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
- 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
- Chapter 16 Exam (password required)
- Start Reinforcement Activity B-Part II.