1. Classify the following as: Asset, Liability, Owner’s Equity, Revenue or Expense and give the Normal Balance Cash Accounts Receivable Accounts Payable.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 3 - Journals, Source Documents, and Recording Entries in a Journal Hand out Notes.
LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.
Accounting I Review For Fall Final. Know Account Classification Classification Asset Liability Capital/Drawing Sales Expenses Acct. No. __________.
Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Define what a journal is and explain why it is used to record transactions. LO2 Compare.
FINANCIAL STATEMENTS Corporation Financial condition is Public information Posted on the internet Posted Quarterly and yearly Company financials: Posted.