Accounting – CYBERTEXT

1) Begin the project by clicking on the General Journal tab. · You can only type in yellow fields. · Be sure to round to the nearest penny. · Use the Chart of Accounts to select the proper account number. · Remember Debits must equal Credits.

2) Pacing yourself

· Transactions 1 through 26 can be done in the General Journal.

· Journalize the Adjusting Entries in the General Journal.

 · Next complete the Closing Entries in the General Journal.

· Finally, complete the Financial Statements (Income Statement, Owner’s Equity, and Balance Sheet)