Accounting Cycle Review
SUMMARY NOTES:
Chapter 1: Accounting in Action Introduction to Accounting in Action The Accounting Model Transaction Analysis Preparing Financial Statements Chapter 2: The Recording Process Generally Accepted Accounting Principles The Recording Process Chart of Accounts Numbering and Grouping The Trial Balance Chapter 3: Adjusting the Accounts Adjusting Entries Chapter 4: Completing the Accounting Cycle Closing Entries The Classified Balance Sheet Analyzing a Company's Financial Information Exercise Solutions: None Problem Target Numbers: Alou Equipment Repair Pitre Equipment Repair Continuing Cookie Chronicle (Ch. 2) Continuing Cookie Chronicle (Ch. 3) Continuing Cookie Chronicles (Ch. 4) ***** BEFORE BEGINNING CH. 4 COOKIE CHRONICLES ***** Put the following correcting entry in your General Journal and post to your General Ledger to match the Adjusted Trial Balance provided in your textbook: Dr. Unearned Revenue 25 Dr. Depreciation Expense - Equipment 20 Cr. Cash 25 Cr. Accumulated Depreciation Equipment 20 - to correct for Ch. 3 & 4 differences in textbook Where does the 'r' come from in the short form of Debit (Dr.) and Credit (Cr.)?
www.investopedia.com/ask/answers/04/072304.asp |
ACCOUNTING EXERCISES AND PROBLEMS:
Brief Exercises, Exercises, and Problems in textbook for each Summary Note/Chapter can be found in Google Classroom NEW ACCOUNTS: As we learn about new accounts, you can use the following document as a reminder: New Accounts COURSE SUMMATIVE ASSIGNMENT: Summative Accounting Assignment: Continuing Cookie Chronicles (at the end of each chapter) ACCOUNTING FORM TEMPLATES: General Ledger Chart of Accounts, General Journal, & Financial Statements |