In this course, the student identifies accounts and processes and records typical cash receipts, cash payments, and payroll transactions for a service business and a merchandising business. The student completes a worksheet; prepares and interprets financial statements; prepares adjusting and closing entries; and understands inventory valuation and depreciation of plant assets. This class is for non-Business majors.
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School
School of Professional Studies and Management
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Number
ACC 1020
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Subject
Accounting (ACC)
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Semester
As Required
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Lecture/Lab/Seminar Hours
3 hours of lecture per week
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Credits
3