Century 21 Accounting : Multicolumn Journal

by Gilbertson, Claudia Bienias; Lehman, Mark W.; Ross, Kenton E.

• ISBN13: 9780538972758
• ISBN10: 0538972750
• Edition: 8th
• Format: Hardcover
• Copyright: 2005-02-02
• Publisher: Cengage Learning

Summary

CENTURY 21 MULTICOLUMN JOURNAL (Blue Text) starts with the five-column multicolumn journal, then moves into special journals in cycle two. Based on teacher input, we have completely reorganized this new edition of CENTURY 21, starting with a service business organized as a proprietorship, progressing to a merchandising business organized as a corporation, and concluding with special topics, partnerships, and recording international sales and electronic transactions. Technology is integrated throughout the text, including Automated Accounting, Peachtree, QuickBooks, and Microsoft Excel. Also, the New Student Companion CD-ROM is included with each text. The student CD is exclusively available with CENTURY 21 and includes Competitive Event Prep, Automated Accounting data files, Electronic flash cards of key terms, Web links, PowerPoint presentations, and much, much more! CENTURY 21 ACCOUNTING presents real-world source documents as each new transaction is presented in the text. Source documents provide the objective evidence for journalizing every transaction, and are now included in the working papers for selected end of chapter problems. T accounts are always used to analyze transactions into debit and credit parts to increase student comprehension of journalizing transactions. Illustrations are consistently placed at the top of the page and include step-by-step instructions. Concepts are reinforced through descriptive text to provide complete accounting instruction. Each chapter is divided into three or four lessons with corresponding assessment activities right at the point of use. In addition, several short application problems at the end of each chapter have been added to build student's knowledge before completing the longer mastery and challenge problems.

Table of Contents

Accounting Cycle for a Service Business Organized as a Proprietorship

Starting a Proprietorship: Changes That Affect Owner?s Equity

Analyzing Transactions into Debit and Credit Parts

Journalizing Transactions

Posting to a General Ledger

Cash Control Systems

Work Sheet for a Service Business

Financial Statements for a Proprietorship

Recording Adjusting and Closing Entries for a Service Business

Accounting Cycle for a Merchandising Business Organized as a Corporation

Journalizing Purchases and Cash Payments

Journalizing Sales and Cash Receipts

Posting to General and Subsidiary Ledgers

Preparing Payroll Records

Payroll Accounting, Taxes, and Reports

Work Sheet for a Merchandising Business

Financial Statements for a Corporation

Recording Adjusting and Closing Entries for a Corporation

Accounting Cycle for a Merchandising Business Organized as a Corporation--Adjustments and Valuation

Accounting for Uncollectible Accounts Receivable

Accounting for Plant Assets and Depreciation

Accounting for Inventory

Accounting for Notes and Interest

Accounting for Accrued Revenue and Expenses

End-of-Fiscal-Period Work for a Corporation

Additional Accounting Procedures

Accounting for Partnerships

Recording International Sales and Electronic Transactions

Cash Flow Statement

Annual Reports

Accounting Concepts

Using a Calculator and Computer Keypad

Recycling Problems

Answers to Audit Your Understanding

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.