Rent 9780324201482 | College Accounting : Chapters 1-10

Summary Table of Contents

This text has been the leader in the college accounting course because presents concepts simply while ensuring the best, most accurate coverage. College Accounting is designed to make accounting understandable to virtually everyone without sacrificing substance and technical correctness. A step-by-step, straightforward approach helps students build practical accounting skills that are needed when entering the world of work. The text presents simple topics first and gradually builds to more advanced topics, so learners are not overwhelmed. The n... MORE

PART 1 ACCOUNTING FOR A SERVICE BUSINESS

Introduction to Accounting

(14)

The Purpose of Accounting

... MORE

(1)

The Accounting Process

(1)

Generally Accepted Accounting Principles (GAAP)

(1)

Three Types of Ownership Structures

(1)

Sole Proprietorship

(1)

Partnership

(1)

Corporation

(1)

Types of Businesses

(1)

Career Opportunities in Accounting

(3)

Accounting Clerks

(1)

Bookkeepers and Para-Accountants

(1)

Accountants

(2)

Job Opportunities

(1)

End-of-Chapter Review and Assignments

(6)

Analyzing Transactions: The Accounting Equation

(32)

The Accounting Elements

(2)

Assets

(1)

Liabilities

(1)

Owner's Equity

(1)

The Accounting Equation

(1)

Analyzing Business Transactions

(1)

Effect of Transactions on the Accounting Equation

(9)

Expanding the Accounting Equation: Revenues, Expenses, and Withdrawals

(2)

Effect of Revenue, Expense, and Withdrawal Transactions on the Accounting Equation

(6)

Financial Statements

(3)

The Income Statement

(2)

The Statement of Owner's Equity

(1)

The Balance Sheet

(1)

Overview of the Accounting Process

(2)

End-of-Chapter Review and Assignments

(14)

The Double-Entry Framework

(40)

The T Account

(1)

Balancing a T Account

(1)

Debits and Credits

(3)

Assets

(1)

Liabilities and Owner's Equity

(1)

Normal Balances

(1)

Revenues

(1)

Expenses

(1)

Drawing

(1)

Normal Balances for the Owner's Equity Umbrella

(1)

Transaction Analysis

(15)

Debits and Credits: Asset, Liability, and Owner's Equity Accounts

(3)

Debits and Credits: Including Revenues, Expenses, and Drawing

(10)

Summary of Transactions

(2)

The Trial Balance

(2)

End-of-Chapter Review and Assignments

(18)

Journalizing and Posting Transactions

(46)

Flow of Data

(1)

The Chart of Accounts

(1)

Source Documents

(1)

The General Journal

(6)

Journalizing

(5)

The General Ledger

(9)

Four-Column Account

(1)

Posting to the General Ledger

(1)

Steps in the Posting Process

(6)

The Trial Balance

105

(1)

Finding and Correcting Errors in the Trial Balance

106

(3)

Ruling Method

107

(1)

Correcting Entry Method

108

(1)

End-of-Chapter Review and Assignments

109

(24)

Adjusting Entries and the Work Sheet

133

(42)

End-of-Period Adjustments

134

(8)

Supplies

135

(2)

Prepaid Insurance

137

(1)

Wages Expense

138

(1)

Depreciation Expense

139

(2)

Expanded Chart of Accounts

141

(1)

The Work Sheet

142

(2)

The Ten-Column Work Sheet

142

(1)

Preparing the Work Sheet

142

(1)

Preparing the Work Sheet

142

(2)

Finding Errors on the Work Sheet

144

(1)

Journalizing Adjusting Entries

144

(1)

Posting Adjusting Entries

144

(2)

End-of-Chapter Review and Assignments

146

(25)

Appendix Depreciation Methods

171

(1)

Straight-Line Method

171

(1)

Sum-of-the-Years'-Digits

172

(1)

Double-Declining-Balance Method

173

(1)

Modified Accelerated Cost Recovery System

173

(1)

Exercises

174

(1)

Financial Statements and the Closing Process

175

(50)

The Financial Statements

176

(5)

The Income Statement

176

(1)

The Statement of Owner's Equity

176

(3)

The Balance Sheet

179

(1)

Additional Investments by the Owner

180

(1)

The Closing Process

181

(6)

Journalize Closing Entries

183

(2)

Post the Closing Entries

185

(2)

Post-Closing Trial Balance

187

(1)

The Accounting Cycle

188

(4)

End-of-Chapter Review and Assignments

192

(19)

Appendix Statement of Cash Flows

211

(1)

Types of Business Activities

211

(2)

Preparing the Statement of Cash Flows

213

(2)

Appendix Review and Assignments

215

(10)

Comprehensive Problem 1: The Accounting Cycle

217

(8)

PART 2 ACCOUNTING FOR CASH, PAYROLL AND SERVICE BUSINESSES

Accounting for Cash

225

(36)

Checking Account

226

(6)

Opening a Checking Account

226

(1)

Making Deposits

226

(3)

Writing Checks

229

(2)

Bank Statement

231

(1)

Reconciling the Bank Statement

232

(5)

Deposits

232

(1)

Cash Payments

232

(1)

Reasons for Differences Between Bank and Book Balances

233

(1)

Steps in Preparing the Bank Reconciliation

233

(1)

Illustration of a Bank Reconciliation

234

(1)

Journal Entries

235

(2)

Electronic Funds Transfer

237

(1)

The Petty Cash Fund

237

(4)

Establishing a Petty Cash Fund

237

(1)

Making Payments from a Petty Cash Fund

238

(1)

Petty Cash Payments Record

238

(1)

Replenishing the Petty Cash Fund

239

(2)

The Change Fund and Cash Short and Over

241

(2)

Establishing and Operating the Change Fund

241

(1)

Cash Short and Over

241

(2)

End-of-Chapter Review and Assignments

243

(18)

Payroll Accounting: Employee Earnings and Deductions

261

(36)

Employees and Independent Contractors

262

(1)

Employee Earnings and Deductions

262

(9)

Salaries and Wages

263

(1)

Computing Total Earnings

263

(2)

Deductions from Total Earnings

265

(5)

Computing Net Pay

270

(1)

Payroll Records

271

(3)

Payroll Register

271

(1)

Payroll Check

272

(2)

Employee Earnings Record

274

(1)

Accounting for Employee Earnings and Deductions

274

(4)

Journalizing Payroll Transactions

274

(2)

Wages and Salaries Expense

276

(1)

Employee Income Tax Payable

277

(1)

Social Security and Medicare Taxes Payable

277

(1)

Other Deductions

277

(1)

Payroll Record-Keeping Methods

278

(1)

End-of-Chapter Review and Assignments

279

(18)

Payroll Accounting: Employer Taxes and Reports

297

(34)

Employer Payroll Taxes

298

(3)

Employer FICA Taxes

298

(1)

Self-Employment Tax

299

(1)

Employer FUTA Tax

300

(1)

Employer SUTA Tax

300

(1)

Accounting for Employer Payroll Taxes

301

(3)

Journalizing Employer Payroll Taxes

301

(1)

Payroll Taxes Expense

302

(1)

Social Security and Medicare Taxes Payable

302

(1)

FUTA Tax Payable

303

(1)

SUTA Tax Payable

303

(1)

Total Payroll Cost of an Employee

303

(1)

Reporting and Payment Responsibilities

304

(8)

Federal Income Tax Withholding and Social Security and Medicare Taxes

304

(2)

FUTA Taxes

306

(3)

SUTA Taxes

309

(1)

Employee Wage and Tax Statement

309

(1)

Summary of Employee Wages and Taxes

310

(1)

Summary of Reports and Payments

310

(2)

Workers' Compensation Insurance

312

(3)

End-of-Chapter Review and Assignments

315

(16)

Accounting for a Professional Service Business: The Combination Journal

331

(38)

Accrual Basis Versus Cash Basis

332

(3)

Accounting for a Professional Service Business

335

(2)

The Combination Journal

337

(4)

Journalizing in a Combination Journal

339

(2)

Proving the Combination Journal

341

(1)

Posting from the Combination Journal

341

(2)

Determining the Cash Balance

343

(1)

Performing End-of-Period Work for a Professional Service Business

343

(5)

Preparing the Work Sheet

343

(3)

Preparing Financial Statements

346

(1)

Preparing Adjusting and Closing Entries

347

(1)

End-of-Chapter Review and Assignments

348

(21)

Answers to Self-Study Test Questions

369

(2)

Index

371

RENT TEXTBOOKS

College Accounting : Chapters 1-10

Why Rent from Knetbooks?

Top 5 reasons to order all your textbooks from Knetbooks:

Related Products