ACTBAS1 - Lecture 11 (Completion of Acctg Cycle)
Mid-Term review part 2 2014. #1 Classify Sales Discounts a.Assets, debit b.Contra Revenue, credit c.Contra Revenue, debit d.Cost of merchandise, debit.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 8-1 Recording Adjusting Entries Accounting Period Cycle: When a company prepares a.
THE ACCOUNTING CYCLE: Closing Entries 1. Previous Lecture 2 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income statement Balance Sheet.
5-1 Quiz (chapter 5) will occur on Thursday Oct 9 2 Unit 2: Chapter 5.
1 1. Describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements. 2. Prepare.
Keyterms Journal Entries Closing Entries Normal Balance Accounting Cycle 50 40 30 20 10 20 30 40 50 10 20 30 40 50 10 20 30 40 50 10 20 30 40 50.
Completing the Accounting Cycle
Warren SM Ch.04 Final
Closing Entries and The Post-Closing Trial Balance Chapter 5.
