Postings are made to the general ledger Provided Consulting services for cash A compound entry Accounts Payable Assets and Liabilities revenue credit side Increase expenses Accounts Payable and Expenses Cash and Revenue Journal entries are recorded revenues closed accounts receivables Cash and Accounts Receivable Assets and Owner’s Equity cash - adjusted to match the bank statement Received utility bill dr. supplies expense cr. supplies Book of final entry Financial Statement prepared cash payment on a note from the bank Cash Transaction occur salary expense closed dr. rent expense cr. prepaid rent Postings are made to the general ledger Provided Consulting services for cash A compound entry Accounts Payable Assets and Liabilities revenue credit side Increase expenses Accounts Payable and Expenses Cash and Revenue Journal entries are recorded revenues closed accounts receivables Cash and Accounts Receivable Assets and Owner’s Equity cash - adjusted to match the bank statement Received utility bill dr. supplies expense cr. supplies Book of final entry Financial Statement prepared cash payment on a note from the bank Cash Transaction occur salary expense closed dr. rent expense cr. prepaid rent
(Print)
Postings are made to the general ledger
Provided Consulting services for cash
A compound entry
Accounts Payable
Assets and Liabilities
revenue
credit side
Increase expenses
Accounts Payable and Expenses
Cash and Revenue
Journal entries are recorded
revenues closed
accounts receivables
Cash and Accounts Receivable
Assets and Owner’s Equity
cash - adjusted to match the bank statement
Received utility bill
dr. supplies expense
cr. supplies
Book of final entry
Financial Statement prepared
cash payment on a note from the bank
Cash
Transaction occur
salary expense closed
dr. rent expense
cr. prepaid rent
