Acc Chapter 3 & 4

Liabilities

Stockholder's equity

Revenue

Dividends

Assets

Expenses

Journal

Journal Entry

Gnrl' Journal

By Date

General Ledger

By account

Trial Balance

Balance Sheet then Income Statement

Adjustments

Deferrals

Prepaids

Unearned Revenues

Accruals

Accrued Revenues

A/R

Accrued Expenses

N/P

First to General Jrnl'

Gnrl' Ledger

Adjusted Trial Balance

Take consideration of the Adjustments

Closing entries

Income Statement to Zero

Revenues to Inc Summary

Cr

Expenses to Inc Summary

Dr

Transfer NI to RE

Income Summary to RE

Cr

Dividends

Reduce RE

Financial Statements