You have already learned how to record transactions in a GAAP-compliant manner. You have also learned how to update account balances with adjusting entries, close the nominal accounts, and prepare financial statements. This week, post a 7-8 sentence paragraph addressing the following:

• What is the most difficult concept (the muddiest point) for you so far this semester?
• Why do you think it was such a challenge for you and how did you overcome it? For example, what was the most helpful resource for understanding the concept? Examples could include any or all of the following:
  • The lecture notes
  • The homework and SmartBook reading assignments
  • Did you use another textbook? If so, provide the title and author
  • Did you find a website with information that helped? IF so, provide the URL for the website.
  • Did you use a You Tube Channel or video? If so, which one?