LESSON 8-3 Preparing a Post-Closing Trial Balance

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Presentation transcript:

LESSON 8-3 Preparing a Post-Closing Trial Balance 4/24/2017 LESSON 8-3 Preparing a Post-Closing Trial Balance

GENERAL LEDGER ACCOUNTS AFTER ADJUSTING AND CLOSING ENTRIES ARE POSTED page 213 LESSON 8-3

POST-CLOSING TRIAL BALANCE page 216 1. Heading 4 1 2. Account titles 3. Account balances 2 3 4. Single rule 5. Compare totals 6. Totals 7. Record totals 6 7 8. Double rule 8 5 LESSON 8-3

ACCOUNTING CYCLE FOR A SERVICE BUSINESS page 217 1. Analyzes transactions 1 2. Journalize 2 3. Post 8 4. Prepare work sheet 5. Prepare financial statements 3 6. Journalize adjusting and closing entries 7 4 7. Post adjusting and closing entries 8. Prepare post-closing trial balance 6 5 LESSON 8-3

TERMS REVIEW post-closing trial balance accounting cycle page 219 LESSON 8-3