1. Appendix A

2. think there are two parts to every entry what did the Co. receive
what did it give up OR
why did we receive it
why did we give it up

3. think
will this go on the
income statement
balance sheet

7. for each part of the entry - think
is this a(n)
revenue (sales)
expense
asset
liability
contribution from the owner

8. Accounting cycle general journal - recording general ledger - posting
trial balance
adjusting journal entries
financial statements

9. general journal - recording
the general journal is a diary
it is in chronological order
in the order transactions or events occur

13. General ledger - posting
the general ledger is an account
your checkbook is a ledger account
it shows increases in the account
decreases in the account
the account balance

64. trial balance
it is just a listing of account balances

66. adjusting journal entries
adjustments that we need to make to account balances
same old General Journal
same old General Ledger

79. Adjusted trial balance

85. set the score card to Zero
February
a new game
set the score card to Zero