Reinforcement Activity 1 Part A P 153 Answer Key - _verified_ Full

Did you write $540 as $450? This is the most common mathematical error in accounting.

List all accounts. Total debits must equal total credits. reinforcement activity 1 part a p 153 answer key full

Transferring data from the journal to the General Ledger. Did you write $540 as $450

Look out for "Received cash from owner as an investment" (Debit Cash, Credit Capital) and "Paid cash for rent" (Debit Rent Expense, Credit Cash). reinforcement activity 1 part a p 153 answer key full

Did you record the amount used in the adjustments column, or the amount remaining? You should subtract the "on hand" value from the ledger balance to find the adjustment.

Move the updated totals to either the Income Statement or Balance Sheet columns. Troubleshooting Your Totals (Self-Check Key)

Post chronologically to keep your running balances accurate.