Learning Objectives

After studying Chapter 22, in addition to defining key terms, you will be able to:

• LO1 Plan and record end-of-fiscal-period adjustments for a merchandising business organized as a corporation.
• LO2 Prepare an income statement for a merchandising business organized as a corporation.
• LO3 Prepare a statement of stockholders’ equity for a merchandising business organized as a corporation.
• LO4 Prepare a balance sheet for a merchandising business organized as a corporation.
• LO5 Prepare a statement of cash flows for a merchandising business organized as a corporation.
• LO6 Record closing entries for a merchandising business organized as a corporation.
• LO7 Record reversing entries for a merchandising business organized as a corporation.

22 Vocabulary Acct

22 Accounting Text

22 Coversheet

Working papers 22-1 wrkprs, PowerPoint 22-1 lecture series, Excel problem

Working Papers 22-2 wrkprs, PowerPoint 22-2 lecture series, Excel problem

Working Papers 22-3 wrkprs, PowerPoint 22-3 lecture series, Excel problem

Working Papers 22-4 wrkprs, PowerPoint 22-4 lecture series, Excel problem

22 mastery and Challenge problems

22 study guide