Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) By Tuesday at 11:59pm (CST), you need to make a post to reserve the business transaction that you will discuss. Example: Bought supplies on
1) By Tuesday at 11:59pm (CST), you need to make a post to "reserve the business transaction that you will discuss. Example: Bought supplies on account could be your reservation. Make this post as soon as possible.If another student has already reserved a business transaction, you will need to select another business transaction. 2) By Thursday at 11:59pm (CST), as a reply to the post you made to "reserve the transaction, make a post about the business transaction that you "reserved" that answers: . Which accounts are involved in the transaction . Whether the accounts involved go up or down . Which account is debited and which account is credited 3) By Sunday at 11:59pm (CST), respond to 2 of your group members' threads. In your posts, Tell how the financial statements would change because of the transaction. Be specific about how the financial statements would change: give the name of the financial statement (Income Statement, Statement of Retained Earnings, and Balance Sheet) and section, if applicable (.e. Equity section). Are the items on the financial statement increasing or decreasing? If something is inaccurate in the original post, please point out what the correct answer is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started