1 7th Edition Answer Key Chapter 2 — Accounting

: Total Assets must always equal the sum of Total Liabilities and Owner’s Equity. 4. Transaction Analysis (Double-Entry System)

Exercises in this chapter typically require students to organize a random list of items into a formal Balance Sheet. Accounting 1 7th Edition Answer Key Chapter 2

List and total all Assets (items of value owned, like Cash or Equipment). : Total Assets must always equal the sum