ACCT 140-45 ACCT140-45 ACCT/140-45 Week 1 Notes

https://www. solvedcollege ACCT 140-45 papers.com/p ACCT140-45 roduct/acctACCT/140-45 140-45Week 1 acct140-45notes.doc acct8y ACCT 140-45 https://www. ACCT140-45 solvedcollege ACCT/140-45 papers.com/p Notes # 2 [9- roduct/acct8-16] - Read 140-45Chapter 2 and acct140-453 acctb6

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ACCT 140-45 ACCT140-45 ACCT/140-45 Week 1 Notes

Published on Nov 24, 2021

solvedcp

I’m having trouble understanding the equity part of the whole accounting process. It seems that sometimes you add into it and sometimes you subtract from it, this is confusing to me.Also, I do not find a place to submit our connect exercises and problems, did I miss something? You are correct that sometimes you add and sometimes you subtract. Your dividendsand expenses are subtractions because they are always money going out. Your revenue is an addition because it is money coming in. Common stock has been an addition in every example I’ve seen so far, but I suppose that could be a subtraction if you sold some. Accounts payable transactions will depend on whether you took ona new debt, or made a payment on an existing debt. So, if you are purchasing something on credit, you are increasing your liabilities (accounts payable). https://www.solvedcollegepapers.com/product/acct-140-45-acct140-45-acct8y https://www.solvedcollegepapers.com/product/acct-140-45-acct140-45-acctb6

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