Assignment
Required Book: Edmonds, T. P., Edmonds, C., McNair,F. M., & Olds, P. R. Fundamental Financial Accounting Concepts (9th edition). New York, NY: Mcgraw Hill Higher Education. ISBN: 9781259296802.
Part 1
1. Exercise 1-9A on page 40
2. Exercise 1-10A on page 40
3. Exercise 1-4A on page 38
4. Exercise 1-7A on page 39
5. Exercise 1-6A on page 39
6. Exercise 1-8A on page 39
Part 2
Question 1: What is the accounting equation? Why is this important to the practice of accounting? Provide an example of how the accounting equation works with recording transactions within a business.
Question 2: Is there a difference between bookkeeping and accounting? Discuss.
Question 3: Accounting reports past performance. How can this be useful when planning future operations?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.