Intermediate Accounting -Accounting Notes #3

Accounting cycle chapter 3 1 2 3 4 original entries

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: it +) goes to B/S for this year. Accounting Cycle: Chapter 3: 1. 2. 3. 4. Original Entries – during the year Adjusting Entries – at year end Closing Entries – at year end Reversing Entries – 1st day of new year P3-5 Prep. Given Partial Trial Balance: Use this for balance information & for account titles used in original entries Part B: Amounts shown on Income Statement Trial Balance + or < > amount of Adjusting entry. Closing Entries (at year end): Same 4 Entries: get Income Statemen...
View Full Document

Ask a homework question - tutors are online