205 education on your terms www snaptutorial 1

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 1 DQ 1 Accounting Equation

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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 sampl

acc 205 education on your terms www snaptutorial 2

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 1 DQ 2 Accounts

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What does the term “account” mean?  What are the different classifications of accounts?  How do the rules for Debits and Credits impact accounts?  Please provide an example of how debits and credits impact accounts.

acc 205 education on your terms www snaptutorial 3

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 1 Exercise Assignment Basic Accounting Equations

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1) Basic concepts. Jean's Marine Supply specializes in the sale of boating equipment and acces­sories. Identify the items that follow as an asset (A), liability (L), revenue (R

acc 205 education on your terms www snaptutorial 4

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 1 Journal Balance Sheet Journal

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Balance Sheet JournaThe 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

acc 205 education on your terms www snaptutorial 5

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 2 DQ 1 Accounting Cycle

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Financial statements are a product of the accounting cycle.  Think about two different companies, one a manufacturing company, the other a retail compan

acc 205 education on your terms www snaptutorial 6

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 2 DQ 2 Bank Reconciliation

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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?

acc 205 education on your terms www snaptutorial 7

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 2 Exercise Assignment Revenue and Expenses

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Recognition of concepts. Ron Carroll operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fis

acc 205 education on your terms www snaptutorial 8

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 2 Journal Income Statement Journal

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The Income Statement measures the income and expenses of a company over a specific period of time.  Reflecting on your personal financial statement for the past

acc 205 education on your terms www snaptutorial 9

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 3 DQ 1 LIFO vs. FIFO

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The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method.  The controller’s bonus is based

acc 205 education on your terms www snaptutorial 10

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 3 DQ 2 Depreciation

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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.  Your client has jus

acc 205 education on your terms www snaptutorial 11

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 3 Exercise Assignment Inventory

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1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

acc 205 education on your terms www snaptutorial 12

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 3 Journal Inventory Journal

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Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would provide the most

acc 205 education on your terms www snaptutorial 13

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 4 DQ 1 Current Liability

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What is a current liability?  From a user of fi

acc 205 education on your terms www snaptutorial 14

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 4 DQ 2 Client Recommendations

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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.  Based on your readings or any additional research you may have done, discuss the advantages and disa

acc 205 education on your terms www snaptutorial 15

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 4 Exercise Assignment Liability

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Partner investments; journal entries. The LP part

acc 205 education on your terms www snaptutorial 16

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 4 Journal Future Obligations Journal

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The current liability section of the balance sheet lists the liabilities that are due within the next 12 months.  Reflecting on your current financial situat

acc 205 education on your terms www snaptutorial 17

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 5 DQ 1

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ACC 205 Week 5 DQ

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ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 5 DQ 2

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ACC 205 Week 5 DQ 2

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ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 5 Exercise Assignment Financial Ratios

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1.      Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:

acc 205 education on your terms www snaptutorial 20

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 5 Final Paper Paper

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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.   In this

acc 205 education on your terms www snaptutorial 21

ACC 205 Education on your terms/www.snaptutorial.com

ACC 205 Week 5 Journal Most Important Ratio Journal

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Most Important Ratio Journal

Reflect for a moment on the ratios (work