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|  |  |  |  | College Accounting, Eighth Edition
Douglas J. McQuaig, Wenatchee Valley College
Patricia A. Bille, Highline Community College
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 |  | Performance Objectives
Chapter 6: Accounting for Professional Enterprises: The Combined Journal
- Describe the accounting records for a professional enterprise.
- Record transactions for both a professional and a service enterprise in a combined journal.
- Post from the combined journal and determine the cash balance.
- Prepare a work sheet for a professional enterprise.
- Prepare financial statements for a professional enterprise.
- Record adjusting and closing entries in a combined journal.
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