Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Assets
=
Assets =
Liabilities
Liabilities
+/+/-
-/+
-/+
+
+
Shareholder's
Shareholder's
Equity
Equity
Expenses/Loss
Expenses/Loss
es
es
+/+/-
Revenues/Gain
Revenues/Gain
s
s
-/+
-/+
5.
6.
7.
8.
i. COGS xx
Inventory x
Purchases xxx
Prepare an unadjusted trial balance
Record adjusting entries
I. Prepayments: cash flows proceed either expense or revenue
recognition
Depreciation Expense
10
Accumulated Depreciation
10
Unearned Rent Revenue
10
Rent Revenue
10
II. Accruals: occur when the cash flow comes after either
expense or revenue recognition
salaries expense
10
salaries payable
10
III. Estimates
Prepare an Adjusted Trial Balance
Preparation of Financial Statements