Chapter 17

Recording Adjusting and Closing Entries
for a Partnership

Essential Questions

How are adjusting entries recorded for a merchandising business organized as a partnership? How are closing entries recorded for a merchandising business organized as a partnership? How is a post-closing trial balance for a merchandising business organized as a partnership prepared?

TERMS FOR CHAPTER 17

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ASSIGNMENTS

Recording Adjusting Entries Read pp. 428-433 1) View Power Point presentation 17-1 2) Complete Application Problem 17-1 p. 449 3) Work on Study Guide 17 Time 2 days Recording Closing Entries for Income Statement Accounts Read pp. 434-438 1) View Power Point presentation 17-2 2) Complete Application Problem 17-2 p. 449 3) Continue to Work on Study Guide 17 Time 1 day Recording Additional Closing Entries Read pp. 439-442 1) View Power Point presentation 17-3 2) Complete Application Problem 17-3 p. 450 3) Continue to Work on Study Guide 17 Time 1 day

Preparing a Post-Closing Trial Balance Read pp. 443-448 1) View Power Point presentation 17-4 2) Complete Application Problems 17-4 & 17-5 pp. 450-451 3) Complete Study Guide 17 Time 1 day Complete Mastery Problem 17-6 p. 452 Time 1 day Additional Chapter exercises Chapter Seventeen Internet Activity Accounting in Your Career p. 429 Explore Accounting p. 448 Time 3 days Challenge Problem 2-5 p. 36 may be completed for extra credit