Accounting 1/15/08
Objectives:
- 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
I. Bellwork
A. Identifiy each as a permanent or temporary account:
- Cash
- Income Summary
- Supplies
- Sales
- Capital
- Drawing
- Accounts Receivable
- Advertising Expense
- Accounts Payable
- Supplies Expense
II. Classwork
A. Pages 211 Application Problem 9-1 & 9-2 WB pgs 181-184
B. Pg 212 Application Problem 9-3 WB pg 185
III. Homework
A. Page 209 Wb pgs 179-180