South-Western Accounting for QuickBooks Pro 2005 (with Data CD)

by Rankin, Howard

• ISBN13: 9780538442053
• ISBN10: 0538442050
• Edition: 1st
• Format: Paperback
• Copyright: 2005-06-30
• Publisher: Cengage Learning

Summary

SOUTHWESTERN ACCOUNTING FOR QUICKBOOKS is your real-world accounting software solution! Coverage includes information about how to journalize accounting transactions, post to ledger accounts, and prepare financial statements using QuickBooks? Pro 2005 software. The CD included with the text makes studying easy by providing you with all of the data files necessary to complete the problems in the text.

Table of Contents

Preface	viii
Introduction	x
UNIT 1: SOUTH-WESTERN CENTURY 21 ACCOUNTING	1	(128)
Accounting for a Service Business Organized as a Proprietorship	2	(32)
Mastery Problem 4-5: Journalizing Transactions (4-4 Mastery Problem in the Century 21 Accounting General Journal)	2	(7)
Mastery Problem 5-5: Reconciling a Bank Statement; Journalizing a Bank Service Charge, a Dishonored Check, and Petty Cash Transactions	9	(5)
Challenge Problem 5-6: Reconciling a Bank Statement and Recording a Bank Service Charge and a Dishonored Check	14	(2)
Reinforcement Activity 1---Part A: An Accounting Cycle for a Proprietorship: Journalizing Transactions	16	(4)
Mastery Problem 6-5: Journalizing Adjusting Entries	20	(3)
Mastery Problem 7-3: Preparing Financial Statements with a Net Loss	23	(2)
Challenge Problem 7-4: Preparing Financial Statements with Two Sources of Revenue and a Net Loss	25	(1)
Mastery Problem 8-4: Journalizing Adjusting and Closing Entries; Preparing a Post-Closing Trial Balance	26	(4)
Challenge Problem 8-5: Journalizing Adjusting and Closing Entries with a Net Loss; Preparing a Post-Closing Trial Balance	30	(2)
Reinforcement Activity 1---Part B: An Accounting Cycle for a Proprietorship: End-of-Fiscal-Period Work	32	(2)
Accounting for a Merchandising Business Organized as a Corporation	34	(95)
Mastery Problem 9-6: Journalizing Purchases, Cash Payments, and Other Transactions	34	(8)
Challenge Problem 9-7: Journalizing Purchases, Cash Payments, and Other Transactions	42	(2)
Mastery Problem 10-4: Journalizing Sales and Cash Receipts Transactions	44	(8)
Challenge Problem 10-5: Journalizing Transactions	52	(7)
Mastery Problem 11-6: Printing Reports	59	(2)
Challenge Problem 11-7: Journalizing Business Transactions	61	(2)
Application Problem 12-5: Preparing Payroll Checks	63	(4)
Mastery Problem 12-6: Preparing Semimonthly Payroll Checks	67	(2)
Mastery Problem 13-5: Journalizing Payroll Transactions	69	(2)
Challenge Problem 13-6: Journalizing Payroll Transactions	71	(3)
Reinforcement Activity 2---Part A: An Accounting Cycle for a Corporation: Journalizing Transactions	74	(5)
Application Problem 14-1: Journalizing Dividend Transactions	79	(1)
Mastery Problem 14-7: Journalizing Adjusting Transactions	80	(2)
Mastery Problem 15-5: Preparing Financial Statements	82	(2)
Application Problem 16-4: Journalizing Adjusting and Closing Entries; Preparing a Post-Closing Trial Balance	84	(2)
Mastery Problem 16-5: Journalizing Adjusting and Closing Entries; Preparing a Post-Closing Trial Balance	86	(2)
Reinforcement Activity 2---Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work	88	(2)
Application Problem 17-2: Recording Entries Related to Uncollectible Accounts Receivable	90	(5)
Application Problem 17-3: Recording Entries Related to Uncollectible Accounts Receivable	95	(2)
Application Problem 18-1: Journalizing Buying Plant Assets and Paying Property Taxes	97	(4)
Application Problem 18-4: Journalizing Annual Depreciation Expense	101	(1)
Mastery Problem 19-4: Determining the Cost of Inventory Using the Weighted-Average Inventory Costing Method	102	(4)
Application Problem 20-2: Journalizing Notes Payable Transactions	106	(4)
Mastery Problem 20-5: Journalizing Notes Payable and Notes Receivable Transactions	110	(4)
Reinforcement Activity 3---Part A: An Accounting Cycle for a Corporation: Journalizing Transactions	114	(4)
Mastery Problem 21-4: Journalizing Entries for Accrued Interest Revenue and Expense	118	(2)
Challenge Problem 21-5: Journalizing Entries for Accrued Interest Revenue and Expenses	120	(2)
Mastery Problem 22-5: Preparing Financial Statements and End-of-Fiscal-Period Entries for a Corporation	122	(2)
Reinforcement Activity 3---Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work	124	(2)
Mastery Problem 24-3: Recording International and Internet Sales	126	(3)
UNIT 2: SOUTH-WESTERN CENTURY 21 ACCOUNTING ADVANCED	129	(122)
Departmentalized Accounting	130	(42)
Application Problem 1-2: Journalizing Departmental Purchases on Account and Purchases Returns and Allowances	130	(7)
Mastery Problem 1-4: Journalizing Departmental Purchases and Cash Payments	137	(5)
Application Problem 2-2: Journalizing Departmental Cash Receipts	142	(8)
Mastery Problem 2-3: Journalizing Departmental Sales, Sales Returns and Allowances, and Cash Receipts	150	(5)
Application Problem 3-5: Calculating and Journalizing Payment of Payroll Tax Liabilities	155	(2)
Application Problem 4-3: Preparing End-of-Fiscal-Period Work for a Departmentalized Business	157	(6)
Mastery Problem 4-6: Preparing End-of-Fiscal-Period Work for a Merchandising Business Using Departmental Margins	163	(3)
Reinforcement Activity 1: Processing and Reporting Departmentalized Accounting Data	166	(6)
Accounting Control Systems	172	(7)
Application Problem 6-1: Keeping Perpetual Inventory Records	172	(5)
Application Problem 6-2: Determining Inventory Cost Using the Weighted-Average Method	177	(2)
General Accounting Adjustments	179	(21)
Mastery Problem 8-11: Recording Entries for Plant Assets	179	(6)
Challenge Problem 8-12: Recording Entries for Plant Assets	185	(3)
Application Problem 9-1: Journalizing Notes Payable Transactions	188	(3)
Mastery Problem 9-4: Journalizing Adjusting and Reversing Entries for Prepaid Expenses and Accrued Expenses	191	(2)
Application Problem 10-1: Journalizing Transactions for Notes Receivable	193	(5)
Mastery Problem 10-4: Journalizing Notes Receivable, Unearned Revenue, and Accrued Revenue	198	(2)
Corporation Accounting	200	(19)
Application Problem 11-2: Journalizing Transactions for Stock Subscriptions and Preparing a Balance Sheet	200	(2)
Application Problem 11-4: Journalizing Transactions for Declaring and Paying Dividends	202	(2)
Application Problem 12-1: Journalizing Capital Stock Transactions	204	(2)
Application Problem 12-4: Journalizing Stock and Bond Transactions	206	(2)
Mastery Problem 13-5: Completing End-of-Fiscal-Period Work for a Corporation	208	(3)
Reinforcement Activity 2: Processing and Reporting Accounting Data for a Corporation	211	(8)
Management Accounting	219	(9)
Challenge Problem 14-5: Preparing a Performance Report	219	(3)
Application Problem 17-1: Analyzing Comparative Financial Statements Using Trend Analysis	222	(3)
Application Problem 18-4: Completing a Statement of Cash Flows	225	(2)
Mastery Problem 18-5: Preparing a Statement of Cash Flows	227	(1)
Manufacturing Cost Accounting	228	(5)
Application Problem 19-5: Recording Entries Using Inventory Items	228	(3)
Application Problem 20-1: Journalizing Cost Accounting Transactions for a Manufacturing Company	231	(2)
Other Accounting Systems	233	(18)
Application Problem 21-1: Forming a Partnership	233	(3)
Mastery Problem 21-6: Forming and Expanding a Partnership	236	(3)
Mastery Problem 22-5: Completing End-of-Fiscal-Period Work for a Partnership	239	(2)
Challenge Problem 22-6: Completing End-of-Fiscal-Period Work for a Partnership	241	(2)
Application Problem 23-3: Journalizing Governmental Encumbrances, Expenditures, and Other Transactions	243	(2)
Mastery Problem 23-4: Journalizing Governmental Transactions	245	(2)
Mastery Problem 24-4: Completing End-of-Fiscal-Period Work for a Governmental Organization	247	(2)
Challenge Problem 24-5: Completing End-of-Fiscal-Period Work for a Governmental Organization	249	(2)
Appendix A: System Requirements	251	(1)
Appendix B: Correlation to Century 21 Accounting	252	(3)
Appendix C: Software Features List	255	(4)
Appendix D: QuickBooks Message Boxes	259