The Recording Process
Chapter Number Chapter 2
The Recording Process 1
, 📖 Table of Contents
Outline
2.1 Accounts, Debits, and Credits
The Account
Debits and Credits
2.2 The Journal
2.3 The Ledger and Posting
Ledger
Posting
Chart of Accounts
The Recording Process Illustrated
Investment of cash by shareholders
Purchase of office equipment
Receipt of cash for future service
Payment of monthly rent
Payment for insurance
Purchase of supplies on credit
Hiring of employees
Declaration and payment of dividend
Payment of salaries
Receipt of cash for services provided
Summary Illustration of Journalizing and Posting
2.4 The Trial Balance
2.1 Accounts, Debits, and Credits
The Account
An account is an individual accounting record of increases and decreases in a
specific asset, liability, or equity item.
The Recording Process 2
Chapter Number Chapter 2
The Recording Process 1
, 📖 Table of Contents
Outline
2.1 Accounts, Debits, and Credits
The Account
Debits and Credits
2.2 The Journal
2.3 The Ledger and Posting
Ledger
Posting
Chart of Accounts
The Recording Process Illustrated
Investment of cash by shareholders
Purchase of office equipment
Receipt of cash for future service
Payment of monthly rent
Payment for insurance
Purchase of supplies on credit
Hiring of employees
Declaration and payment of dividend
Payment of salaries
Receipt of cash for services provided
Summary Illustration of Journalizing and Posting
2.4 The Trial Balance
2.1 Accounts, Debits, and Credits
The Account
An account is an individual accounting record of increases and decreases in a
specific asset, liability, or equity item.
The Recording Process 2
