I’m studying for my Accounting class and need an explanation.
This assessment addresses the following course objective(s):
- Record various business transactions in accordance with generally accepted accounting principles
In this assignment, we will look at various merchant transactions from the buyer and seller’s perspective.
- Download AC107 Unit 5 Buyer and Seller Template [Excel Spreadsheet]
- Follow the instructions found in the template
- Rename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 5 Assignment – Journal Buyer and Seller LastName)
- Submit your completed spreadsheet
This assessment addresses the following course objective(s):
- Record various business transactions in accordance with generally accepted accounting principles.
- Analyze the basic financial statements
In this assignment, we will learn that there are two methods in preparing an income statement, the single-step and multi-step, both use the same number and render the same results
- Download AC107 Unit 5 Merchandise Template [Excel Spreadsheet]
- Follow the instructions found in the template
- Rename your spreadsheet adding your last name to the file name (Ex. AC107 Unit 5 Assignment – Calculate Merchandise LastName)
- Submit your completed spreadsheet
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