Map Exercise 22-1 Refer to Map Exercise 22-1 Mark the Following

question 2

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Map Exercise 22-1
Refer to Map Exercise 22-1 Mark the following continents and oceans:
Asia
Australia
North America
South America
Atlantic Ocean
Pacific Ocean

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the accounts for the next period.

Owner's Equity Statement

A financial statement that shows the changes in the equity of a company's owner(s) over a period of time.

Net Income

The amount of money that remains after all operating expenses, taxes, and interest have been deducted from total revenue.

Adjusted Trial Balance

A statement that lists all accounts and their balances after adjustments have been made, serving as the basis for preparing financial statements.