ACC 291 Wk 3 Team Reflection

Apr 28th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

ACC 291 Wk 3 Team Reflection

Word Count: 627
Showing Page: 1/3
Week 3 ReflectionACC291Week 3 ReflectionTeam B was discussing what they have learned in week two. Team B learned many things. One thing we discussed was how to distinguish between accounts payable, notes payable,and accrued expenses. Second, team B can prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts. Third, team B discussed how to calculate depreciation and amortization expense using various methods. Finally, we discussed how all these things relate to the practice of accounting and there uses in business.Accounts payable is when companies have liabilities that need to be paid and usually are paid on a monthly basis until the liability is paid in full. Also, accounts payable is most frequently used for long term financing needs. Notes payable is are used for short term f

Review from student

Studypool Student
" Solid work, thanks. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors