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Unformatted text preview: original entry. Write the year Write the Month Write the dates in the date column Write the account title of the debited account Write the amount in the debit amount column Write the account title of the credited account a few spaces over Write the amount in the credit column Write an explanation containing all the essential information about the account Prepare a trial balance and use it to prepare financial statements-Preparing a trial balance: List each ledger or T account and place the ending debit or credit balance in the appropriate amount column. Total the debits and credits Compare the totals to see that the debits and credits are equal-Preparing financial statements Income Statement Statement of owners Equity Balance Sheet Analyze financial statement information for real-life companies...
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