ACC151 - (+) Debit Unearned Revenue = future = liability...

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ACC151 (Rm222) M: 1230 -130 T: 330 - 430 W: 1035 - 1135 Recitation #1 Assets = Liability + Equity WORKING WITH EXCEL 1. Double click on cell “=” for equation 2. SUM to find the sum 3. Click on cells or (F6,F7,F8,F9) or (F6:F9) 4. Enter Subtract out a number =(SUM(F6,F7,))(-F8) Highlight Print Print Selection Recitation #2 Assets = Liabilities + Equity (+) Debit (+) Credit
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Unformatted text preview: (+) Debit Unearned Revenue = future = liability Prepaid = asset Recitation #3 1. 4. 9. E 13. B 16. Same thing as revenue its on income and balance 19. A 21. B c/s-d+r-e Ex) debit in expense is decrease in equity Balance statement can happen at any point in time Cash flow broken down into operating, financing, and investing...
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This note was uploaded on 02/22/2012 for the course ACC 151 taught by Professor Franklin during the Fall '08 term at Syracuse.

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