just do the assignment part

Basic Accounting Methods

Question A

• What is your current knowledge level of this course topic and what do you hope to learn before the course is over?

Question B

• There are two types of basic accounting methods; Cash Base Accounting vs. Accrual Base Accounting.  Discuss the differences between each of these methods.  Please provide the different accounting treatments (i.e. journal entries) of the following transaction for both Cash Base Accounting vs. Accrual Base Accounting:

Example: You are an accountant for a landscaping company (Grantham Landscaping LLC) and have mowed a large park for the local county government.  You charge the client $2,000 for the job.  The county agrees to pay you 6 months from the date of the service.  

Week 1 Problem Sets

Part 1

• Exercise 1-9A on page 40
• Exercise 1-10A on page 40
• Exercise 1-4A on page 38
• Exercise 1-7A on page 39
• Exercise 1-6A on page 39
• Exercise 1-8A on page 39

Part 2

• Question 1: What is the accounting equation?  Why is this important to the practice of accounting?  Please provide an example of how the accounting equation works with recording transactions within a business.
• Question 2: Is there a difference between bookkeeping and accounting? Discuss.
• Question 3: Accounting reports past performance. How can this be useful when planning future operations?