DISCUSSION 1
Prior to beginning work on this discussion, read Chapters 1 and 2 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate. Use the Ashford Writing Center resource Citing Within Your Paper (Links to an external site.)Links to an external site. for guidelines on properly citing sources.
• What accounts are included in each of the six major groups of accounts?
• State the normal balance of each of the six major groups.
• What effect does a debit and a credit have on each major group?
• How might an imbalance in debits and credits impact a business?
DISCUSSION 2
Prior to beginning work on this discussion, read Chapters 1 and 2 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.
• What information is contained in the four financial statements?
• What order are the financial statements prepared?
• Why do the four financial statements have to be prepared in this order?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.