BUSINESS HIGH SCHOOL-ACCOUNTING II Worksheets, Adjustments and Financial Statements Chapter 11 Post-Closing Trial Balance Closing Entries Statement of Stockholders’ Equity Financial Statements Ten-Column Worksheet Income Statement Balance Sheet Adjustments Accounting II Essential Learning Expectations-Chapter 11: Adjustments are made for uncollectible accounts, depreciation, accrued interest and salaries, unearned revenue, prepaid interest, and federal corporate income tax. The three financial statements prepared by a merchandising business organized as a publicly held corporation are the Income Statement, the Statement of Stockholders’ equity, and the Balance Sheet. After Closing Entries have been posted, only the permanent accounts will appear on the Post-Closing Trial Balance. Content Vocabulary: Accrual Deferral