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Nov 23, 2024
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ACC 111 - Introduction to Accounting
3 credits
Students will receive instruction in analyzing and recording various business transactions and in completing the accounting cycle by journalizing, posting, preparing worksheets, making adjusting and closing entries, and preparing financial statements for service and merchandising businesses. Instruction will be provided for accounting for cash by using a petty cash fund, reconciling a bank statement, and utilizing the cash short and over account; calculating and journalizing employees payroll; and calculating and journalizing employer payroll taxes. No previous accounting instruction is necessary.
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