Acc Chapter 3 & 4

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McD (LA+C)

por Pero Gruyo

topic

por Darya Gorbashova

TD BANKKKK

por Periathamby Biranaban

Accounting Concept Map

por Lucas Chen

Acc Chapter 3 & 4

Transaction

Financial Statements

Closing entries

Reduce RE

Transfer NI to RE

Income Summary to RE

Income Statement to Zero

Expenses to Inc Summary

Dr

Revenues to Inc Summary

Cr

Adjusted Trial Balance

Take consideration of the Adjustments

Adjustments

Gnrl' Ledger

First to General Jrnl'

Accruals

Accrued Expenses

N/P

Accrued Revenues

A/R

Deferrals

Unearned Revenues

Prepaids

Trial Balance

Balance Sheet then Income Statement

General Ledger

By account

Gnrl' Journal

By Date

Journal

Journal Entry

Debit

Expenses

Assets

Credit

Dividends

Revenue

Stockholder's equity

Liabilities