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Test IV - Prepare a Post-Closing Trial Balance

Shehla Shehgarlynn operates a repair service, known as Shehgarlynn Repair Service. The following are the accounts of Shehgarlynn for the m...
Test I - Journalizing

The following are the transactions of Shehgarlynn Repair Service. Journalize the following transactions in proper form. The chart of account...
Shehgarlynn Mini Mart

The following are the daily business transaction of Shehgarlynn Mini Mart: January 1, 2013 bought $6,500 of merchandise on account, term...
Welcome

Welcome to my site! Online tutorial class welcomes you to join our online forum, feel free to browse around and if you have any further qu...
Post-Closing Trial Balance

A trial balance prepared after closing the ledger. Temporary capital accounts, having no balances after the closing entries have been posted...
Closing Entries

A journal entries usually prepared at the end of the accounting period to eliminate the balances in the temporary capital account and to tra...
What is Accounting, Accountant, Bookkeeper, and Computer

ACCOUNTING Accounting - Is the process of Analyzing , Classifying, Recording , Summarizing and Interpreting business transaction in fina...
Reversing Entries

An entries recorded at the very beginning of the new accounting period, each representing the exact opposite of the adjusting entry recorded...
Test VII - Final Exam

Shehla Shehgarlynn operates a taxi company known as the Shehgarlynn's Taxi Co. The beginning balance of her accounts as of January 1, 20...
How Revenue and Expenses Affect Capital?

Revenue and Expenses = directly affect owner's equity. If a business earns revenue, there is an increase in owner's equity. If a...

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