16 – Financial Stmt and Closing entries for Corp.

After studying Chapter 16, in addition to defining key terms, you will be able to:

LO1 Prepare an income statement for a merchandising business organized as a corporation.
LO2 Prepare a statement of stockholders’ equity.
LO3 Prepare a balance sheet for a business organized as a corporation.
LO4 Prepare closing entries.
LO5 Prepare a post-closing trial balance.

PowerPoint – due to file size you will need to go to student shared drive to access the Lecture Series PP for Chapter 16.

16 mastery wkprsand Challenge problems