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ACC 221 Exam 1 Cram Kit

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Week 1 – Accounting Equation, General Journal & Ledger, Trial Balance, Balance Sheet 16 min 11 Concepts Sample Module

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Module Content

0% Complete 0/11 Steps

The Accounting Equation 0:48

Liabilities 1:19

Debits vs. Credits 0:36

Normal Balances 0:51

Journal Entries 3:15

General Journal 0:46

General Ledger 2:24

Pre-Closing Trial Balance 0:33

Balance Sheet 1:17

Week 2 – Revenue vs. Expense, Income Statement, Closing Process 12 min 9 Concepts

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Module Content

0% Complete 0/9 Steps

Accrual Basis Accounting 0:46

Accounts Receivable 1:31

Interest Payable 1:39

Income Statement 0:34

Closing Entries 1:58

General Ledger (with Closing Entries) 1:01

Post-Closing Trial Balance 0:28

Week 3 – Accounts Payable 2 min 1 Concept

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Module Content

0% Complete 0/1 Steps

Accounts Payable 1:15

Week 4 – Adjusting Entries 22 min 6 Concepts

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Module Content

0% Complete 0/6 Steps

Straight-Line Depreciation 3:10

Prepaid Assets 2:47

Note Payable 5:53

Unearned Revenue 3:14

Week 5 – Dividends 3 min 1 Concept

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Module Content

0% Complete 0/1 Steps

Practice Exam 1 – ACC 221

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