• Tires
    the ledger General Journal General Ledger 4. Prepare a trial balance of the accounts and complete the work sheet 5. Prepare financial statements 8. Prepare a post-closing trial balance 6. Journalize and post adjusting entries 7. Journalize and post closing entries Entry (4...
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  • Financial Statements
    : | $3,500_____________________________________$10,320 | $3,500_____________________________$10,320 | | | (b)   | Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Use T accounts.Service rev. $15,400Cash Debit | Credit...
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  • Financial Accounting
    adjusting entries for the month of June. Use J3 as the page number for your journal. b) Post the adjusting entries to the ledger accounts. Enter the total from the trial balane as beginning account balances and place a check mark in the posting reference clumn c)Prepare an adjusted trial balance at...
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  • Intro to Financial Accounting 1
    balances carried forward into the next accounting period since the post-closing trial balance will contain only permanent accounts. Summary of the Accounting Cycle * Accounting cycle (short version) 1. Identify and journalize accounting events. 2. Adjusting entries. 3. Prepare financial statements. 4...
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  • Act 557
    , post to ledger accounts, post adjusting entries 11. Speedy Bike Company received a $640 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $460 and a credit to Service Revenue $460. The correcting entry is a. Debit Cash, $640; Credit...
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  • Acgt
    ledger, prepare the adjusted trial balance, enter adjusting entries, prepare financial statements b. record the transaction, prepare the unadjusted trial balance, record adjusting journal entries, record closing entries, prepare financial statements c. record the transaction, post to the ledger...
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  • Masasi's Trial Balance
    : (a) Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal. (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. (c...
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  • accounting
    . Journalise the transactions 3. Post to ledger accounts 4. Prepare a trial balance 5. Journalise and post adjusting entries: prepayments/accruals 6. Prepare an adjusted trial balance 7. Prepare financial statements Income statement Statement of changes in equity Statement of financial position 8...
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  • Accounting Cycle
    entry to reflect “earned” portion of tours sold in advance RECORD ADJUSTING ENTRIES IN JOURNAL POST ENTRIES TO THE LEDGER ACCOUNT: Capital Stock ACCOUNT: Cash Date Dec. 31, 20X3 Description Debit Credit Balance Balance $ 15,500 PREPARE ADJUSTED TRIAL BALANCE FROM...
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  • The Accouting Process
    transactions (1) Step 3: post to ledger accounts (1) Step 4: prepare a trial balance (2) Step 5: journalize and post adjusting entries: prepayments and accruals (2) Step 6: prepare an adjusted trial balance (2) Step 7: prepare FS (BS, IS, RES, Statement of financial position) (2) Step 8: journalize and post...
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  • Accounting Cycle Paper 3
    cycle has nine procedures that lay out the logical sequence. The procedures are: 1. Enter the transactions of the period in appropriate journals. 2. Post from the journals to the ledger (or ledgers). 3. Take an unadjusted trial balance. 4. Prepare adjusting journal entries and post to...
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  • Communicating at Work
    /5/08 5:54 PM Page 133 TEAM-B 108:JWCL039:Ch03: Problems: Set A Instructions (a) Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal. (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account...
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  • Accounting 1-4 Chapter
    month have not been recorded as of June 30. Instructions (a) Prepare the adjusting entries for the month of June. (b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. Use T accounts. (c) Prepare an adjusted trial balance at June...
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  • accounting
    6,400 _______ Totals $206,800 $206,800 Required 1. Prepare T-accounts (representing the ledger) with balances from the unadjusted trial balance. 2. Prepare adjusting journal entries for items (a) through (h) and post them to the T-accounts. Assume adjusting entries are made only at year-end...
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  • Accounting notes
    . liabilities = capital - assets 7. The steps involved in handling all of the transactions and events completed during an account period, beginning with placing data in a book of original entry and ending with a post-closing trial balance, are referred to collectively as: A. accounting B. input...
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  • Financial Accounting
    entries to the accounts in the ledger (Chapter 2).  Prepare a trial balance of the accounts (Chapter 2) and complete the work sheet (Chapter 4). (This step includes adjusting entries from Chapter 3.)  Prepare financial statements (Chapter 4).  Journalize and post adjusting entries (Chapters 3...
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  • The Accounting Cycle
    Accounting Cycle Paper The accounting cycle consists of the following ten steps: 1. Analyze and classify events. 2. Journalizing the event. 3. Posting to the ledger. 4. Taking an unadjusted trial balance. 5. Making adjusting entries. 6. Taking an adjusted trial balance. 7. Prepare financial...
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  • Lala
    balance sheet are the same as the totals of the Balance Sheet columns on the worksheet. 248. The amount of owner’s withdrawals can be found on the worksheet. 249. After the adjusting and closing entries have been recorded and posted, the general ledger accounts that appear on the balance sheet have...
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  • Accounting Cliff
    are posted from the closing journal entry to the ledger, only permanent balance sheet accounts remain in the Texana Restaurant ledger (see Exhibit 1.13). The post-closing trial balance is the source of information needed to prepare a final balance sheet. From the post-closing trial balance, a final...
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  • Acc100Strayer
    entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected. 91. A post-closing trial balance will show a. zero...
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