1. Explain accounts as they relate to the accounting equation and describe common accounts 2. Define...

1. Explain accounts as they relate to the accounting equation and describe common accounts
2. Define debits, credits, and normal account balances using double-entry accounting and T-accounts
3. Record transactions in a journal and post journal entries to the ledger
4. Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements

Expert Solution

ekkarill92 answered 2 years ago

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