GOAL: Before you leave class today, you will be able to:
- List the steps in the accounting cycle
- Journalize and post closing entries for a service enterprise
- CHAPTER 5 INTRO & LEARNING OBJECTIVE 1 VIDEO–pages 194 to 195 in your textbook–follow along!!
- CHAPTER 5 LEARNING OBJECTIVE 2 VIDEO–pages 195 to 204–following along in your textbook. Toward the end, be sure to read pages 201-204 thoroughly (the video does not, but it is important stuff!!) Also, get the handout from your teacher for the practice exercise on page 210 (or download & print this file) & check your work with the solution on page 211.
- Either download & PRINT this handout or get a copy from your teacher and do the following from pages 215-217 in your textbook: Exercises 5-1 to 5-6. Turn it in when you are done.
- To complete Problem 5-2A on page 220 in your book DOWNLOAD THIS FILE & do it while WATCH & LISTENING TO THIS VIDEO. Show me when you are done.
- DOWNLOAD THIS FILE to complete Problem 5-2B. Show me when you are done