ACCT212 Course Project Discussions Week 4

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ACCT212 Course Project Discussions Week 4
Go to Course Home and review the Course Project Overview. Continue to use…

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ACCT212 Course Project Discussions Week 4

ACCT212 Course Project Discussions Week 4

All Students Posts – 46 Pages 

Go to Course Home and review the Course Project Overview. Continue to use the Course Project template from the Files section. In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of the Course Project.

Let’s start with Exercise 3-22A and practice developing journal entries to make adjustments. Select one of the six transactions and develop the adjusting journal entry. If you are using an example found in the textbook do mention the page number.

Remember this is a journal entry and in a journal entry there are 2 accounts being changed and affected at the same time, with every transaction there is a DR. Debit and a CR. Credit account moved in value.

So, when we read the business transaction aloud, think of what type of primary account, from within the accounting equation that is being moved or changed in value first, then focus on the sub accounts to place within your journal entry…