Download Accounting by Carl S. Warren, James M. Reeve, Jonathan Duchac PDF

By Carl S. Warren, James M. Reeve, Jonathan Duchac

The authors of ACCOUNTING, 23e, keep in mind that you want to locate very important info quick. This textbook makes use of an built-in studying method that will help you entire homework and lead you to accounting mastery. construction at the authors' confirmed method, transparent examples and high-impact writing consultant you thru the coaching of monetary statements because the authors artfully offer a framework for figuring out what accounting is all approximately and accounting's evolving position in enterprise.

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A personalized retailer of software and hardware for individuals and small businesses. THE ACCOUNTING EQUATION The accounting equation serves as the basic foundation for the accounting systems of all companies. From the smallest business, such as the local convenience store, to the largest business, such as Ford Motor Company, companies use the accounting equation. Some examples taken from recent financial reports of well-known companies are shown below. Company Assets* ϭ Liabilities ϩ Owner’s Equity The Coca-Cola Company Circuit City Stores, Inc.

Indicate the effect of each transaction on the accounting equation elements (Assets, Liabilities, Owner’s Equity, Drawing, Revenue, and Expense) by listing the numbers identifying the transactions, (1) through (5). Also, indicate the specific item within the accounting equation element that is affected. To illustrate, the answer to (1) is shown below. (1) Asset (Cash) increases by $35,000; Owner’s Equity (Joel Salvo, Capital) increases by $35,000. Follow My Example 1-3 (2) Asset (Cash) decreases by $1,800; Liability (Accounts Payable) decreases by $1,800.

It includes narrative for six months of transactions, which are to be recorded in a general journal. The set can be solved manually or with the Klooster/Allen software. Practice Set: Star Computer Sales and Services This set is a departmentalized merchandising business operated as a corporation. It includes a narrative of transactions, which are to be recorded in special journals. The set can be solved manually or with the Klooster/Allen software. 574 Nature of a Corporation 575 Characteristics of a Corporation 575 Forming a Corporation 576 Stockholders’ Equity 578 Paid-In Capital from Issuing Stock 579 Characteristics of Stock 579 Classes of Stock 579 Issuing Stock 581 Premium on Stock 582 No-Par Stock 582 Business Connection: Cisco Systems, Inc.

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Categories: Accounting