Video Tutorial
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Step 3 - Year-end Procedure
Finish your Systems Understanding Aid project strong with this comprehensive year-end procedures tutorial. This video walks you through how to prepare adjusting entries, complete the year-end worksheet, record closing entries, and generate financial statements for Waren Sports Supply.
$199
Objectives
- Designed for accounting students and educators, this step-by-step guide explains every part of the accounting cycle closing process — from depreciation and bad debt adjustments to preparing the post-closing trial balance.
- Gain confidence in your understanding of real-world accounting systems and master the final stage of the Systems Understanding Aid project with ease and accuracy.
Product Details
What's Included:
- Learn how to complete the Year-End Procedures in the Systems Understanding Aid (SUA) project.
- Prepare an unadjusted trial balance and transfer balances to the year-end worksheet.
- Record adjusting entries such as depreciation, interest expense, bad debt expense, and ending inventory.
- Calculate and record federal income tax expense based on year-end income.
- Prepare formal financial statements: Income Statement, Balance Sheet, and Statement of Cash Flows.
- Create an accounts receivable aging report to support financial analysis.
- Perform closing entries and generate a post-closing trial balance to finalize the books.
Important Note
Please fill in your Google mail during checkout and will get an access link to Google Drive.
Please carefully review the transaction list details (visible in video preview) and ensure they match your requirements before purchasing.
Refund Policy
Due to the access nature of digital products, all sales are final and nonrefundable.
This policy is clearly stated in product descriptions and during the checkout process.