acc291t | undergraduate
Principles Of Accounting II
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Sales, A/R, and Cash Receipts
- Record sales transactions.
- Prepare a schedule of accounts receivable.
Purchases, A/P, and Cash Payments
- Prepare a schedule of accounts payable.
- Reconcile the monthly bank statement.
- Record adjusting entries required from the bank reconciliation.
Accruals and Deferrals
- Compute adjustments for accrued and prepaid expense items.
- Compute adjustments for accrued and deferred income items.
- Prepare adjusting entries and the postclosing trial balance.
- Prepare the financial statements.
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