19 How many service businesses did you include in your Paducah area business project? Of these, which type is most prevalent?
20 Which is your favorite service business in the Paducah area and why?
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essential questions
- 1. Can you define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship?
- 2. Can you identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship?
- 3. Are you able to record adjusting entries?
- 4. Are you able to record closing entires?
- 5. Can you prepare a post-closing trial balance?
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