Chapter 5 — Completing the Accounting Cycle

Chapter Outline

  • LO 5.1 Describe and Prepare Closing Entries for a Business
  • LO 5.2 Prepare a Post-Closing Trial Balance
  • LO 5.3 Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital
    Balance, and Explain How These Measures Represent Liquidity
  • LO 5.4 Appendix: Complete a Comprehensive Accounting Cycle for a Business

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