Accounting journal entries cheat sheet

    • [DOC File]SUMMARY OF ACCOUNTING BASICS - Washburn University

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      term liability Credit Balance sheet Work In Process Current asset Debit Balance sheet The Basics. 1. Accounting Equation: Assets = Liabilities + Owner’s Equity ... Analyze and record transactions in journal. 2. Post transactions to ledger. ... 5. Journalize and post adjusting entries. 6. Journalize and post closing entries…

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    • [DOC File]COMPREHENSIVE PROBLEM 1, PERIOD II:

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      Prepare a trial balance on a work sheet. Complete the work sheet. Prepare the income statement. Prepare the statement of owner’s equity. Prepare the balance sheet. Journalize the adjusting entries on page 8 of the general journal. Post the adjusting entries to the general ledger. Journalize the closing entries on page 9 of the general journal.

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    • [DOC File]Chapter 5—Accounting for Merchandising Operations

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      Completing the Accounting Cycle. Adjusting Entries. A merchandiser has the same adjusting entries as a service company. But a merchandiser will have one additional adjustment to make the records …

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    • [DOC File]Great Plains: Short Cut Sheet

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      Prepare a General Journal Entry. Transactions-----Financial-----General p.80. Enter date (change date if necessary), description (reference), GL accounts (Dr, Cr). Make sure difference amount = 0. Post general journal …

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    • [DOC File]Accounting I

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      Journal – chapter 3. Ledgers – chapter 4. Worksheet – chapter 6. Income Statement – chapter 7. Balance Sheet - chapter 7. Adjusting Entries/Closing Entries Journal – chapter 8. Post-Closing Trial Balance – chapter 8. Step 1: Journalize the transactions on pages 147-149. You will be using Page 1 and Page 2 of a Journal

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    • JOURNAL ENTRY “CHEAT SHEET”

      journal entry helpful hints If an Account number begins with a 1, 2, or 3 (a balance sheet account) the Tcode is either B410 (for a credit “-“) or B411 (for a debit “+”). If an Account number begins with a 4 or …

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