Scribd Logo
Upload

Welcome to Scribd!

  • Accounting Cycle: Click To Edit Master Title Style

    Uploaded by

    Georgia Cerezo
    10 views11 pages
    The document outlines the accounting cycle process which includes journalizing transactions, posting journal entries to ledger accounts, preparing a trial balance, and using a worksheet to prepare financial statements. It provides examples of journal entries recorded for various business transactions involving cash, purchases, sales, expenses, and payments between July 1 and July 30. The journal entries are then posted to accounts to update account balances which are listed in a trial balance on July 30.

    Original Description:

    Char

    Original Title

    BOOKKEEPING-PART-3

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines the accounting cycle process which includes journalizing transactions, posting journal entries to ledger accounts, preparing a trial balance, and using a worksheet to prepare financial statements. It provides examples of journal entries recorded for various business transactions involving cash, purchases, sales, expenses, and payments between July 1 and July 30. The journal entries are then posted to accounts to update account balances which are listed in a trial balance on July 30.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views11 pages

    Accounting Cycle: Click To Edit Master Title Style

    Uploaded by

    Georgia Cerezo
    The document outlines the accounting cycle process which includes journalizing transactions, posting journal entries to ledger accounts, preparing a trial balance, and using a worksheet to prepare financial statements. It provides examples of journal entries recorded for various business transactions involving cash, purchases, sales, expenses, and payments between July 1 and July 30. The journal entries are then posted to accounts to update account balances which are listed in a trial balance on July 30.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    Click to edit Master title style

    Accounting Cycle

    1
    Click to edit Master title style

    2 2
    I LClick
    LU STto edit
    R AT I O NMaster
    1 title style

    3 3
    Click to edit Master title style
    JOURNALIZING
    DATE PARTICULARS LF DEBIT CREDIT
    July 1, 2007 CASH   200,000.00  
    CAPITAL 200,000.00
    JULY 04, 2007 PURCHASES   20,000.00  
    CASH 20,000.00
    JULY 05, 2007 CASH IN BANK   40,000.00  
    CASH 40, 000.00
    JULY 07, 2007 CASH   15, 000.00  
    SALES REVENUE 15,000.00
    JULY 10, 2007 PURCHASES   25,000.00  
    ACCOUNTS PAYABLE 25,000.00
    JULY 11, 2007 FURNITURES AND FIXTURES   18,000.00  
    CASH 18,000.00
    JULY 12, 2007 SALARIES AND WAGES   8,000.00  
    CASH 8,000.00
    JULY 20, 2007 CASH   500.00  
    INTEREST INCOME 500.00
    JULY 25, 2007 ACCOUNTS PAYABLE   25,000.00  
    CASH 25,000.00
    JULY 30, 2007 CASH   50,000.00  
    CAPITAL 50,000.00
    4 4
    POSTING
    Click to edit Master title style

    5 5
    POSTING
    Click to edit Master title style

    6 6
    TRIAL BALANCE
    Click to edit Master title style

    7 7
    Click to edit Master title style

    8
    WORKSHEET
    Click to edit Master title style

    9
    Click to edit Master title style

    1010
    Click to edit Master title style

    1111

    You might also like