Users of Financial Information
Types of Business Entities
The Use of Generally Accepted Accounting Principles (GAAP)
The Statement of Owner's Equity and the Balance Sheet
The Need for Financial Information
The Income Statement
The Importance of Financial Statements
The Fundamental Accounting Equation
Tax Authorities' Use of Financial Information
Suppliers' Use of Financial Information
Sole Proprietorships
Selling Services on Credit
Selling Services for Cash
Renting Facilities
Recording Prepaid Rent
Recording a Payment to a Creditor
Recording a Credit Purchase of Equipment
Recording a Cash Purchase of Supplies
Recording a Cash Investment
Purchasing Supplies
Purchasing Equipment on Credit
Purchasing Equipment for Cash
Paying Utilities Expense
Paying Employees' Salaries
Paying a Creditor
Partnerships
Owners and Managers' use of Financial Information
Generally Accepted Accounting Principles (GAAP)
Employees' and Unions' Use of Financial Information
Effect of Owner's Withdrawals
Earning Revenue and Incurring Expenses
Customer's Use of Financial Information
Corporations
Collecting Receivables
Business Transactions - Beginning with Analysis
Bank's Use of Financial Information
Accounting for an Initial Business Investment
Accounting Defined
Account Balances
Managerial Implications of Accounting Systems
Reconciling Changes in the Checking Account Balance
Reconciling the Bank Statement
Handling Postdated Checks
Preparing the Check Deposit Slip
Endorsing Checks
Debit Cards
Writing Checks
Control of Cash Payments
Control of Cash Receipts
Internal Control over Cash
Internal Control of the Petty Cash Fund
Replenishing the Petty Cash Fund
The Petty Cash Analysis Sheet
Making Payments from the Petty Cash Fund
Establishing the Petty Cash Fund
The Petty Cash Fund
Collection of a Promissory Note and Interest
Receipt of a Cash Refund
Cash Received on Account
Cash Sales and Cash Short or Over
Cash Receipts
Cash Transactions
Sales Taxes
Schedule of Accounts Receivable
The Accounts Receivable Ledger
Reporting Net Sales
Cash Discounts on Sales
Computing Trade Discounts
Accounting for Different Types of Credit Sales
Credit Policies
Recording Sales Returns and Sales Allowances
Recording Sales with Sales Tax Payable for Cash and On Account
Recording Sales for Cash and On Account
Understanding Merchandising Companies
Journalizing and Posting the Adjusting Entries
Summary of the Balance Sheet
Summary of the Statement of Owner's Equity
Summary of the Income Statement
Summary of Financial Statements
Preparing the Balance Sheet
Preparing the Statement of Owner's Equity
Preparing the Income Statement
Preparing the Income Statement Section of the Worksheet
Preparing the Balance Sheet Section of the Worksheet
The Income Statement and Balance Sheet Sections of the Worksheet
The Adjusted Trial Balance Section of the Worksheet
Adjusting for Depreciation
Adjusting for Expired Rent
Adjusting for Supplies Used
The Adjustments Section of the Worksheet
The Trial Balance Section of the Worksheet
The Worksheet
Correcting Journal and Ledger Errors
Ledger Account Forms
Posting to the General Ledger
The General Ledger
Ledgers
Preparing Compound General Journal Entries
Several Examples of General Journal Entries
The General Journal
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