1. CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 8-1 Chapter Eight-Recording Adjusting And Closing Entries For A Service Business Objectives: Define terms Identify accounting concepts Record the adjusting and closing entries planned on the work sheet Prepare a post-closing trial balance

2. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 8-1 Recording Adjusting Entries

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 8-1 ADJUSTING ENTRY FOR SUPPLIES 1 2 page 202 3 4 4.Write the title of the account credited. Record the credit amount. 3.Write the title of the account debited. Record the debit amount. 2.Write the date. 1.Write the heading.

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 8-1 ADJUSTING ENTRY FOR PREPAID INSURANCE page 204 1 2 3 3.Write the title of the account credited. Record the credit amount. 2.Write the title of the account debited. Record the debit amount. 1.Write the date.

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 8-1 TERM REVIEW adjusting entries page 205