Unit 1 Accounting 1 lab
Introductory Concepts
The role of the accountant is to provide useful, reliable information upon which individuals can make sound business decisions. The first step in accomplishing this task begins with analyzing and recording daily business transactions. Accountants use various source documents that verify transactions. In your exercises and problems below, you are given the opportunity to demonstrate your command of this process. The following Exercises and Problems are located in the Questions, Brief Exercises, Exercise and Problem Series A sections in the back of your Chapter 1 Reading.
Accountants express the relationship between accounts by means of the accounting equation and financial statement. The following homework allows you to hone that skill.
Brief Exercise 1-1 through 1-10
Exercise 1-1, 1-9, and 1-10
Your homework is to be completed in WileyPLUS. You access the homework platform through the specific “Lab” link located in this unit’s Lab area. You will have five attempts to complete each problem and will be provided immediate feedback each time you click on “Submit” and your work is graded.
