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ACC 120: Principles of Financial Accounting

LO 2.1: Identify financial effects of common business activities that affect the balance sheet

LO 2.2: Apply transaction analysis to accounting transactions

LO 2.3: Use journal entries and t-accounts to show how transactions affect the balance sheet

LO 2.4: Prepare a trial Balance and a classified balance sheet

LO 2.5: Interpret the balance sheet using the current ratio and an understanding of related concepts

LO 2.S1: Describe examples of common career paths in accounting

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