1. Chapter 10 $
Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance $
What You’ll Learn
How to record closing entries in the general ledger.
The purpose of a post-closing trial balance.
How to prepare a post-closing trial balance. $ $

2. $ $ $ $ Why It’s Important Key Terms Chapter 10
Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.)
Chapter 10 $
Why It’s Important
A post-closing trial balance verifies that the closing entries are properly recorded in the general ledger and that you are ready to start the next accounting period. $ $ $
Key Terms
post-closing trial balance

3. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.)
Chapter 10 $
Completing the Eighth Step in the Accounting Cycle: Posting Closing Entries to the General Ledger $ $ $

4. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.)
Chapter 10 $
The Ninth Step in the Accounting Cycle: Preparing a Post-Closing Trial Balance $
Prepared to make sure total debits equal total credits after the closing entries are posted. $ $

5. $ $ $ $ Check Your Understanding Chapter 10
Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.)
Chapter 10 $
Check Your Understanding $
After the closing process,what types of accounts have balances other than zero, and what types of accounts have zero balances? $ $