FALLSESSION_U1LC_PRINCIPLESOFACCOUNTING

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Live Chat Assignment 1 

Accounting Formula 

 

Assets = Liabilities + OE

 

Determine the owners' equity of each company:

 

1) Dollar General

Assets = $2,329

Liabilities = $984

Owner's Equity???

 

 

2) Target Corporation

Assets = $46,630

Liabilities = $30,809

Owner's Equity??

 

Live Chat Assignment 2

 

in 150 words or less

 

Describe financial statements and their purpose; the order of financial statements to prepare.

 

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