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Chapter 10 Completing the Accounting Cycle for a Sole Proprietorship
Unit A: The Accounting Cycle
Competency 2: Post journal transactions and complete the accounting cycle for a service business using manual and electronic methods. 2.03 Journalize and post adjusting and closing entries.
Check Your Understanding
Section 1 Read Section 1 on pages 232–241 and complete the following exercises on
Page 242.
Thinking Critically Communicating Accounting
Problem 10-1 Preparing Closing Entries Problem 10-2 Analyzing a Source Document
Section 2 Read Section 2 on pages 243–245 and complete the following exercises on page 246. Thinking Critically Communicating Accounting Problem 10-3 Determining Accounts Affected by Closing Entries
Summary
Review the Chapter 10 Summary on page 227 in your textbook.
Key Concepts
Computerized Accounting
Read the Computerized Accounting information on page 198 in your textbook. Preparing Financial Statements Preparing Financial Statements in Peachtree
Review and Activities
Complete the following questions and exercises on pages 248-249.
Using Key Terms Understanding Accounting Concepts and Procedures Case Study Conducting an Audit with Alex Internet Connection Workplace Skills
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Problems
Complete the following end-of-chapter problems for Chapter 10 in your textbook.
Problem 10-4 Preparing Closing Entries Problem 10-5 Preparing a Post-Closing Trial Balance Problem 10-6 Journalizing Closing Entries Problem 10-7 Posting Closing Entries and Preparing a Post-Closing Trial Balance Problem 10-8 Completing End-of-Period Activities
Challenge Problem
Problem 10-9 Completing End-of-Period
Chapter Reviews
Complete the following exercises for Chapter 10 in your Chapter Reviews and Working Papers. Chapter Review Self-Test
Glencoe Online
Working in the Real World – Stress in the Workplace Making It Personal - Bank of America Chapter 10 Podcast Self Assessment Quizzes Chapter 10 Matter of Ethics – Computer Viruses Homework Practice – Preparing a Post-Closing Trial Balance Chapter 10 E-Flash Cards
Quia Activities
• Chapter 10 Completing the Accounting Cycle - Key Terms http://www.quia.com/jg/1124755.html • Chapter 10 Completing the Accounting Cycle - Closing Entries http://www.quia.com/pop/158374.html • Chapter 10 Completing the Accounting Cycle - Accounting Concepts http://www.quia.com/ba/111698.html • Chapter 10 Closing Entries for a Sole Proprietorship - Accounting Concepts http://www.quia.com/rr/236822.html
Computerized Accounting 1
• Chapter 10 Completing the Accounting Cycle - Closing Entries http://www.quia.com/pop/158374.html
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XTRA Activities
XTRA Study Tools http://www.accountingxtra.swlearning.com/general/xtra/games/ch08/games.html o Lesson1 First Things First– Ctrl Print Screen, Paste to Word Doc o Lesson 2 Beat the Clock- Ctrl Print Screen, Paste to Word Doc o Lesson 3 First Things First- Ctrl Print Screen, Paste to Word Doc