finnancial statements

  • assets - left hand side is increase
  • liabilities: right hand side is increase
  • 7/30: utility expense for the month is $150 cash will be paid later
  • utility expense increase - debit
  • account payable increase - credit

Comments

Post a Comment

Popular posts from this blog

Image
Activity 2 Name: Aaron Rodriguez SID: 304949598 1.     “I Can’t Decide!” Implement the decision-making steps to help fictional classmate Tran decide whether or not he should attempt to buy from a used car dealership a Mercedes-Benz, a car he’s dreamed of owning.  He has enough money for a small down payment. Report on your decision and explain your reasoning. Car Price:                                             $30,000 Down payment available:                $2,000 Current Loan rates:                           8% Monthly Income:  ...
Read more

finals study guide

ACCT 2110-Managerial Accounting Review for Final Note: Final exam is cumulative (Chap 15-26). Please use the review for the two midterms for Chap 15-22. This review only focuses on Chap 23-26. Time and location: Scheduled by University Length of the exam: 2 hours Chapters covered: Chap 15-26 Question types: Multiple choice questions Item needed: ·          Pencil ·          Eraser ·          Calculator ·          Scantron (please see the next page for example) Study tips: ·          Review slides ·          Practice (practices in class and on WileyPlus) ·          Read the textbook for materials that you have difficulty with ·     ...
Read more
ACCT 2110 Managerial Accounting Food Truck Project Overview Xiaojie Christine Sun Group number: B Group member names: Rodriguez, Aaron Conrad| Thach, Adrian Xu, Zeyao     Song, Haoyuan     Huang, Jieying 1. What is your food truck's name?     Trap House to go 2. Describe the product your food truck will sell. (Only one meal type) Ramen 3. Illustrate the rules of your group. Everyone must contribute to the group with their ideas and execute ideas agreed upon by the group. Make sure there’s open communication and everyone knows the due dates of assignments. 4. Briefly introduce your food truck, e.g. hours of business, location, operation format (how long does it take you to cook one meal?), etc Our food truck is open for 3 hours a day, Monday-Friday 12-3pm, on the CSULA campus. We cut the line off after the 3 rd hour and finish the orders present. Meals are cooked the night before and are pre...
Read more