unit1 principal of accounting db 267905

Assignment Type: Discussion Board   Deliverable Length: 3 paragraphs    ?Points Possible: 75   Due Date: 2/13/2013 8AM CT      The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue. Every student is expected to create an original response to the open ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on both level of engagement and the quality of the contribution to the discussion. At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation. The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit. Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software. Explain to him the rules of debits and credits for the balance sheet and income statement. Provide examples from the manufacturing industry of: a journal entry that would be recorded that impacts the balance sheet. a journal entry that would be recorded affecting the income…