Accounting Cycle Steps 5–9
Completion requirements
Watch these short videos on the accounting cycle. If you need to, rewatch the videos for Steps 1 through 4 before you begin. These videos go through the entire accounting cycle: journals, postings, worksheets, adjusting entries, post-closing entries, and financial statements. You will see the process as one continuous activity. The method is slightly different between sole proprietorship companies and corporations. Learn both, since over the course of your career you may find yourself in both types of organization.
- Video 1: Accounting Cycle Step 5: Adjusting Entries Basics
- Video 2: Accounting Cycle Step 6 Adjusted Trial Balance for Corporations
- Video 3: Accounting Cycle Step 7 Single Step Income Statement
- Video 4: Accounting Cycle Step 7 Statement of Owners Equity
- Video 5: Accounting Cycle Step 7 Classified Balance Sheet for Sole Proprietorships
- Video 6: Accounting Cycle Step 8 Closing Entries to Retained Earnings
- Video 7: Accounting Cycle Step 8 Closing Entries to Income Summary for Sole Proprietorships Part 1
- Video 8: Accounting Cycle Step 8 Closing Entries to Income Summary for Sole Proprietorships Part 2
- Video 9: Accounting Cycle Step 9 Post Closing Trial Balance for Corporations
- Video 10: Accounting Cycle Step 9 Post Closing Trial Balance for Sole Proprietorships
Source: Dave Alldredge
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Last modified: Tuesday, 10 December 2024, 3:45 PM