•Online,June 18th at 6:30 pm
•Chapters 1,2,3. Review slides, handouts and exercises done in class. •Test structure (15 questions): •5 Transaction analysis questions (1.accounts impacted (name and type), 2.debit/credit, 3.explain the transaction, 4.effect on the balance sheet) : 60 % 1. The restaurant purchased $300 of food in cash
TRANSACTION ANALYSIS:
a. Accounts impacted: name and type
b. Debits/credits
c. Explain the transaction
d. Impact on the balance sheet
Sample Solution