Business

  
Professional - Technical

Timberlake

High School

Courses

Instructors:  Kelly Amos

Jodi Nelson

Accounting I

 

Back to April

Date: April 14, 2008
Topic: Recording Adjusting and Closing Entries for a Partnership
Objective:

=   Identify accounting concepts and practices related to adjusting and closing entries for a merchandising business organized as a partnership

=   Record adjusting entries

=   Record closing entries for an income statement accounts

=   Record closing entries for net income or loss and partner’s drawing account

=   Prepare a post-closing trial balance

 

Entry Task

 

No Entry task today.

Instruction: - Discussed in Class

 

Application problem working time.

Assignments - Assignment List

 

Complete the following application problems:

  • Problems 17-1, 17-2, 17-3, & 17-4  not on computer, Pages 449 - 450.

  • 17-5 & 17-6 on computer, pages 451-452.

  • Extra credit problem 17-8 not on computer, page 453.
 
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