Accounting

Accounting - Chapter 11

Chapter Objectives

  • Explain the purpose of a general journal.
  • Account for purchases returns and allowances.
  • Post a general journal to the accounts payable ledger and general ledger.
  • Account for sales returns and allowances.
  • Post a general journal to the accounts receivable ledger general ledger.
  • Record a correcting entry to the accounts receivable ledger.
  • Explain the relationship between retained earnings and dividends.
  • Account for the declaration and payment of dividends.

Accounting for Transactions Using a General Jounral

Chapter 11 PowerPoint

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Chapter 11 Quizlet

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Application Problem 11-1

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Application Problem 11-2

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Think Like An Accountant

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