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Unit 2

 

Live Chat assignment 1

The debit and credit rules for the various accounts? - less than 100 words

Explain - How to prepare an unadjusted trial balance? - describe, list the steps

 

Live Chat assignment 2

1. Asset accounts have a _____balance.

2. The Owner's drawing account has a _____balance.

3. Revenue accounts have a _____balance.

4. Expense account have a ____balance.

5. Liabilities and Owner's Equity have a _____balance.

 

6. Owner's Equity = Income Statement accounts - _____________

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