TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 5 - Price, Haddock, Farina

Chapter 5 - Adjustments and the worksheet. After reading this chapter, you should be able to: Complete a trial balance on a worksheet; prepare adjustments for unrecorded business transactions; complete the worksheet; prepare an income statement, statement of owner's equity, and balance sheet from the completed worksheet; journalize and post the adjusting entries; define the accounting terms new to this chapter. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Adjustments and the Worksheet Section 1: The Worksheet Chapter 5 Section Objectives Complete a trial balance on a worksheet. Prepare adjustments for unrecorded business transactions. ACCOUNT NAME Wells’ Consulting Services Worksheet Month Ended December 31, 2013 TRIAL BALANCE BALANCE SHEET ADJ. TRIAL BAL. ADJUSTMENTS INCOME STMT. The worksheet also has five sections The worksheet has an Account Name column Each section has two columns DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Objective 1 Complete a trial balance on a worksheet 1. Enter the general ledger account names. 2. Transfer the general ledger account balances to the Debit and Credit columns of the Trial Balance section. 3. Total the Debit and Credit columns to prove that the trial balance is in balance. 4. Place a double rule under each Trial Balance column to show that the work in that column is complete. .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• The worksheet
• Trial balance
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll computations
• Payroll laws
• Payroll taxes
• Employee income tax
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions