| |
| |
| Preface | |
| |
| |
| About the Author | |
| |
| |
| Brief Contents | |
| |
| |
| |
| The Structure and Nature of Accounting | |
| |
| |
| |
| Property and Rights to Property | |
| |
| |
| Property and Property Rights | |
| |
| |
| Effect of Business Operations on Property and Property Rights | |
| |
| |
| Effect of Business Operations on Owner's Equity | |
| |
| |
| Need for Accounting Information | |
| |
| |
| |
| Financial Statements | |
| |
| |
| The Balance Sheet | |
| |
| |
| The Income Statement | |
| |
| |
| The Capital Statement | |
| |
| |
| Sequence of Preparing Financial Statements | |
| |
| |
| Summary of Financial Statements | |
| |
| |
| |
| Recording Business Transactions | |
| |
| |
| |
| Balance Sheet Accounts | |
| |
| |
| Balance Sheet Accounts in the Ledger | |
| |
| |
| The Trial Balance | |
| |
| |
| |
| Income Statement Accounts | |
| |
| |
| Effect of Revenue and Expenses on Owner's Equity | |
| |
| |
| Revenue and Expense Accounts | |
| |
| |
| Owner's Drawing Account | |
| |
| |
| Preparation of Financial Statements | |
| |
| |
| Arrangement of Accounts in the Ledger | |
| |
| |
| |
| The Accounting Cycle | |
| |
| |
| |
| The Journal | |
| |
| |
| The Journal Format | |
| |
| |
| Recording Transactions in the Journal | |
| |
| |
| Compound Journal Entries | |
| |
| |
| |
| The Chart of Accounts and Posting | |
| |
| |
| The Chart of Accounts | |
| |
| |
| Posting | |
| |
| |
| Preparing the Trial Balance and Financial Statements | |
| |
| |
| |
| Locating and Correcting Errors | |
| |
| |
| Types of Errors | |
| |
| |
| Locating the Error | |
| |
| |
| Correcting the Error | |
| |
| |
| |
| Completion of the Accounting Cycle for a Service Business | |
| |
| |
| |
| Adjusting Entries | |
| |
| |
| Journalizing and Posting Adjusting Entries | |
| |
| |
| Eliminating the Need for Certain Adjustments | |
| |
| |
| |
| The Work Sheet and Financial Statements | |
| |
| |
| The Work Sheet | |
| |
| |
| Financial Statements from the Work Sheet | |
| |
| |
| Recording Adjusting Entries from the Work Sheet | |
| |
| |
| |
| Closing Entries, Post-Closing Trial Balance, and Summary of Accounting Cycle | |
| |
| |
| The Closing Process | |
| |
| |
| Four-Column Account Form | |
| |
| |
| Post-Closing Trial Balance | |
| |
| |
| Summary of the Accounting Cycle | |
| |
| |
| Jabin Systems Design--Mini Practice Set | |
| |
| |
| |
| Accounting for Cash | |
| |
| |
| |
| Recording and Controlling Cash | |
| |
| |
| Internal Control | |
| |
| |
| Internal Control of Cash | |
| |
| |
| Combined Cash Journal | |
| |
| |
| Petty Cash | |
| |
| |
| Cash Short and Over | |
| |
| |
| |
| Banking Procedures | |
| |
| |
| Dual Record of Receipts and Disbursements | |
| |
| |
| Bank Deposits | |
| |
| |
| Payments by Check | |
| |
| |
| The Bank Statement as a Means of Control | |
| |
| |
| Reconciling the Bank Statement | |
| |
| |
| |
| Accounting for the Sale of Merchandise | |
| |
| |
| |
| Sales and Accounts Receivable | |
| |
| |
| The Sales Invoice | |
| |
| |
| Credit Cards | |
| |
| |
| Extended Illustration | |
| |
| |
| Recording Accounts Receivable | |
| |
| |
| Sales Journal | |
| |
| |
| Posting from Sales Invoices | |
| |
| |
| |
| Cash Receipts | |
| |
| |
| Cash Receipts Journal | |
| |
| |
| Schedule of Accounts Receivable | |
| |
| |
| Sales Taxes | |
| |
| |
| |
| Accounting for the Purchase of Merchandise | |
| |
| |
| |
| Purchases and Accounts Payable | |
| |
| |
| Recording Purchases | |
| |
| |
| Purchase Invoice | |
| |
| |
| Recording Accounts Payable | |
| |
| |
| Purchases Journal | |
| |
| |
| Posting from the Multicolumn Purchases Journal | |
| |
| |
| Posting from the Purchases Invoices | |
| |
| |
| |
| Cash Payments | |
| |
| |
| Cash Payments Journal | |
| |
| |
| Cash Payments Journal Illustrated | |
| |
| |
| Posting from the Cash Payments Journal | |
| |
| |
| Sequence of Posting the Journals | |
| |
| |
| Schedule of Accounts Payable | |
| |
| |
| |
| Additional Merchandising Transactions | |
| |
| |
| |
| Returns and Allowances | |
| |
| |
| Sales Returns and Allowances | |
| |
| |
| Purchases Returns and Allowances | |
| |
| |
| |
| Discounts and Transportation Costs | |
| |
| |
| Credit Terms | |
| |
| |
| Cash Discounts | |
| |
| |
| Summary of Special Journals | |
| |
| |
| |
| Completion of Accounting Cycle for a Merchandising Enterprise | |
| |
| |
| |
| Accounting Cycle for a Merchandising Enterprise | |
| |
| |
| Adjustments for Merchandise Inventory | |
| |
| |
| Completion of the Accounting Cycle Illustrated | |
| |
| |
| Income Statement for a Merchandising Enterprise | |
| |
| |
| |
| Financial Statements and Completion of the Accounting Cycle | |
| |
| |
| Classified Income Statement | |
| |
| |
| Classified Balance Statement | |
| |
| |
| Capital Statement | |
| |
| |
| Adjusting Entries | |
| |
| |
| Closing Entries | |
| |
| |
| General and Subsidiary Ledgers Illustrated | |
| |
| |
| Post-Closing Trial Balance | |
| |
| |
| Preparing the Accounts for the Next Period | |
| |
| |
| |
| Appendix: Accounting Cycle for a Merchandising Enterprise and Cash Flow Statement | |
| |
| |
| |
| Cash Flow Statement | |
| |
| |
| History of a Cash Flow Statement | |
| |
| |
| Purpose of a Cash Flow Statement | |
| |
| |
| Class Cash Activities | |
| |
| |
| Noncash Investing and Financing Activites | |
| |
| |
| Format of the Cash Flow Statement | |
| |
| |
| |
| Payroll Accounting | |
| |
| |
| |
| Computing and Recording the Payroll | |
| |
| |
| Employees Defined | |
| |
| |
| Types of Compensation | |
| |
| |
| Computation of Gross Earnings | |
| |
| |
| Payroll Deductions | |
| |
| |
| Recording the Payroll | |
| |
| |
| Paying the Payroll | |
| |
| |
| |
| Employer's Payroll Taxes and Payroll Records | |
| |
| |
| Employer's Payroll Taxes | |
| |
| |
| Paying Withholding Taxes and Payroll Taxes | |
| |
| |
| |
| Accounts Receivable, Notes Receivable and Payable, the Vouchers System | |
| |
| |
| |
| Accounts Receivable and Uncollectible Accounts | |
| |
| |
| Recording Revenue Realized from Credit Transactions | |
| |
| |
| Recording Bad Debts | |
| |
| |
| Methods of Estimating Bad Debts | |
| |
| |
| Percentage-of-Sales Method Versus Analysis-of-Accounts-Receivable Method | |
| |
| |
| |
| Notes Receivable and Notes Payable | |
| |
| |
| Note Received to Replace Account Receivable | |
| |
| |
| Note Received for Merchandise | |
| |
| |
| Note Received for Cash | |
| |
| |
| Collection for Notes Receivable | |
| |
| |
| Interest on Notes | |
| |
| |
| Determining the Due Date of a Note | |
| |
| |
| Notes Payable | |
| |
| |
| Note Issued to Replace Accounts Payable | |
| |
| |
| Note Issued for Merchandise | |
| |
| |
| Note Issued for Cash | |
| |
| |
| Payment of Notes Payable | |
| |
| |
| Discounting Notes | |
| |
| |
| Dishonored Notes | |
| |
| |
| Interest Income and Interest Expense on the Income Statement | |
| |
| |
| |
| The Voucher System | |
| |
| |
| The Voucher System | |
| |
| |
| Preparing the Voucher | |
| |
| |
| The Voucher Register | |
| |
| |
| Filing Unpaid Vouchers | |
| |
| |
| Filing Paid Vouchers | |
| |
| |
| Check Register | |
| |
| |
| Voucher Register and Check Register Illustrated | |
| |
| |
| Proving the Column Totals | |
| |
| |
| Posting to the General Ledger | |
| |
| |
| Schedule of Unpaid Vouchers | |
| |
| |
| Voided Voucher or Check | |
| |
| |
| Advantages of a Voucher System | |
| |
| |
| |
| Merchandise Inventory | |
| |
| |
| |
| Counting and Costing Inventories | |
| |
| |
| Counting the Inventory | |
| |
| |
| Costing the Inventory | |
| |
| |
| |
| Special Procedures in Inventory Valuation | |
| |
| |
| Lower of Cost or Market | |
| |
| |
| Merchandise Inventory on the Balance Sheet | |
| |
| |
| Estimating Inventories | |
| |
| |
| Perpetual Inventory System | |
| |
| |
| |
| Accounting for Plant Assets | |
| |
| |
| |
| Nature of Plant Assets and Depreciation | |
| |
| |
| Determining the Cost of Plant Assets | |
| |
| |
| Depreciation | |
| |
| |
| Computing Depreciation | |
| |
| |
| Methods of Computing Depreciation | |
| |
| |
| Depreciation for Federal Income Tax | |
| |
| |
| |
| Disposal of Plant Assets, Special Asset Records, and Intangible Assets | |
| |
| |
| Sale of Plant Assets | |
| |
| |
| Retiring Plant Assets | |
| |
| |
| Exchanging Plant Assets | |
| |
| |
| Control and Subsidiary Accounts for Plant Assets | |
| |
| |
| Intangible Assets | |
| |
| |
| Plant Assets and Intangible Assets on the Balance Sheet | |
| |
| |
| |
| Accruals and Deferrals | |
| |
| |
| |
| Accrued Expenses and Revenue | |
| |
| |
| Accrued Expenses | |
| |
| |
| Accrued Revenue | |
| |
| |
| |
| Deferred Expenses and Revenue | |
| |
| |
| Prepaid Expenses | |
| |
| |
| Unearned Revenue | |
| |
| |
| Accounting for Property Taxes | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Working Papers | |
| |
| |
| |
| Generally Accepted Accounting Principles | |
| |
| |
| |
| Financial Statements | |
| |
| |
| |
| Check Figures | |
| |
| |
| Appendix D | |
| |
| |
| Glossary | |
| |
| |
| Index | |