Contents
Chapter 1 Assets, Liabilities, and Capital 1
Chapter 2 Debits and Credits: The Double-Entry
System 6
Chapter 3 Journalizing and Posting
Transactions 12
Chapter 4 Financial Statements 17
Chapter 5 Adjusting and Closing Procedures 24
Chapter 6 Repetitive Transactions—The Sales
and the Purchases Journals 33
Chapter 7 The Cash Journal 44
Chapter 8 Summarizing and Reporting Via
the Worksheet 49
Chapter 9 The Merchandising Company 55
Chapter 10 Costing Merchandise Inventory 61
Chapter 11 Pricing Merchandise 74
Chapter 12 Negotiable Instruments 82
Chapter 13 Controlling Cash 94
Chapter 14 Payroll 102
Chapter 15 Property, Plant, and Equipment:
Depreciation 108
Chapter 16 The Partnership 119
Chapter 17 The Corporation 126
Index 135