Accounting 2 – 4/04/08

Objectives:

  •  Define and identify accounting terms and practices related to posting
  •  Post separate items from special journals to the general and subsidiary ledgers
  •  Post totals from special journals into general ledgers 
  •  Prepare a Schedule of Accounts Payable and Accounts Receivable

I.  Bellwork

A.  How is a vendor account opened?

B.  Provide two examples of controlling accounts.   

II.  Chapter 12 Test


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