CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives

1 CENTURY 21 accounting , 8eGeneral JournalChapter ObjectivesChapter 1 Starting A Proprietorship: Changes that Affect the accounting EquationAfter studying Chapter 1, you will be able accounting terms related to starting a service businessorganized as a proprietorship and to changes that affect the accounting accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting accounts as assets, liabilities, or owner s equity and demonstrate their relationships in the accounting how transactions affect accounts in an accounting 2 Analyzing Transactions into Debit and Credit PartsAfter studying Chapter 2.

2 You will be able accounting terms related to analyzing transactions into debit and credit accounting practices related to analyzing transactions into debit and credit T accounts to analyze transactions showing which accounts are debited or credited for each how transactions to set up a business affect how transactions affect owner s equity 3 Recording Transactions in a General JournalAfter studying Chapter 3, you will be able accounting terms related to journalizing accounting concepts and practices related to journalizing in a General Journal transactions to set up a in a General Journal transactions to buy insurance for cash and supplies on in a General Journal transactions that affect owner s equity and receiving cash on a new Journal 4 Posting from a General Journal to a General LedgerAfter studying Chapter 4.

3 You will be able accounting terms related to posting from a General Journal to a General accounting concepts and practices related to posting from a General Journal to a General a chart of accounts for a service business organized as a amounts from a General Journal to a General and journalize correcting 5 Cash Control SystemsAfter studying Chapter 5, you will be able accounting terms related to using a checking account and a petty cash accounting concepts and practices related to using a checking business papers related to using a checking a bank dishonored checks and electronic banking and replenish a petty cash 6 Work Sheet for a Service BusinessAfter studying Chapter 6.

4 You will be able accounting terms related to a work sheet for a service business organized as a accounting concepts and practices related to a work sheet for a service business organized as a a heading and a trial balance on a work adjustments forsupplies and prepaid a work sheet for a service business organized as a selected procedures for finding and correcting errors in accounting 7 Financial Statements for a ProprietorshipAfter studying Chapter 7, you will be able accounting terms related to financial statements for a service business organized as a accounting concepts and practices related to preparation of financial statements for a service business organized as a an income statement for a service business organized as a proprietorship and analyze an income statement using component a balance sheet for a service business organized as a 8 Recording Adjusting and Closing Entries for a Service BusinessAfter studying Chapter 8.

5 You will be able accounting terms related to adjusting and closing entries for a service business organized as a accounting concepts and practices related to adjusting and closing entries for a service business organized as a adjusting entries for a service business organized as a closing entries for a service business organized as a a post-closing trial balance for a service business organized as a 9 Journalizing Purchases and Cash PaymentsAfter studying Chapter 9, you will be able accounting terms related to purchases and cash payments for a merchandising accounting concepts and practices related to purchases and cash payments for a merchandising purchases of merchandise using a purchases cash payments and cash discounts using a cash payments a petty cash report and journalize the reimbursement of the petty cash , prove.

6 And rule a cash payments Journal and start a new cash payments Journal purchases returns and allowances and other transactions using a General 10 Journalizing Sales and Cash Receipts Using Special JournalsAfter studying Chapter 10, you will be able accounting terms related to sales and cash receipts for a merchandising accounting concepts and practices related to sales and cash receipts for a merchandising sales on account using a sales cash receipts using a cash receipts sales returns and allowances using a General 11 Posting To General and Subsidiary LedgersAfter studying Chapter 11, you will be able accounting terms related to posting to accounting practices related to posting to separate items from a purchases, cash payments.

7 And General Journal to an accounts payable separate items from a sales, cash receipts, and General Journal to an accounts receivable separate items from a cash payments and General Journal to a General special Journal column totals to a General and post correcting entries affecting customer 12 Preparing Payroll RecordsAfter studying Chapter 12, you will be able accounting terms related to payroll accounting practices related to payroll a payroll time payroll a payroll register and an employee earnings payroll 13 Payroll accounting , Taxes, and ReportsAfter studying Chapter 13, you will be able accounting terms related to payroll accounting , taxes, and accounting concepts and practices related to payroll accounting , taxes, and payroll transactions and record a employer payroll selected payroll tax and record withholding and payroll 14 Distributing Dividends and Preparing a Work Sheet for a Merchandising BusinessAfter studying Chapter 14.

8 You will be able accounting terms related to distributing dividends and preparing a work sheet for a merchandising accounting concepts and practices related to distributing dividends and preparing a work sheet for a merchandising the declaration and payment of a a work sheet for a merchandising work sheet adjustments for merchandise inventory, supplies, prepaid expenses, uncollectible accounts, and federal income tax and plan the work sheet adjustment for federal income a work sheet for a merchandising 15 Financial Statements for a CorporationAfter studying Chapter 15.

9 You will be able accounting terms related to financial statements for a merchandising business organized as a accounting concepts and practices related to financial statements for a merchandising business organized as a an income statement for a merchandising business organized as a an income statement using component percentages and financial a statement of stockholders equity for a merchandising business organized as a a balance sheet for a merchandising business organized as a 16 Recording Adjusting and Closing Entries for a CorporationAfter studying Chapter 16, you will be able accounting concepts and practices related to adjusting and closing entries for a merchandising business organized as a adjusting closing entries for income statement closing entries for a post-closing trial 17 accounting for Uncollectible Accounts ReceivableAfter studying Chapter 17, you will be able accounting terms related to uncollectible accounting concepts and practices related to uncollectible , journalize.

10 And post estimated uncollectible accounts and post entries related to writing off and collecting uncollectible accounts 18 accounting for Plant Assets and DepreciationAfter studying Chapter 18, you will be able accounting terms related to plant assets, depreciation, and property tax accounting concepts and practices related to accounting for plant assets, depreciation, and property tax the buying of a plant asset and the paying of property depreciation expense and book value using the straight-line method of plant asset records and journalize annual depreciation entries related to disposing of plant depreciation expense using the double declining-balance method of 19 accounting for InventoryAfter studying Chapter 19, you will be able accounting terms related to accounting concepts and practices related to a stock the cost of merchandise inventory using the fifo, lifo.