Accounting

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Please note that this discussion board will require a minimum of three posts.  These consist of your initial post, your response to comments that I post to your thread, and at least one response to a classmate.  If you post late in the week, it’s possible that I may not be able to provide a comment to you.  In that case, please be sure to provide response posts to at least two classmates.  Chapter 2 (Continued): Analyzing Transactions 1. In accounting its important to understand that there may be events that occur that are not business transactions. Please give us an example of a business transaction that affects the accounting equation. Remember that the expanded accounting equation is: Assets = Liabilities + Owner’s Equity + Revenue – Expenses. Please be sure that you provide this transaction in General Journal format. Additionally give us an example of an event that is not an accounting transaction. 2. Please let us know what you are doing to get those rules of debit and credit memorized. Please let us know if you have any hints to help us with this process.

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