Competencies:
6320: Accounting
- 46: Prepare entries to close temporary accounts.
- 47: Journalize adjusting and closing entries for a service business.
- 68: Prepare to close temporary accounts for a merchandising business.
- 69: Journalize adjusting and closing entries for a merchandising business.
Understanding the Accounting Cycle for a Service Business
- 46: Prepare entries to close temporary accounts.
- 47: Journalize adjusting and closing entries for a service business.
- 49: Prepare post-closing trial balance for a service business.
- 53: Maintain financial records for a service business, using accounting software.
- 54: Maintain financial records for a service business, using spreadsheet software.70: Prepare post-closing trial balance for a merchandising business.
Learning Objectives
After studying Chapter 8, in addition to defining key terms, you will be able to:
- LO1 Journalize and post closing entries for a service business organized as a proprietorship.
- LO2 Prepare a post-closing trial balance.
Chapter 8 Accounting Text
Chapter 8 Vocabulary Acct
Chapter 8 Coversheet
Chapter 8 mastery etc wkprs
Chapter 8 study guide
Section 1:
- PowerPoint
- 8-1 wkprs
- Articles
Section 2:
- PowerPoint
- 8-2 wkprs
- Articles