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WUSTL ACCT 2610 - Class 3 - Chapter 1 for students-1
School name Washington University in St. Louis
Course Acct 2610- Principles of Financial Accounting
Pages 5

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Chapter 1 Financial statements and business decisionsProblem 1Problem 1: hintsProblem 2: Intro to chapter 2What did we do?1Chapter 1 Financial statements and business decisionsAccounting 2610 – Class 3Xiumin Martin1/22/20132Problem 13Problem 1: hintsRemember:Assets = Liabilities + SERev – Exp = IncomeRE (beg) + Income – Dividends = RE (end)SE = CC + REAssume:No dividends were distributedCC did not change in 20044Problem 2: Intro to chapter 2Let’s look at the effects of transactions on the accounting equationA = L + SE How is it kept in balance?Grab your supplement containing practice problem 2.5What did we do?Practice ProblemsRelations among statementsIntro to chapter

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WUSTL ACCT 2610 - Class 3 - Chapter 1 for students-1

School: Washington University in St. Louis
Course: Acct 2610- Principles of Financial Accounting
Pages: 5
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