Module 4 — Analyzing and Recording Transactions

Module Outline

  • LO 3.3 Define and Describe the Initial Steps in the Accounting Cycle
  • LO 3.4 Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business
    Transactions on Financial Statements
  • LO 3.5 Use Journal Entries to Record Transactions and Post to T-Accounts
  • LO 3.6 Prepare a Trial Balance