May 11th, 2015
Studypool Tutor
Price: $10 USD

Tutor description


Word Count: 396
Showing Page: 1/3
Week Four Reflection SummaryACC/290University of PhoenixWeek Three Reflection SummaryWeek three was very informative. The team members knowledge has continued to increase in accounting. The team members learned about preparing closing entries, reversing entries, and a post-closing trial balance. In addition, the team members gain knowledge about preparing a financial statement worksheet, preparing a classified income statement, retained earnings statement, and balance sheet.The closing journal entries are important in the practice of accounting because at the end of the accounting period it helps zero the balances of the temporary accounts, and transferring the balances to the permanent accounts. On the other hand, some companies perform reversing entries to make sure that they record their revenues in the period they earned them and that they recognize their expe

Review from student

Studypool Student
" all I can say is wow very fast work, great work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors