Discussion:
The Effects of Transactions in T-Accounts
Activity Context
Revisit the Course Alignment Map to review how all activities assist you in achieving the course competencies and overall program outcomes.
Activity Instructions
The ability to determine the financial impact of transactions is an important skill that all business professionals should possess. T-accounts provide a valuable tool for analyzing the effects of transactions. This assignment provides you the opportunity to analyze various transactions using T-accounts and utilize the information to prepare a classified balance sheet. In addition, you will utilize the new concepts learned in this chapter to further analyze the financial statements of Urban Outfitters.