ACCOUNTING I
UNIT A 2.00 APPLY ACCOUNTING PROCEDURES FOR A SOLE PROPRIETORSHIP
2.03 APPLY ACCOUNTING PROCEDURES TO PREPARE END OF PERIOD ADJUSTING AND
CLOSING ENTRIES
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What are the procedures to prepare end of period adjusting entries?
What are the procedures to prepare end of period closing entries?
What are the procedures to prepare post-closing trial balance?
Assignments
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Due Dates
Grades
Notes
2.03 Adjusting and Closing Entries Notes
8-1 WT
8-1 OYO
8-1 Application Problem
8-2 WT
8-2 OYO
8-2 Application Problem
2.03 Post-Closing Trial Balance Notes
8-3 WT
8-3 OYO
8-3 Application Problem
2.03 Key Terms
Automated Accounting Ch. 8 p. 226-227
Chapter 8 Study Guide
2.03 Quiz
Recycling Problem 8-1, Appendix E-7
Chapter 8 Test
Objective 2.03 Assessment in Elements
Project
WT – Work Together OYO – On Your Own
2.03 Vocabulary
Adjusting entries
Permanent accounts
Temporary accounts
Some assignments will be completed electronically using Aplia.
Income summary
accounts
Closing entries
Post-closing trial balance
Accounting cycle
Page 1 of 4
2.03 Adjusting and Closing Entries Notes
Page 2 of 4
2.03 Post-Closing Trial Balance Notes
Page 3 of 4
2.03 Key Terms
Term
Definition
Adjusting entries
Permanent accounts
Temporary accounts
Income summary accounts
Define. Draw illustration below.
Closing entries
Post-closing trial balance
Accounting cycle
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