Accounting Topic Questions.

Chapter 1 Topic 1 Imagine that you have been hired to setup the account system for a catering business such as MAC's Catering Services. Mac needs you to develop a chart of accounts for Him that includes numbered list of accounts in the Assets, Liabilities, Owner's equity, withdrawals, Revenue and Expense categories. 1. Create a chart of accounts for Mac's Catering Services in the order of the Expanded Accounting Equation (A, L. O, W, R, E) listing the accounts that you believe will be needed by Mac's Catering Services to run the business and assigning an account number to each one of them. Chapter 1 Topic 2 Mac's also needs to be educated on (a) the four steps in analyzing a transaction; (b) the GAAP, and (c) the SOX Provide him with the necessary education on each one of the above. Chapter 1 Topic 1 Imagine that you have been hired to setup the account system for a catering business such as MAC's Catering Services. Mac needs you to develop a chart of accounts for Him that includes numbered list of accounts in the Assets, Liabilities, Owner's equity, withdrawals, Revenue and Expense categories. 1. Create a chart of accounts for Mac's Catering Services in the order of the Expanded Accounting Equation (A, L. O, W, R, E) listing the accounts that you believe will be needed by Mac's Catering Services to run the business and assigning an account number to each one of them. Chapter 1 Topic 2 Mac's also needs to be educated on (a) the four steps in analyzing a transaction; (b) the GAAP, and (c) the SOX Provide him with the necessary education on each one of the above