Summary of Basic Relationships

Summary of Basic Relationships - Corporation on October 31....

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Summary of Basic Relationships Illustration 4-23 summarizes the four basic types of adjusting entries. Take some time to study and analyze the adjusting entries. Be sure to note that each adjusting entry affects one balance sheet account and one income statement account . Illustration 4-23 Summary of adjusting entries Illustrations 4-24 and 4-25 show the journalizing and posting of adjusting entries for Sierra
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Unformatted text preview: Corporation on October 31. When reviewing the general ledger in Illustration 4-25 , note that for learning purposes, we have highlighted the adjustments in color. Illustration 4-24 General journal showing adjusting entries Illustration 4-25 General ledger after adjustments...
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This document was uploaded on 11/03/2011 for the course ACCOUNTING ac 201 at Montgomery.

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Summary of Basic Relationships - Corporation on October 31....

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