City Cycle Shop: An Accounting Practice Set
April 2016, ©2007
- Business transactions and the types of supporting business documents.
- Analyzing business transactions and recording them using a general journal.
- Preparing adjusting journal entries.
- Posting journal entries to the general ledger.
- Preparing financial statements.
This practice set integrates the business events, accounting concepts, procedures, and records in the accounting cycle chapters of Principles of Accounting texts. Preparation of this practice set will reinforce the concepts and procedures learned and provide an excellent way to see how they are all brought together to generate the accounting information that is essential in assessing the financial status and operations of a business firm.
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