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 week.
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:
o a journal entry that would be recorded that impacts the balance sheet.
o a journal entry that would be recorded affecting the income statement.
• Please provide the assumptions behind the transactions and the full journal entries.
300 word
USA 
India