Introduction to Accounting
Students will receive instruction in analyzing and recording various business transactions and in completing the accounting cycle by journalizing, posting, preparing worksheets, making adjusting and closing entries, and preparing financial statements for service and merchandising business. Instruction will be provided for accounting for cash by using a petty cash fund, reconciling a bank statement, and utilizing the cash short and over account; calculating and journalizing employee's payroll; and calculating and journalizing employer payroll taxes. No previous accounting instruction is necessary. Computer may be utilized.