Accounting – 1/09/18
I. Bellwork
A. Page 214 Q&A
- Explain how the Concept of Accounting Cycle Period relates to closing entries.
- Explain how the Concept of Matching Expenses with Revenue Relates to closing entries.
II. Objectives
- Journalize and post closing entries for a service business organized as a proprietorship.
- Explain the need for post-closing entries and demonstrate the process.
III. Notebook
- Sequence Map for Journalizing Closing Entries
IV. Classwork
- Page 222 – On Your Own 8-1 & Manually and on Aplia
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