{"id":67,"date":"2016-12-05T20:00:38","date_gmt":"2016-12-05T20:00:38","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/?post_type=chapter&#038;p=67"},"modified":"2016-12-05T20:00:38","modified_gmt":"2016-12-05T20:00:38","slug":"introduction-the-accounting-cycle","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/chapter\/introduction-the-accounting-cycle\/","title":{"raw":"Introduction: The Accounting Cycle","rendered":"Introduction: The Accounting Cycle"},"content":{"raw":"<div class=\"bcc-box bcc-highlight\">\n<h3>LEARNING OBJECTIVES<\/h3>\nBy the end of this lesson, you will be able to:\n<ul><li>Define an account<\/li>\n\t<li>Define a journal<\/li>\n\t<li>Define a ledger<\/li>\n\t<li>Distinguish between a ledger and a journal<\/li>\n\t<li>Explain how business transactions are recorded using the double-entry accounting method<\/li>\n\t<li>List the general rules for debits and credits<\/li>\n\t<li>Journalize in general journal form and post transactions to a general ledger<\/li>\n\t<li>Prepare a trial balance<\/li>\n<\/ul><\/div>","rendered":"<div class=\"bcc-box bcc-highlight\">\n<h3>LEARNING OBJECTIVES<\/h3>\n<p>By the end of this lesson, you will be able to:<\/p>\n<ul>\n<li>Define an account<\/li>\n<li>Define a journal<\/li>\n<li>Define a ledger<\/li>\n<li>Distinguish between a ledger and a journal<\/li>\n<li>Explain how business transactions are recorded using the double-entry accounting method<\/li>\n<li>List the general rules for debits and credits<\/li>\n<li>Journalize in general journal form and post transactions to a general ledger<\/li>\n<li>Prepare a trial balance<\/li>\n<\/ul>\n<\/div>\n","protected":false},"author":26,"menu_order":6,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-67","chapter","type-chapter","status-publish","hentry"],"part":61,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapters\/67","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/users\/26"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapters\/67\/revisions"}],"predecessor-version":[{"id":374,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapters\/67\/revisions\/374"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/parts\/61"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapters\/67\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/media?parent=67"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/chapter-type?post=67"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/contributor?post=67"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/license?post=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}