Day 151

After studying Chapter 16, you will be able to:

  • Identify accounting concepts and practices related to adjusting and closing entries for a merchandising business organized as a corporation.
  • Record adjusting entries.
  • Record closing entries for income statement accounts.
  • Record closing entry for dividends.
  • Prepare a post-closing trial balance.

Chapter 16 Folder

  1. Share your Chapter 16 folder with your teacher.  Your folder should include the following:
    • Lesson 16-1
    • Lesson 16-2
    • Lesson 16-3
    • Mastery Problem 16-5
    • Challenge Problem 16-6

Chapter 16 Exam

  1. Chapter 16 Exam (password required)

Assignment

  1. Start Reinforcement Activity B-Part II.