Chapter 4 — The Adjustment Process

Chapter Outline

  • LO 4.1 Explain the Concepts and Guidelines Affecting Adjusting Entries
  • LO 4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries
  • LO 4.3 Record and Post the Common Types of Adjusting Entries
  • LO 4.4 Use the Ledger Balances to Prepare an Adjusted Trial Balance
  • LO 4.5 Prepare Financial Statements Using the Adjusted Trial Balance

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