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I need a study guide for these. Please and thank you. basically a study guide that shows me formulas of the things, and some examples
I need a study guide for these. Please and thank you.
basically a study guide that shows me formulas of the things, and some examples how they are used. Whatever you can would help.
Bus 201 A - Principles of Accounting Midterm One Review Sheet 1. Basic Accounting Equation a. Calculate Assets, liabilities, and equity b. Identify type of account c Identify normal balance 2. T-Accounts (Ledger) a Record transactions directly b. Understand the effects in multiple accounts c. Determine the balance 3. General Journal a. Record transactions b. Understand the effects in multiple accounts c. Be able to maintain equal debits and credits 4. Calculate Return on Assets, Debt Ratio, Profit Margin, and Current Ratio 5. Adjusting Journal and Ledger entries a Record transactions b. Understand the effects in multiple accounts c Maintain equal debits and credits 6. Prepare a Trail or Adjusted Trail Balance a List all accounts in appropriate order b. Maintain balance in debits and credits 7. Prepare closing entries Step by Step Solution
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