Preface |
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vii | |
Chapter 1 Accounting: The Language of Business |
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1 | (18) |
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Section 1 What Is Accounting? |
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2 | (7) |
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The Need for Financial Information |
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2 | (1) |
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2 | (1) |
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3 | (2) |
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Users of Financial Information |
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5 | (3) |
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8 | (1) |
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Section 2 Business and Accounting |
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9 | (5) |
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Types of Business Entities |
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9 | (2) |
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Generally Accepted Accounting Principles |
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11 | (2) |
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13 | (1) |
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14 | (1) |
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14 | (1) |
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14 | (1) |
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15 | (1) |
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Comprehensive Self Review |
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16 | (1) |
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16 | (1) |
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16 | (1) |
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17 | (1) |
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18 | (1) |
Chapter 2 Analyzing Business Transactions |
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19 | (32) |
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Section 1 Property and Financial Interest |
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20 | (7) |
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20 | (5) |
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Assets, Liabilities, and Owner's Equity |
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25 | (1) |
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26 | (1) |
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Section 2 The Accounting Equation and Financial Statements |
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27 | (10) |
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The Fundamental Accounting Equation |
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27 | (5) |
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32 | (1) |
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The Statement of Owner's Equity and the Balance Sheet |
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33 | (3) |
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The Importance of Financial Statements |
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36 | (1) |
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36 | (1) |
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37 | (1) |
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37 | (1) |
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37 | (1) |
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38 | (1) |
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Comprehensive Self Review |
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38 | (1) |
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38 | (1) |
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39 | (3) |
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42 | (5) |
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47 | (1) |
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48 | (3) |
Chapter 3 Analyzing Business Transactions Using T Accounts |
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51 | (36) |
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Section 1 Transactions That Affect Assets, Liabilities, and Owner's Equity |
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52 | (9) |
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Asset, Liability, and Owner's Equity Accounts |
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52 | (6) |
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58 | (2) |
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60 | (1) |
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Section 2 Transactions That Affect Revenue, Expenses, and Withdrawals |
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61 | (11) |
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Revenue and Expense Accounts |
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61 | (4) |
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65 | (1) |
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The Rules of Debit and Credit |
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66 | (2) |
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68 | (1) |
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69 | (1) |
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69 | (1) |
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Permanent and Temporary Accounts |
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70 | (1) |
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71 | (1) |
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72 | (1) |
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72 | (1) |
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72 | (1) |
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72 | (1) |
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Comprehensive Self Review |
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73 | (1) |
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73 | (1) |
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74 | (2) |
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76 | (7) |
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83 | (1) |
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84 | (3) |
Chapter 4 The General Journal and the General Ledger |
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87 | (34) |
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Section 1 The General Journal |
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88 | (9) |
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88 | (1) |
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88 | (8) |
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96 | (1) |
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Section 2 The General Ledger |
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97 | (6) |
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97 | (4) |
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Correcting Journal and Ledger Errors |
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101 | (1) |
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102 | (1) |
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103 | (1) |
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103 | (1) |
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103 | (1) |
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104 | (1) |
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Comprehensive Self Review |
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104 | (1) |
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104 | (1) |
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105 | (2) |
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107 | (10) |
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117 | (1) |
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118 | (3) |
Chapter 5 Adjustments and the Worksheet |
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121 | (40) |
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122 | (7) |
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The Trial Balance Section |
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122 | (1) |
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123 | (5) |
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128 | (1) |
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Section 2 Financial Statements |
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129 | (17) |
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The Adjusted Trial Balance Section |
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129 | (1) |
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The Income Statement and Balance Sheet Sections |
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130 | (2) |
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Preparing Financial Statements |
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132 | (11) |
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Journalizing and Posting Adjusting Entries |
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143 | (2) |
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145 | (1) |
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146 | (1) |
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146 | (1) |
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146 | (1) |
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147 | (1) |
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Comprehensive Self Review |
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147 | (1) |
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147 | (1) |
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148 | (2) |
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150 | (8) |
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158 | (1) |
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159 | (2) |
Chapter 6 Closing Entries and the Postclosing Trial Balance |
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161 | (31) |
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Section 1 Closing Entries |
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162 | (9) |
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162 | (8) |
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170 | (1) |
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Section 2 Using Accounting Information |
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171 | (6) |
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Preparing the Postclosing Trial Balance |
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171 | (1) |
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Interpreting the Financial Statements |
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172 | (2) |
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174 | (2) |
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176 | (1) |
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177 | (1) |
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177 | (1) |
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177 | (1) |
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178 | (1) |
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Comprehensive Self Review |
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178 | (1) |
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178 | (1) |
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178 | (3) |
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181 | (8) |
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189 | (1) |
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190 | (2) |
Mini-Practice Set 1: Service Business Accounting Cycle |
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192 | (3) |
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Eli's Consulting Services |
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Chapter 7 Accounting for Sales, Accounts Receivable, and Cash Receipts |
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195 | (38) |
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Section 1 Understanding Merchandising Companies |
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196 | (9) |
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Recording Sales for Cash and On Account |
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197 | (1) |
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Recording Sales with Sales Tax Payable for Cash and On Account |
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198 | (1) |
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Recording Sales Returns and Sales Allowances |
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199 | (2) |
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201 | (1) |
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Accounting for Different Types of Credit Sales |
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202 | (1) |
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Accounting for Credit Card Sales |
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202 | (2) |
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204 | (1) |
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Section 2 Special Topics in Merchandising |
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205 | (9) |
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Computing Trade Discounts |
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205 | (1) |
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206 | (1) |
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Cash Discounts on Sales, with Sales Returns |
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206 | (1) |
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207 | (1) |
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The Accounts Receivable Ledger |
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208 | (1) |
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Schedule of Accounts Receivable |
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209 | (2) |
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211 | (2) |
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213 | (1) |
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214 | (1) |
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214 | (1) |
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214 | (1) |
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214 | (1) |
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Comprehensive Self Review |
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215 | (1) |
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215 | (1) |
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216 | (3) |
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219 | (11) |
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230 | (1) |
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231 | (2) |
Chapter 8 Accounting for Purchases, Accounts Payable, and Cash Payments |
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233 | (46) |
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Section 1 Merchandising Purchases |
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234 | (9) |
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234 | (3) |
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Purchase Returns and Allowances |
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237 | (4) |
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Determining the Net Delivered Cost of Purchases |
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241 | (1) |
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242 | (1) |
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Section 2 Accounts Payable |
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243 | (5) |
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The Accounts Payable Ledger |
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244 | (1) |
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Schedule of Accounts Payable |
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245 | (1) |
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Internal Control of Purchases |
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246 | (1) |
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247 | (1) |
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Appendix to Chapter 8: The Perpetual Inventory System |
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248 | (8) |
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256 | (1) |
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256 | (1) |
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256 | (1) |
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256 | (1) |
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Comprehensive Self Review |
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257 | (1) |
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257 | (1) |
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258 | (5) |
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263 | (12) |
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275 | (1) |
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276 | (3) |
Chapter 9 Cash |
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279 | (40) |
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280 | (4) |
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280 | (3) |
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283 | (1) |
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Section 2 Petty Cash and Internal Controls for Cash |
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284 | (5) |
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284 | (2) |
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Internal Control over Cash |
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286 | (2) |
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288 | (1) |
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Section 3 Banking Procedures |
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289 | (12) |
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289 | (1) |
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290 | (1) |
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Preparing the Deposit Slip |
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291 | (1) |
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Handling Postdated Checks |
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292 | (1) |
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Reconciling the Bank Statement |
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292 | (3) |
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Adjusting the Financial Records |
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295 | (3) |
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Internal Control of Banking Activities |
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298 | (1) |
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298 | (2) |
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300 | (1) |
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301 | (1) |
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301 | (1) |
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301 | (1) |
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301 | (1) |
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Comprehensive Self Review |
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302 | (1) |
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302 | (1) |
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303 | (3) |
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306 | (9) |
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315 | (2) |
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317 | (2) |
Chapter 10 Payroll Computations, Records, and Payment |
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319 | (36) |
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Section 1 Payroll Laws and Taxes |
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320 | (4) |
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320 | (1) |
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Federal Employee Earnings and Withholding Laws |
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320 | (2) |
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322 | (1) |
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Employer's Payroll Taxes and Insurance Costs |
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322 | (1) |
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Employee Records Required by Law |
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323 | (1) |
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323 | (1) |
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Section 2 Calculating Earnings and Taxes |
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324 | (10) |
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Computing Total Earnings of Employees |
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324 | (1) |
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Determining Pay for Hourly Employees |
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325 | (6) |
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Determining Pay for Salaried Employees |
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331 | (1) |
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Recording Payroll Information for Employees |
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331 | (2) |
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333 | (1) |
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Section 3 Recording Payroll Information |
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334 | (7) |
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334 | (1) |
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335 | (2) |
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Individual Earnings Records |
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337 | (1) |
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Completing January Payrolls |
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338 | (2) |
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340 | (1) |
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341 | (1) |
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341 | (1) |
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341 | (1) |
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341 | (1) |
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Comprehensive Self Review |
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342 | (1) |
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342 | (1) |
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343 | (2) |
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345 | (6) |
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351 | (2) |
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353 | (2) |
Chapter 11 Payroll Taxes, Deposits, and Reports |
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355 | (34) |
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Section 1 Social Security, Medicare, and Employee Income Tax |
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356 | (11) |
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356 | (8) |
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Wage and Tax Statement, Form W-2 |
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364 | (1) |
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Annual Transmittal of Wage and Tax Statements, Form W-3 |
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365 | (1) |
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366 | (1) |
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Section 2 Unemployment Tax and Workers' Compensation |
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367 | (9) |
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Unemployment Compensation Insurance Taxes |
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367 | (7) |
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Internal Control over Payroll Operations |
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374 | (1) |
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375 | (1) |
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376 | (1) |
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376 | (1) |
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376 | (1) |
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377 | (1) |
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Comprehensive Self Review |
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377 | (1) |
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377 | (1) |
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378 | (1) |
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379 | (8) |
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387 | (1) |
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388 | (1) |
Chapter 12 Accruals, Deferrals, and the Worksheet |
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389 | (41) |
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Section 1 Calculating and Recording Adjustments |
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390 | (11) |
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The Accrual Basis of Accounting |
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390 | (1) |
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Using the Worksheet to Record Adjustments |
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391 | (9) |
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400 | (1) |
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Section 2 Completing the Worksheet |
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401 | (6) |
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Preparing the Adjusted Trial Balance Section |
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401 | (3) |
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Preparing the Income Statement and Balance Sheet Sections |
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404 | (1) |
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Calculating Net Income or Net Loss |
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404 | (2) |
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406 | (1) |
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407 | (1) |
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407 | (1) |
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407 | (1) |
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407 | (1) |
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Comprehensive Self Review |
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408 | (1) |
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408 | (1) |
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409 | (1) |
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410 | (16) |
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426 | (1) |
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427 | (3) |
Chapter 13 Financial Statements and Closing Procedures |
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430 | (43) |
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Section 1 Preparing the Financial Statements |
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430 | (6) |
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The Classified Income Statement |
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430 | (5) |
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435 | (1) |
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Section 2 Completing the Accounting Cycle |
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436 | (14) |
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Journalizing and Posting the Adjusting Entries |
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436 | (3) |
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Journalizing and Posting the Closing Entries |
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439 | (2) |
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Preparing a Postclosing Trial Balance |
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441 | (1) |
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Interpreting the Financial Statements |
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442 | (1) |
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Journalizing and Posting Reversing Entries |
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443 | (4) |
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Review of the Accounting Cycle |
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447 | (2) |
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449 | (1) |
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450 | (1) |
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450 | (1) |
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450 | (1) |
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450 | (1) |
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Comprehensive Self Review |
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451 | (1) |
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452 | (1) |
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453 | (6) |
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459 | (11) |
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470 | (1) |
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471 | (2) |
Mini-Practice Set 2: Merchandising Business Accounting Cycle |
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473 | |
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Appendix A The Home Depot 2015 Financial Statements (for the fiscal year ended January 31, 2016) |
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A-1 | |
Glossary |
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G-1 | |
Index |
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I-1 | |
Sample General Ledger Accounts |
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Rules of Debit and Credit |
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