POST-CLOSING TRIAL BALANCE

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POST-CLOSING TRIAL BALANCE
1. Write the heading.
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2. Write titles of all general ledger accounts
with balances in the Account Title column.
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3. Write each accounts balance.
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6
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4. Rule a single line.
5. Compare the two column totals.
6. Write Totals.
7. Write the column totals.
8. Rule double lines.
Lesson 9-3, page 213
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ACCOUNTING CYCLE FOR A SERVICE BUSINESS
1. Source documents checked for accuracy, and
transactions are analyzed.
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2. Transactions are recorded in a journal.
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3. Journal entries are posted to the general
ledger.
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4. Work sheet is prepared.
5. Financial statements are prepared.
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6. Adjusting and closing entries are journalized.
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7. Adjusting and closing entries are posted.
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8. A post-closing trial balance is prepared.
Lesson 9-3, page 214
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TERMS REVIEW
post-closing trial balance accounting cycle
Lesson9-3, page 215