41. What verb would you use to describe the process we are going to learn about in Chapter 5?
42. Journal : ___________ :: transaction : journal
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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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