Dq 1&2

Write: Make sure your response addressing the following questions is more than 200 words

and that you include an in-text citation or a brief quote from the reading material where

appropriate. Use the University of Arizona Global Campus Writing Center resource, Citing

Within Your Paper, (Links to an external site.) for guidelines on properly citing sources.

• What accounts are included in each of the six major groups of accounts?

• State the normal balance of each of the six major groups.

• What effect does a debit and a credit have on each major group?

• How might an imbalance in debits and credits impact a business?

Guided Response: Respond to at least two of your classmates by commenting on their posts.

Though two replies are the basic expectation for class discussions, for deeper engagement and

learning you are encouraged to provide responses to any comments or questions others have

given to you. Continuing to engage with peers and the instructor will further the conversation

and provide you with opportunities to demonstrate your content expertise, critical thinking,

and real-world experiences with the discussion topics.

Dq2

Write: Make sure your response addressing the following questions is more than 200 words

and that you include an in-text citation or a brief quote from the reading material where

appropriate.

• What accounts are contained in the four financial statements?

• What order are the financial statements prepared?

• When the financial statements are prepared, which amounts are transferred from one

statement to the next, and state how this transferred amount is used in the next

statement?

Guided Response: Respond to at least two of your classmates by commenting on their posts.

Do you agree with your peer’s explanations? Why or why not? Though two replies are the basic

expectation for class discussions, for deeper engagement and learning you are encouraged to

provide responses to any comments or questions others have given to you. Continuing to

engage with peers and the instructor will further the conversation and provide you with

opportunities to demonstrate your content expertise, critical thinking, and real-world

experiences with the discussion topics.