Accounting I EssentialsREA’s Essentials provide quick and easy access to critical information in a variety of different fields, ranging from the most basic to the most advanced. As its name implies, these concise, comprehensive study guides summarize the essentials of the field covered. Essentials are helpful when preparing for exams, doing homework and will remain a lasting reference source for students, teachers, and professionals. Accounting I includes accounting principles, the accounting cycle, adjusting entries, closing entries, worksheet procedures, accounting for a merchandising operation, internal control and specialized journals, cash, receivables, inventory, property, plants and equipment, and long-term assets. |
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61 Ethel Road Accepted Accounting Principles account number accounting equation accounting period accounts payable accounts receivable adjusting entry amortization amount asset account Association 61 Ethel balance per bank balance sheet calculated Capital Retained Earnings cash disbursements journal cash receipts journal charges checks CLOSING ENTRIES Company General Journal credit columns Date Description Debit debit and credit debit column Debit Credit 1992 depositor depreciation expense Description Debit Credit Education Association 61 employee ending inventory Exams Expense Summary FIFO income statement intangible assets inventory and cost inventory method John Doe Journal Acct ledger accounts Liabilities LIFO long-term assets MasterCard MAXnotes method of depreciation note receivable Owner's Equity Piscataway PLANT AND EQUIPMENT prepaid insurance REA's recorded Rent Expense Research & Education residual value Returns and Allowances Revenue and Expense Sales Discounts sales journal Sales Revenue Sample Company SAT Subject Tests shown in Example SPECIALIZED JOURNALS Total transaction Trial Balance Wages Expense