Chapter One The Accounting Equation and Double-entry Bookkeeping I. Learning objectives After completing this session‚ students should be able to (1) Define assets‚ liabilities‚ owner’s equity‚ revenue and expenses; (2) Understand the functions of the fundamental accounting equation; (3) Record business transactions and illustrate their effects on the fundamental accounting equation; (4) Understand the accounts payable‚ accounts receivable‚ prepaid insurance‚ and drawing accounts;
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partnership. These are the events that take place during the lifetime of a partnership firm. Some issues arise on the happening of these events involving finance. Some assets and liabilities may need revaluation‚ goodwill is to be treated and amount of joint life policy is distributed and soon accounting adjustment are required to be made. Whenever such events take place‚ the firm has to calculate the dues of a partner leaving the firm or that of the deceased. In this lesson you will learn the accounting treatment
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Interest is paid semiannually on June 30 and December 31. Required: • 1. Determine the price of the bonds at January 1‚ 2013. • 2. Prepare the journal entry to record their issuance by The Bradford Company on January 1‚ 2013 • 3. Prepare the journal entry to record interest on June 30‚ 2013 (at the effective rate). • 4. Prepare the journal entry to record interest on December 31‚ 2013 (at the effective rate). 1. Interest for 4M @ 11‚46992 is $45‚879‚680 Principle 80M @ 0.31180 is 24‚944
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Journal Entry #1 Most of my high school experience has not been pleasant. I have struggled with depression and anxiety‚ as well as physical health problems since the end of sixth grade. My attitude and attendance in school have been inconsistent up until the end of last year; my second junior year. Up until that moment‚ I thought that school was a complete waste of time‚ and that the only thing our education system was meant to do was condition people to give up their individualism and turn them
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QHSS Vikas Peddu Journal entry #1 In the first ten chapters of The Kite Runner Khaled Hosseini focuses on the theme “Friendships take years to build‚ but only moments to destroy”. For example‚ Amir and Hassan have been friends since they were born‚ they built their friendship until the day of the kit fighting tournament. When Hassan ran the runner ups kite he ran into Assef‚ who was seeking revenge for being insulted by Hassan earlier in the year. Assef deemed that rape would
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Ender’s Game Journal Entries Chapter 1: Question 2 Ender is a third‚ a third child‚ he is monitored by the government and can think like a adult‚ for example he could predict what would happen if he didn’t beat up Stilson and ran away. He is harassed daily both physically and mentally because he was a third‚ no one will be able to understand the humiliation Ender faces unless you to are a third.‚ so when it came down to the fight with Stilson‚ he just wanted it to stop‚ even though it means
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Tristan Vigil Engl – 112-02 3/12/15 Journal Entry 9 1. Most of the main characters are introduced in the beginning of the story except for the murderer who the reader learns about more and more through the story. 1. The emotional meaning of the story has a large impact on the how how the plot is worked out. In the story the lawyer is continuously trying to convince people that the murderer is going to murder as soon as he get out of jail and in the story that is what happens. Without this part
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Blink’s Journal Entry 1- Location: Ancient Persia‚ Time: 559 B.C.E. I have arrived in the beginning of the empire under the rule of Cyrus II. “Probably the greatest of the Achaemenian rulers were Cyrus II (reigned 559–c. 529 B.C.E.)‚ who actually established the empire and from whose reign it is dated.” “Achaemenian Dynasty” This was a time of a fresh shift of power to the Achemedians. This was the beginning of the Persian Empire. This was the beginning of my journey through time. Entry 2- Location
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Journal Entry #3 – A Clockwork Orange Burgess’ novel‚ A Clockwork Orange‚ carries many themes prevalent to the time-period of the novel’s release. In a futuristic city governed by a repressive totalitarian super-state‚ humans have become machines or lower animals. The main protagonist of the story‚ Alex‚ asserts his free will by deciding to live a life of debauchery and violence before being robbed of his free-will by the government. When A Clockwork Orange was written the war against Communism
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Journal Entries 1.)A noble "Moor"‚ in the service of the Venetian State‚ Othello is introduced to us in the very first scene by the term "Moor"‚ when Iago complains that Othello has made Cassio his lieutenant and not him. We also learn from Iago that Othello has a relationship with the fair Desdemona. Respected by the Duke of Venice‚ who is the first to address him by name (Othello in Act I‚ Scene III) and who sends for him when Cypress is threatened by Turkish forces‚ Othello is continuously
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