Fundamentals of Accounting Course 1 Chapters 1-17

by Ross, Kenton E.; Gilbertson, Claudia B.; Lehman, Mark W.; Hanson, Robert D.

• ISBN13: 9780538727303
• ISBN10: 0538727306
• Edition: 7th
• Format: Digital
• Copyright: 2003-03-13
• Publisher: South-Western Educational Pub

Summary

This introductory accounting course presents a complete accounting cycle of proprietorship and a partnership. Topics include analyzing transactions, journalizing, posting, petty cash, financial statements and adjusting and closing entries. Accounting concepts are introduced using a modern business with owners that students can relate to in each cycle.

Table of Contents

CYCLE 1 Accounting for a Service Business Organized as a Proprietorship
Starting a Proprietorship	4	(20)
Accounting in Your Career	5	(1)
The Accounting Equation	6	(3)
How Business Activities Change the Accounting Equation	9	(4)
Reporting Financial Information on a Balance Sheet	13	(11)
Professional Business Ethics	7	(6)
Cultural Diversity	13	(9)
Automated Accounting	22	(2)
Starting A Proprietorship: Changes That Affect Owner's Equity	24	(16)
Accounting in Your Career	25	(1)
How Transactions Change Owner's Equity in an Accounting Equation	26	(4)
Reporting a Changed Accounting Equation on a Balance Sheet	30	(10)
Cultural Diversity	27	(11)
Automated Accounting	38	(2)
Analyzing Transactions Into Debit and Credit Parts	40	(24)
Accounting in Your Career	41	(1)
Using T Accounts	42	(3)
Analyzing How Transactions Affect Accounts	45	(6)
Analyzing How Transactions Affect Owner's Equity Accounts	51	(13)
Technology for Business	43	(11)
Cultural Diversity	54	(9)
Automated Accounting	63	(1)
Journalizing Transactions	64	(32)
Accounting in Your Career	65	(1)
Journals, Source Documents, and Recording Entries in a Journal	66	(6)
Journalizing Buying Insurance, Buying on Account, and Paying on Account	72	(4)
Journalizing Transactions That Affect Owner's Equity and Receiving Cash on Account	76	(6)
Proving and Ruling a Journal	82	(14)
Accounting at Work	74	(6)
Legal Issues in Accounting	80	(2)
Global Perspective	82	(1)
Small Business Spotlight	83	(11)
Automated Accounting	94	(2)
Posting to a General Ledger	96	(28)
Accounting in Your Career	97	(1)
Preparing a Chart of Accounts	98	(5)
Posting Separate Amounts from a Journal to a General Ledger	103	(4)
Posting Column Totals from a Journal to a General Ledger	107	(5)
Completed Accounting Forms and Making Correcting Entries	112	(12)
Professional Business Ethics	101	(4)
Cultural Diversity	105	(17)
Automated Accounting	122	(2)
Cash Control Systems	124	(30)
Accounting in Your Career	125	(1)
Checking Accounts	126	(5)
Bank Reconciliation	131	(5)
Dishonored Checks and Electronic Banking	136	(5)
Petty Cash	141	(13)
Small Business Spotlight	134	(8)
Technology for Business	142	(7)
Automated Accounting	149	(5)
Work Sheet for a Service Business	154	(26)
Accounting in Your Career	155	(1)
Creating a Work Sheet	156	(4)
Planning Adjusting Entries on a Work Sheet	160	(5)
Extending Financial Statement Information on a Work Sheet	165	(5)
Finding and Correcting Errors on the Work Sheet	170	(10)
Global Perspective	163	(5)
Accounting at Work	168	(11)
Automated Accounting	179	(1)
Financial Statements for a Proprietorship	180	(18)
Accounting in Your Career	181	(1)
Preparing an Income Statement	182	(5)
Balance Sheet Information on a Work Sheet	187	(11)
Cultural Diversity	188	(8)
Automated Accounting	196	(2)
Recording Adjusting and Closing Entries for a Service Business	198	(28)
Accounting in Your Career	199	(1)
Recording Adjusting Entries	200	(3)
Recording Closing Entries	203	(7)
Preparing a Post-Closing Trial Balance	210	(16)
Professional Business Ethics	201	(20)
Automated Accounting	221	(5)
CYCLE 2 Accounting for a Merchandising Business Organized as a Partnership
Journalizing Purchases and Cash Payments	226	(26)
Accounting in Your Career	227	(1)
Journalizing Purchases of Merchandise for Cash	228	(5)
Journalizing Puchases of Merchandise on Account and Buying Supplies	233	(5)
Journalizing Cash Payments and Other Transactions	238	(14)
Accounting at Work	230	(9)
Small Business Spotlight	239	(3)
Global Perspective	242	(7)
Automated Accounting	249	(3)
Journalizing Sales and Cash Receipts	252	(22)
Accounting in Your Career	253	(1)
Journalizing Sales and Cash Receipts from Sales	254	(6)
Proving and Ruling an Expanded Journal	260	(14)
Legal Issues in Accounting	254	(9)
Professional Business Ethics	263	(9)
Automated Accounting	272	(2)
Posting to General and Subsidiary Ledgers	274	(28)
Accounting in Your Career	275	(1)
Posting to a General Ledger	276	(4)
Posting to an Accounts Payable Ledger	280	(6)
Posting to an Accounts Receivable Ledger	286	(6)
Accuracy of Accounting Records	292	(10)
Global Perspective	281	(5)
Small Business Spotlight	286	(7)
Technology for Business	293	(8)
Automated Accounting	301	(1)
Preparing Payroll Records	302	(28)
Accounting in Your Career	303	(1)
Preparing Payroll Time Cards	304	(4)
Determining Payroll Tax Withholding	308	(6)
Preparing Payroll Records	314	(5)
Preparing Payroll Checks	319	(11)
Legal Issues in Accounting	308	(20)
Automated Accounting	328	(2)
Payroll Accounting, Taxes, and Reports	330	(34)
Accounting in Your Career	331	(1)
Recording a Payroll	332	(4)
Recording Employer Payroll Taxes	336	(5)
Reporting Withholding and Payroll Taxes	341	(5)
Paying Withholding and Payroll Taxes	346	(18)
Technology for Business	332	(12)
Global Perspective	344	(14)
Automated Accounting	358	(6)
Work Sheet for a Merchandising Business	364	(26)
Accounting in Your Career	365	(1)
Beginning an 8-Column Work Sheet for a Merchandising Business	366	(7)
Analyzing and Recording Work Sheet Adjustments	373	(5)
Completing Work Sheets	378	(12)
Legal Issues in Accounting	364	(12)
Accounting at Work	376	(13)
Automated Accounting	389	(1)
Financial Statements for a Partnership	390	(30)
Accounting in Your Career	391	(1)
Income Statement	392	(5)
Component Percentages	397	(5)
Distribution of Net Income and Owners' Equity Statements	402	(6)
Balance Sheet	408	(12)
Cultural Diversity	403	(8)
Professional Business Ethics	411	(7)
Automated Accounting	418	(2)
Recording Adjusting and Closing Entries for a Partnership	420	(27)
Accounting in Your Career	421	(1)
Recording Adjusting Entries	422	(4)
Recording Closing Entries for Income Statement Accounts	426	(5)
Recording Additional Closing Entries	431	(4)
Preparing a Post-Closing Trial Balance	435	(12)
Global Perspective	420	(4)
Small Business Spotlight	424	(23)
Automated Accounting	447