W2

Part 1
 
Write a 150- to 200-word individual response to the following:

Consider the multiple definitions of collaboration.
Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.
Answer the question individually.

Click the Assignment Files tab to submit your assignment and be sure to attach a copy of your Learning Team Charter for Collaborative Learning Activities.

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Part 2
 
Write a minimum 150-word response to each of the following scenarios from Exercise E3-1 in Financial Accounting (p. 132) describing the effect of each transaction on assets, liabilities, and stockholder’s equity: 

Selected transactions for Thyme Advertising Company, Inc.

Issued common stock to investors in exchange for cash received from investors.
Paid monthly rent.
Received cash from customers when service was performed.
Billed customers for services performed.
Paid dividend to stockholders.
Incurred advertising expense on account.
Received cash from customers billed in (4).
Purchased additional equipment for cash.
Purchased equipment on account. 

Use the Excel® spreadsheet to record your answers and submit with your responses.