Journalizing Transactions (Sole Proprietorship)

Instructor Note: The following videos assume the entity’s organization structure is a Sole Proprietorship and use account titles such as Owner Capital and Withdrawals. If you use account titles such as Common Stock, Retained Earnings, and Dividends, see our Corporate video.

Debits and Credits

Record and Post Journal Entries

Trial Balance

Financial Statements from a Trial Balance

Debt Ratio