Day 60

After studying Chapter 8, you will be able to:

  • Define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship.
  • Identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship.
  • Record adjusting entries for a service business organized as a proprietorship.
  • Record closing entries for a service business organized as a proprietorship.
  • Prepare a post-closing trial balance for a service business organized as a proprietorship.

Chapter 8 Folder

  1. Share your Chapter 8 folder with your teacher.  Your folder should include the following:
    • Lesson 8-1
    • Lesson 8-2
    • Lesson 8-3
    • Mastery Problem 8-4
    • Challenge Problem 8-5
    • CCT
    • Error Auditing
    • Best Buys Earnings

Chapter 8 Exam

  1. Chapter 8 Exam (password required)

Assignment

  1. Start Financial Statement Analysis Project.