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University of South Carolina

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SCACCT 225AllwrightFall

ACCT 225 Chapter Notes - Chapter 4: Accounts Receivable, Trial Balance, Deferral

OC79779311 Page
8 Feb 2016
648
(1) prepare journal entries to record the following transactions for a retail store. Purchased merchandise from lyon company under the following terms:
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SCACCT 225AllwrightFall

ACCT 225 Chapter Notes - Chapter 1-2: Debt Ratio, Revenue Recognition, Source Document

OC7977932 Page
8 Feb 2016
16
Owner"s equity + revenues building, land, supplies, and accounts receivable) Accounting equation = assets + expenses + dividends = liabilities + Assets
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