After studying Chapter 2, you will be able to:
- Define accounting terms related to analyzing transactions into debit and credit parts.
- Identify accounting practices related to analyzing transactions into debit and credit parts.
- Use T accounts to analyze transactions showing which accounts are debited and credited for each transaction.
- Analyze how transactions to set up a business affect accounts.
- Analyze how transactions affect owner’s equity accounts.
Mastery Problem 2-5
- Make a copy of this spreadsheet.
- Place this file in your Chapter 2 folder.
- Rename the file to Mastery Problem 2-5-(Your Initials)
- Complete the spreadsheet according to the directions on page 48.
Challenge Problem 2-6
- Make a copy of this spreadsheet.
- Place this file in your Chapter 2 folder.
- Rename the file to Challenge Problem 2-6-(Your Initials)
- Complete the spreadsheet according to the directions on page 49.
Study Guide 2
- Complete this Chapter 2 Study Guide to assess your learning from Chapter 2. You have as many attempts as needed to get as good of a score as you can.
Chapter 2 Practice Exam
- To help you prepare for your Chapter 2 exam, you are free to use this practice exam.