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College Accounting
John Price, University of North Texas
M. David Haddock, Chattanooga State Technical Comm. College
Horace Brock, University of North Texas
Connie Hahn, Southern Alberta Institute of Technology
Traven Reed, Canadore College
Completing the Accounting Cycle for a Merchandising

Learning Objectives

Prepare a classified income statement from the worksheet.

Prepare a statement of owner's equity from the worksheet.

Prepare a classified balance sheet from the worksheet.

Journalize and post the adjusting entries.

Journalize and post the closing entries.

Prepare a postclosing trial balance.

List the steps in the accounting cycle.




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