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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
The General Ledger and Financial Statements

Learning Objectives

Post to the general ledger.

Prepare a trial balance from the ledger.

Develop a chart of accounts.

Describe the relationship between assets and expenses.

Prepare adjustments for unrecorded business transactions.

Journalize and post adjusting entries.

Prepare an adjusted trial balance from the ledger.

Prepare an income statement, statement of owner's equity, and balance sheet from the adjusted trial balance.




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