,Chapter 1: Accounting in Business
d d d d
Chapter 2: Accounting for Business Transactions
d d d d d
Chapter 3: Adjusting Accounts for Financial Statements
d d d d d d
Chapter 4: Accounting for Merchandising Operations
d d d d d
Chapter 5: Inventories and Cost of Sales
d d d d d d
Chapter 6: Cash, Fraud, and Internal Control
d d d d d d
Chapter 7: Accounting for Receivables
d d d d
Chapter 8: Accounting for Long-Term Assets
d d d d d
Chapter 9: Accounting for Current Liabilities
d d d d d
Chapter 10: Accounting for Long-Term Liabilities
d d d d d
Chapter 11: Corporate Reporting and Analysis
d d d d d
Chapter 12: Reporting Cash Flows
d d d d
Chapter 13: Analysis of Financial Statements
d d d d d
,Chapter 1 d
Accounting in Businessd d
QUICK STUDIES
d
QuickdStudyd1-1d(10dminutes)
1. f ArtificialdIntelligence
2. cd Recording
3. hd Recordkeepingd(bookkeeping)
QuickdStudyd1-2d(10dminutes)
a. Externalduser g. Externalduser
b. Externalduser h. Externalduser
c. Externalduser i. Internalduser
d. Externalduser j. Externalduser
e. Internalduser k. Externalduser
f. Externalduser l. Externalduser
QuickdStudyd1-3d(10dminutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization
QuickdStudyd1-4d(5dminutes)
, 1. Principle 3. Assumption
2. Assumption 4. Principle
QuickdStudyd1-5d(10dminutes)
AttributedPresent Proprietorship Partnership Corporation LLC
1. Businessdtaxed no no yes no
2. Limiteddliability no no yes yes
3. Legaldentity no no yes yes
QuickdStudyd1-6d(10dminutes)
1. Revenuedrecognitiondprinciple
2. Measurementd(cost)dprinciple
3. Businessdentitydassumption
QuickdStudyd1-7d(5dminutes)
Assets = Liabilities + Equity
$700,000 (a)d $280,000 $420,000
$500,000 (b)d $250,000 (b)d $250,000
QuickdStudyd1-8d(10dminutes)
1.
Assets = Liabilities + Equity
$75,000 (a)d $35,000 $40,000
(b)d $95,000 $25,000 $70,000
$85,000 $20,000 (c)d $65,000
2.
+d Common
Assets = Liabilities Stock -d Dividends +dRevenues -dExpenses
$40,000 $16,000 $20,000 $ 0 (a)d$12,000 $d 8,000
$80,000 $32,000 $44,000 (b)d$2,000 $24,000 $18,000
d d d d
Chapter 2: Accounting for Business Transactions
d d d d d
Chapter 3: Adjusting Accounts for Financial Statements
d d d d d d
Chapter 4: Accounting for Merchandising Operations
d d d d d
Chapter 5: Inventories and Cost of Sales
d d d d d d
Chapter 6: Cash, Fraud, and Internal Control
d d d d d d
Chapter 7: Accounting for Receivables
d d d d
Chapter 8: Accounting for Long-Term Assets
d d d d d
Chapter 9: Accounting for Current Liabilities
d d d d d
Chapter 10: Accounting for Long-Term Liabilities
d d d d d
Chapter 11: Corporate Reporting and Analysis
d d d d d
Chapter 12: Reporting Cash Flows
d d d d
Chapter 13: Analysis of Financial Statements
d d d d d
,Chapter 1 d
Accounting in Businessd d
QUICK STUDIES
d
QuickdStudyd1-1d(10dminutes)
1. f ArtificialdIntelligence
2. cd Recording
3. hd Recordkeepingd(bookkeeping)
QuickdStudyd1-2d(10dminutes)
a. Externalduser g. Externalduser
b. Externalduser h. Externalduser
c. Externalduser i. Internalduser
d. Externalduser j. Externalduser
e. Internalduser k. Externalduser
f. Externalduser l. Externalduser
QuickdStudyd1-3d(10dminutes)
1. Opportunity 4. Opportunity
2. Pressure 5. Pressure
3. Rationalization 6. Rationalization
QuickdStudyd1-4d(5dminutes)
, 1. Principle 3. Assumption
2. Assumption 4. Principle
QuickdStudyd1-5d(10dminutes)
AttributedPresent Proprietorship Partnership Corporation LLC
1. Businessdtaxed no no yes no
2. Limiteddliability no no yes yes
3. Legaldentity no no yes yes
QuickdStudyd1-6d(10dminutes)
1. Revenuedrecognitiondprinciple
2. Measurementd(cost)dprinciple
3. Businessdentitydassumption
QuickdStudyd1-7d(5dminutes)
Assets = Liabilities + Equity
$700,000 (a)d $280,000 $420,000
$500,000 (b)d $250,000 (b)d $250,000
QuickdStudyd1-8d(10dminutes)
1.
Assets = Liabilities + Equity
$75,000 (a)d $35,000 $40,000
(b)d $95,000 $25,000 $70,000
$85,000 $20,000 (c)d $65,000
2.
+d Common
Assets = Liabilities Stock -d Dividends +dRevenues -dExpenses
$40,000 $16,000 $20,000 $ 0 (a)d$12,000 $d 8,000
$80,000 $32,000 $44,000 (b)d$2,000 $24,000 $18,000
