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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance
Closing processes including three formats of the closing process helping us better understand accounting concepts
Merchandising transaction including purchase and sale of inventory, discounts, and returns.
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Inventory cost flow assumptions - First In First Out (FIFO), Last In Firs Out (LIFO), Weighted Average Methods
Merchandising transaction including purchase and sale of inventory, discounts, and returns. FIFO, LIFO, Average Methods
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal
Internal controls, bank reconciliations, and internal controls related to checking account