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  1. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    flocker, Well, in between cleaning, doing dishes, and making dinner, I've been looking over your Excel sheet and comparing it to mine. I can't separate out the European money from the American. Are they combined? IF so, how do I properly separate them? Cause I'm suppose to keep them...
  2. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: I don't know what I am doing wrong, but I'm not getting the same answers. I'm so frustrated!!!!! Yes, can I see your Excel sheet? I'd like to compare them side by side and see what the heck it is that I'm not adding right. I really, REALLY hate this class. I'll be so glad when it's...
  3. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Never took accounting before this course. I did take Consumer Ed in high school but that wasn't based on math at all. I always took the advanced English and History classes, that's where I excel. Not math. Sometimes this schoolwork makes me feel sooooooo old...
  4. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: I WISH it was that easy!!!
  5. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: I have all of these numbers, yes. I think that for the inventory though, the inventory for the year is only $10,000 because if a new accounting cycle is began each year, then the year 20X1 would not matter, only the inventory from 20X2. The difference between the inventory from year...
  6. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: I haven't chosen a concentration yet. This degree is for Business Administration. I never planned on being an accountant, or working in an accounting department, but this course is mandatory. So was Algebra. I failed the Algebra the first time through, mostly because I let myself...
  7. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: I hope so, I have only one more day to turn it in, after tomorrow. All my assignments are due by midnight the 4th. I wish that lightbulb would come on already! But I am exhausted, so I'm going to go lay down and try to NOT dream of Excel programs and accounting, like I did last...
  8. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Yes, this is my first accounting class EVER, lol. They did intro the T accounting, but that just confuses me too. I guess my brain just can't think backwards when it's so used to thinking a certain way, and using words a certain way. When I think credit, I think in terms of like...
  9. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Ok, here is my fixed accounting sheet: Assets Column Liabilities Column Purchases £250.000 Purchase Returns $7,000 Sales $400,000 Administrative Expenses $20,000 Inventory...
  10. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Ok, backing up and trying to reverse the stubborn brain cells, lol. Man how I hate math! So...I think I boo booed and added my balance sheet to my Accounting sheet. Allow me a minute to fix my errors...
  11. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Oh heavens, I'm with you, greathorse. Three semesters of accounting, plus another for cost accounting, and years of project financial reporting, I thought I'd jump in. Then reality set in and I tried not to keeping reading, you BYCers rock! My head starting spinning after the first...
  12. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Ok, this is what my Excel page looks like now: Assets Column2 Liabilities Column4 Purchases £250.000 Purchase Returns $7,000 Sales $400,000 Administrative Expenses...
  13. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    That is what I got written down last night. But I think that now I have the columns backwards, I think I confused the words credit and debit. The way you explained it, it made sense. Let me swap the columns and see if the company comes out ahead...
  14. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Okay, so I have my columns backwards? That's what I get for only having my evenings to work on this, lol, I get tired and confused! So let me see if I have this right, tell me if I have this right: Assets Column2 Liabilities...
  15. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Ok, I'm more confused than ever now, lol. First, flocker said to put sales in the credit column. The sales in the largest number. I'm confused on that though, because isn't sales income, and shouldn't it go in the debit column? Second, am I separating the Euros, or just amassing it...
  16. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Okay, I was busy busy all day today and this was the first opportunity I've had to work on this. What I have gotten for the debit column, and what I've gotten for the credit column, they aren't equaling the same amounts. Oh, and should I be adding the Euros the American dollar? I'm...
  17. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: That's where it gets confusing for me. Either I'm dense (which I'd like to think I'm not, lol), or I am just mathematically challenged, because I'm trying to understand why, if it's put into the debits column as a debit (the $60 paid to an employee), then why would you ADD it in the...
  18. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Ok, I get the majority of what you are saying, but why wouldn't admin expenses be in the right hand column? Isn't that a credit, not a debit?
  19. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Quote: Oh thank you so much! Maybe he can put it in laymans terms for me, lol. Cause the textbook has me confused!
  20. chicken_china_mom

    Anyone here good at accounting? I can't figure out this assignment...

    Ok, so I've been working on this assignment for this week (each course is 5 weeks long, and this is week 4's assignment), and I am having a lot of trouble with this one, and probably next week's too, because I'm just NOT good in math, and the assets and liabilities really confuse me. I just...
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