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