Acc Chapter 3 & 4

Więcej takich

MAT.116 2.5-2.6

przez David Kedrowski

Up MAP

przez Ivan Kochetov

Structure of a financial statement of a company

przez ESTEFANY GUERRERO MESTRA

Theories of Finance

przez Elisa Moreno

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