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.