College accounting. Chapters 1-27

Heintz, James A. (author.). Parry, Robert W., 1950- (author.).

Record details

ISBN: 9781305666160
ISBN: 130566616X
Physical Description: print
xxxii, 1118 pages ; 29 cm
Edition: 22e /
Publisher: Boston, MA : Cengage Learning, [2017]

Content descriptions

Formatted Contents Note:

Machine generated contents note: pt. 1 ACCOUNTING FOR A SERVICE BUSINESS -- ch. 1 Introduction to Accounting -- Purpose of Accounting -- Accounting Process -- Generally Accepted Accounting Principles (GAAP) -- Three Types of Ownership Structures -- Sole Proprietorship -- Partnership -- Corporation -- Types of Businesses -- Broader View -- Career Opportunities in Accounting -- Accounting Clerks -- Bookkeepers and Para-Accountants -- Accountants -- Job Opportunities -- Your Perspective -- Self-Study -- Key Points to Remember -- Key Terms -- Applying Your Knowelge -- Review Questions -- Series A Exercises -- Series B Exercises -- Managing Your Writing -- ch. 2 Analyzing Transactions: The Accounting Equation -- Accounting Elements -- Assets -- Liabilities -- Owner's Equity -- Broader View -- Accounting Equation -- Analyzing Business Transactions -- Effect of Transactions on the Accounting Equation -- Expanding the Accounting Equation: Revenues, Expenses, and Withdrawals -- Effect of Revenue, Expense, and Withdrawal Transactions on the Accounting Equation -- Financial Statements -- Income Statement -- Statement of Owner's Equity -- Balance Sheet -- Overview of the Accounting Process -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- ch. 3 Double-Entry Framework -- T Account -- Balancing a T Account -- Debits and Credits -- Assets -- Liabilities and Owner's Equity -- Owner's Equity Umbrella -- Owner's Capital -- Revenues -- Expenses -- Drawing -- Normal Balances -- Transaction Analysis -- Debits and Credits: Asset, Liability, and Owner's Equity Accounts -- Debits and Credits: Including Revenues, Expenses, and Drawing -- Broader View -- Summary of Transactions -- Trial Balance -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- ch. 4 Journalizing and Posting Transactions -- Flow of Data -- Source Documents -- Broader View -- Chart of Accounts -- General Journal -- Journalizing -- General Ledger -- General Ledger Account -- Posting to the General Ledger -- Trial Balance -- Finding and Correcting Errors in the Trial Balance -- Ruling Method -- Correcting Entry Method -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- ch. 5 Adjusting Entries and the Work Sheet -- End-of-Period Adjustments -- Broader View -- Supplies -- Prepaid Insurance -- Wages Expense -- Depreciation Expense -- Expanded Chart of Accounts -- Posting Adjusting Entries -- Work Sheet -- 10-Column Work Sheet -- Preparing the Work Sheet -- Finding Errors on the Work Sheet -- Journalizing Adjusting Entries from the Work Sheet -- Methods of Accounting: Cash, Modified Cash, and Accrual -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- Appendix: Depreciation Methods -- Straight-Line Method -- Sum-of-the-Years'-Digits -- Double-Declining-Balance Method -- Modified Accelerated Cost Recovery System -- Key Points to Remember -- Key Terms -- Review Questions -- Series A Exercises -- Series B Exercises -- ch. 6 Financial Statements and the Closing Process -- Financial Statements -- Income Statement -- Statement of Owner's Eguity -- Balance Sheet -- Additional Investments by the Owner (Revisited) -- Closing Process -- Steps in the Closing Process -- Journalize Closing Entries -- Post the Closing Entries -- Your Perspective -- Post-Closing Trial Balance -- Broader View -- Accounting Cycle -- Steps in the Accounting Cycle -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- Appendix: Statement of Cash Flows -- Types of Business Activities -- Preparing the Statement of Cash Flows -- Key Points to Remember -- Key Terms -- Review Questions -- Series A Exercise and Problems -- Series B Exercise and Problems -- Comprehensive Problem 1 Accounting Cycle -- Comprehensive Problem 1, Period 2 Accounting Cycle -- pt. 2 ACCOUNTING FOR CASH AND PAYROLL -- ch. 7 Accounting for Cash -- Checking Account -- Opening a Checking Account -- Making Deposits -- Endorsements -- Automated Teller Machines -- Writing Checks -- Bank Statement -- Reconciling the Bank Statement -- Deposits -- Cash Payments -- Reasons for Differences Between Bank and Book Balances -- Steps in Preparing the Bank Reconciliation -- Illustration of a Bank Reconciliation -- Journal Entries -- Electronic Banking -- Broader View -- Petty Cash Fund -- Establishing a Petty Cash Fund -- Making Payments from a Petty Cash Fund -- Petty Cash Payments Record -- Replenishing the Petty Cash Fund -- Change Fund and Cash Short and Over -- Establishing and Operating the Change Fund -- Cash Short and Over -- Your Perspective -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Ethics Case -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- Appendix: Internal Controls -- Importance of Internal Control -- Key Components of Internal Control -- Control Environment -- Risk Assessment -- Control Activities -- Information and Communication System -- Monitoring Processes -- Internal Controls Over Cash Receipts -- Internal Controls Over Cash Payments -- Voucher System -- Purchasing Process -- Payment Process -- Key Points to Remember -- Key Terms -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- ch. 8 Payroll Accounting: Employee Earnings and Deductions -- Employees and Independent Contractors -- Employee Earnings and Deductions -- Salaries and Wages -- Computing Total Earnings -- Deductions from Total Earnings -- Computing Net Pay -- Payroll Records -- Payroll Register -- Paying Employees -- Employee Earnings Record -- Accounting for Employee Earnings and Deductions -- Journalizing Payroll Transactions -- Broader View -- Wages and Salaries Expense -- Employee Federal Income Tax Payable -- Social Security and Medicare Taxes Payable -- Other Deductions -- Payroll Record-Keeping Methods -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Ethics Case -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- ch. 9 Payroll Accounting: Employer Taxes and Reports -- Employer Payroll Taxes -- Employer PICA Taxes -- Self-Employment Tax -- Employer FUTA Tax -- SUTA Tax -- Accounting for Employer Payroll Taxes -- Journalizing Employer Payroll Taxes -- Payroll Taxes Expense -- Social Security and Medicare Taxes Payable -- FUTA Tax Payable -- SUTA Tax Payable -- Total Payroll Cost of an Employee -- Reporting and Payment Responsibilities -- Federal Income Tax Withholding and Social Security and Medicare Taxes -- FUTA Taxes -- SUTA Taxes -- Employee Wage and Tax Statement -- Summary of Employee Wages and Taxes -- Employment Eligibility Verification -- Summary of Taxes, Reports, and Payments -- Workers' Compensation Insurance -- Broader View -- Self-Study -- Key Points to Remember -- Demonstration Problem -- Key Terms -- Self-Study Test Questions -- Checkpoint Exercises -- Applying Your Knowledge -- Review Questions -- Series A Exercises and Problems -- Series B Exercises and Problems -- Managing Your Writing -- Ethics Case -- Mastery Problem -- Challenge Problem -- Answers to Self-Study Test Questions -- Checkpoint Exercises -- pt. 3 ACCOUNTING FOR A MERCHANDISING BUSINESS -- ch. 10 Accounting for Sales and Cash Receipts --