'Closing entries' presentation slideshows

MTTC Preparation

MTTC Preparation. MTTC # 98. Next test date is January 13, 2007 Regular registration deadline is December 1, 2006 http://www.mttc.nesinc.com/ Additional test dates: April 14 & July 7, 2007 Register by: March 2 and May 25, 2007 respectively. Preparation Resources. MTTC study guides

1.13k views • 96 slides

Chapter Five

Chapter Five. Closing Entries and the Post-Closing Trial Balance. Performance Objectives. List the steps in the accounting cycle Journalize and post closing entries for a service enterprise Prepare a post-closing trial balance

811 views • 53 slides

Skyline College

720 views • 47 slides

Lesson 6 Accounting for Merchandising Activities

Lesson 6 Accounting for Merchandising Activities. Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University. Outline. Merchandising activities Operating cycle of merchandising companies Merchandising cost accounts Inventory systems Merchandise purchases

1.12k views • 39 slides

Completing the Accounting Cycle

Completing the Accounting Cycle. By Rachelle Agatha, CPA, MBA. Slides by Rachelle Agatha, CPA, with excerpts from Warren, Reeve, Duchac. 0. After studying this chapter, you should be able to:.

507 views • 35 slides

Midterm Review Dan Dieringer & Caroline Halt

Midterm Review Dan Dieringer & Caroline Halt. Accounting Cycle. Ethics. Transactions. Source Documents. Financial Statements. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 500. 500. 500. 500. 500.

374 views • 29 slides

Do Now

660 views • 29 slides

Closing Entries and The Post-Closing Trial Balance

Closing Entries and The Post-Closing Trial Balance. Chapter 5. Learning Outcomes. List the steps of the accounting cycle Journalize and post closing entries Prepare a post-closing trial balance. 9 Steps of Accounting Cycle. Analyze transactions and record in journal (Chapters 1 and 2)

1.13k views • 26 slides

Chapter 10: Completing the Accounting Cycle for a Sole Proprietor

Chapter 10: Completing the Accounting Cycle for a Sole Proprietor. Accounting I Ms. Alltucker. Chapter Objectives. Explain why it is necessary to update accounts through closing entries. Explain the purpose of the Income Summary account.

626 views • 26 slides

Reporting and Analyzing Merchandising Activities

572 views • 23 slides

517 views • 23 slides

LESSON 16-1

LESSON 16-1. Recording Adjusting Entries. 2. 1. 4. 6. 5. 7. ADJUSTING ENTRIES RECORDED FROM A WORK SHEET. page 480. 1. Heading. 2. Date. 3. 3. Identify the first adjustment. 4. Account debited. 5. Debit. 6. Account credited. 7. Credit. 8. Continue down the Adjustments columns.

341 views • 22 slides

LESSON 16-1

LESSON 16-1. Recording Adjusting Entries. 2. 1. 4. 6. 5. 7. ADJUSTING ENTRIES RECORDED FROM A WORK SHEET. page 480. 1. Heading. 2. Date. 3. 3. Identify the first adjustment. 4. Account debited. 5. Debit. 6. Account credited. 7. Credit. 8. Continue down the Adjustments columns.

351 views • 22 slides

Accounting 3

Accounting 3. Chapter 26 Section 4 Adjusting, Closing, and Reversing Entries for a Corporation. Adjusting Entries. Adjusting Entries for a corporation are similar to those of proprietorships and partnerships except for the adjustment for federal income tax expense and payable.

365 views • 20 slides

ADJUSTING ENTRIES RECORDED FROM A WORK SHEET

2. 1. 4. 6. 5. 7. ADJUSTING ENTRIES RECORDED FROM A WORK SHEET. page 481. 1. Heading. 2. Date. 3. 3. Identify the first adjustment. 4. Account debited. 5. Debit. 6. Account credited. 7. Credit. 8. Continue down the Adjustments columns.

380 views • 19 slides

Monday, November 8

395 views • 18 slides

Chapter 4

Chapter 4. The Accounting Cycle. List in correct order: (A) Financial statements prepared (B) Transactions posted to ledger (C) Closing entries journalized and posted to ledger (D) Transactions analyzed and recorded in journal

284 views • 17 slides

Accounting Bellwork

Chapter 10. $. Accounting Bellwork. 3 rd Hour: How is the Income Summary account different from other temporary capital accounts?. $. $. $. Chapter 10. $. Accounting Bellwork. It is used only at the end of the fiscal year to summarize the balances from the revenue and expense accounts.

267 views • 11 slides

Sample Problem

Sample Problem. Chapter 6. On December 31 the ledger of Henderson Company contained the following account balances. All accounts have normal balances. Journalize the closing entries. Cash $36,000 Eugene Henderson $24,000 Accounts Receivable 2,400 Fees Income 85,000

193 views • 7 slides

RECORDING, ADJUSTING AND CLOSING ENTRIES

RECORDING, ADJUSTING AND CLOSING ENTRIES. ACT 2112 KUMPULAN 8 SHERLIZA PUAT NELSON. Adjusting entries .

176 views • 2 slides