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…
[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.
[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 …
[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 …
[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
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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