Double Entry Accounting Workbook

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Double Entry Accounting WorkbookErin LawlorDouble Entry Accounting WorkbookTable of 2Financial Statement Introduction ........................................ ................................ 3Financial Transactions ........................................ ................................ 4Debits and Credits ........................................ ................................ 4Journal 10Chart of 16General 18Trial 19Accounting 25Order of 28Account 29Financial Statements ........................................ ................................ 30Income Statements ........................................ ................................ 31Break-Even 33Balance sheet ........................................ ................................ 34*Bonus MaterialClosing Journal Entry .

statements the Balance Sheet and Income Statement which we will create in this workbook. Examples of the Balance Sheet and Income Statement are on the next page. Financial Statements: The Balance Sheet is like the X on a map that says “You are Here”. It tells you what your business owns, what it owes and what it is worth (book value).

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