Accounting principles 10e by kieso chapter 13

... No 13- 19 formal accounting entry LO Stock Issue Considerations Prenumbered Shares Illustration 13- 4 A Stock certificate Name of corporation Stockholder’s name Signature of corporate official 13- 20 ... (1,000 x $1) 1,000 13- 33 Paid-in Capital in Excess of Par — Common Stock LO Accounting for Common Stock Illustration 13- 7 Stockholders’ equity—paid-in capital in excess of par 13...

Ngày tải lên: 12/05/2017, 11:45

... par value Paid-in Chapter 13- 31 4,000 SO Record the issuance of common stock Accounting Accounting for for Common Common Stock Stock Issues Issues Illustration 13- 7 Chapter 13- 32 SO Record the ... capital Chapter 13- 4 Accounting Accounting for for Common Common Stock StockIssues Issues Issuing par value stock Issuing nopar stock Issuing stock for services or noncash assets...

Ngày tải lên: 13/05/2017, 10:22

... E13-147 E13-148 E13-149 E13-150 E13-151 E13-152 Description Notes payable Payroll entries Compensated absences Contingent liabilities Premiums Premiums PROBLEMS Item P13-153 P13-154 P13-155 P13-156 ... 126 127 128 129 130 131 132 133 134 135 Description Calculate liability for premiums Calculate warranty liability Calculate liability for premiums Determine premiums expense for the...

Ngày tải lên: 11/04/2017, 15:17

... E13-147 E13-148 E13-149 E13-150 E13-151 E13-152 Description Notes payable Payroll entries Compensated absences Contingent liabilities Premiums Premiums PROBLEMS Item P13-153 P13-154 P13-155 P13-156 ... slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com 13 - 18 Test Bank for Intermediate Accounting, Fourteenth Edition 83 How you determine the acid -test...

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... in cash Illustration 9-1 Receivables as a percentage of assets 9-3 LO Types of Receivables Three accounting issues: Recognizing accounts receivable Valuing accounts receivable Disposing of accounts ... Companies record credit losses as debits to Bad Debt Expense LO Valuing Accounts Receivable Methods of Accounting for Uncollectible Accounts Direct Write-Off Theoretically undesirable: 9-10...

Ngày tải lên: 12/05/2017, 11:44

... Cash Flows Note Disclosure Generally Accepted Accounting Principles (GAAP) LO Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) – Standards that are generally ... 5.Managerial accounting activities focus on reports for internal users Solution: 1-7 1.True 2.False 3.False 4.False 5.True LO LEARNING OBJECTIVE Explain the building blocks of ac...

Ngày tải lên: 12/05/2017, 11:44

... PROCEDURES Double-entry system  Each transaction must affect two or more accounts to keep the basic accounting equation in balance 2-3  Recording done by debiting at least one account and crediting ... hair salon to be called “Hair It Is.” A friend has advised Kate to set up a double-entry set of accounting records in which to record all of her business transactions Identify the balance...

Ngày tải lên: 12/05/2017, 11:44

... than when paid) In 3-5 accordance with generally accepted accounting principles (GAAP) LO Accrual- versus Cash-Basis Accounting Cash-Basis Accounting 3-6  Revenues recognized when cash is received ... Cash-basis accounting is not in accordance with generally accepted accounting principles (GAAP) LO Recognizing Revenues and Expenses REVENUE RECOGNITION PRINCIPLE Recognize reven...

Ngày tải lên: 12/05/2017, 11:44

... detailed records of the goods on hand Cost of goods sold determined by count at the end of the accounting period Calculation of Cost of Goods Sold: Beginning inventory $ 100,000 Add: Purchases, ... Accounts Receivable 200 Inventory 5-37 200 30 Cost of LO LEARNING OBJECTIVE Apply the steps in the accounting cycle to a merchandising company Adjusting Entries Generally the same as a servi...

Ngày tải lên: 12/05/2017, 11:44

... often “take inventory”  when the business is closed or business is slow  6-5 at the end of the accounting period LO 6-6 LO Determining Inventory Quantities DETERMINING OWNERSHIP OF GOODS GOODS ... in ending inventory of the current period will have a reverse effect on net income of the next accounting period 6-39  Over the two years, the total net income is correct because the errors ....

Ngày tải lên: 12/05/2017, 11:44

... Manual Accounting Systems Perform each step in the accounting cycle by hand Satisfactory with a low volume of transactions Must understand manual accounting systems to understand computerized accounting ... overall conceptual framework for establishing accounting standards In addition, high-quality international accounting requires both high-quality accounting standards and h...

Ngày tải lên: 12/05/2017, 11:45