Lesson 2: Preparing the Financial Statements

Description

Lesson two covers step-by-step, how to prepare the basic financial statements (income statement, balance sheet, and retained earnings statement) for a service company. The five major types of accounts are reviewed and the particular financial statement on which each type of account appears.

Blank Handout | Example Handout | Transcript

#financialstatements #incomestatement #balancesheet #retainedearningsstatement #accounttypes