Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Journal Entries: Debits and Credits

Financial Accounting

2. Transaction Analysis

Journal Entries: Debits and Credits

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Multiple Choice

The check routing symbol is commonly _____ on a personal check.

located in the upper right corner

written on the back of the check

found in the signature line

printed in the lower left corner

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Verified step by step guidance

Understand the components of a personal check: A personal check typically includes several key elements such as the check number, date, payee name, amount, signature, and routing information.

Learn about the check routing symbol: The routing symbol is a nine-digit number used to identify the financial institution associated with the check. It is essential for processing payments and transfers.

Identify the location of the routing symbol: On a standard personal check, the routing symbol is printed in the lower left corner, near the account number and check number.

Recognize the importance of the routing symbol: This symbol ensures that the check is routed to the correct bank for processing, making it a critical part of the check's functionality.

Verify the placement on a sample check: To confirm understanding, examine a sample check and locate the routing symbol in the lower left corner, ensuring familiarity with its appearance and placement.