ACCT 212 Accounting System Discussions

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ACCT 212 Accounting System Discussions 
It is important to remember that you always have offsetting entries Last wee…

SKU: ACCT 212 Accounting System Discussions 1 Week 2 All Students Posts 35 Pages Categories: , Tags: , , , ,

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ACCT 212 Accounting System Discussions 

ACCT 212 Accounting System Discussions

Week 2 All Students Posts – 35 Pages

It is important to remember that you always have offsetting entries Last week, we discussed “The Language of Business” and why the accounting information system is important in business. This week, we are going to look at the mechanics of how it all works. It might be a bit easier if we started with an example which would be the Genie Car Wash, Inc. in Chapter 2 of your textbook. Pick a transaction from Genie and let us know how it impacts the accounting equation. Make sure to identify the two accounts impacted. Why is it important to record your selected transaction?…