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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. How does understanding the mechanics of accounting help a businessperson who has no intention of practicing accounting?
2. Distinguish between a journal and a ledger.
3. Assume that Company A buys $1,500 of merchandise from Company B for cash. The merchandise originally cost Company B $1,000. What entries should the buyer and seller make, and what is the relationship of the accounts for this transaction?
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