The Accounting Cycle

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Trial Balance

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Adjusting Entries

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Adjusted Trial Balance

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 Closing

Contoh: Beberapa rekening revenue (setelah adjustment)

CA Shop pada akhir tahun adalah sbb:
Sales Revenue $280,000
Rental Revenue 27,000
Interest Revenue 5,000

Closing entries untuk rekening Revenue adalah:

Sales Revenue $280,000
Rental Revenue 27,000
Interest Revenue 5,000
Income Summary 312,000

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 Closing

Beberapa rekening expense (setelah adjustment) CA Shop pada akhir tahun

adalah sbb:
Cost of Goods Sold $206,000
Selling Expenses 25,000
G&A Expenses 40,600
Interest Expense 4,400
Income Tax Expense 13,000

Closing entries untuk rekening Revenue adalah:

Income summary $289,000
Cost of Goods Sold $206,000
Selling Expenses 25,000
G&A Expenses 40,600
Interest Expense 4,400
Income Tax Expense 13,000 15
 Closing

Menutup rekening Income Summary

Income Summary $23,000

Retained earning $23,000

Retained Earning $ 7,000

Dividends $ 7,000

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Closing

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Post-Closing Trial Balance

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Reversing Entries

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