Download Accounting Principles I (Cliffs Quick Review) by Elizabeth A Minbiole PDF

By Elizabeth A Minbiole

CliffsQuickReview path publications disguise the necessities of your hardest sessions. Get an organization grip on center thoughts and key fabric, and try your newfound wisdom with assessment questions.CliffsQuickReview Accounting rules I is your logical, easy-to-grasp advisor to knowing the language of commercial. This consultant introduces every one subject, defines keywords, and walks you thru every one pattern challenge step by step. very quickly, you will be able to take on the most important thoughts during this booklet such asGenerally approved accounting principlesDouble-entry bookkeepingAdjustments and fiscal statementsInventory systemsSubsidiary ledgers and targeted journalsCash controlsEvaluating money owed receivableOperating assetsCliffsQuickReview Accounting ideas I acts as a complement in your textbook and to lecture room lectures. Use this reference by any means that matches your own sort for examine and evaluation — you opt what works top together with your wishes. no matter if you learn the ebook from hide to hide or specialize in opt for issues, you usually get transparent, jargon-free causes of the basics, supplemented with equations, charts, and tables.With titles on hand for the entire most well-liked highschool and faculty classes, CliffsQuickReview courses are a complete source which could assist you get the absolute best grades.

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F-;: '. ',~•y,;:;r~ ;: • : :yam: ~•'~ •• 31 •:•'•Lip. ':'•:v ~. i :: 500 ____ 200 100 ------- ___ - . . . Wagesthrough4 26 -------- --- - I Wages Expense Date Explanation 20X2 Apr_26 Wa es through 4-26 _ d 50 0 Ref. '. . n ff-Tv0$ •T 4 . r . 16 , t 1! ~! •Mr . ; ' Ref . ,-Y. , . l 4 1••• ... ;: rr f•1 •~a'i. r r 26_ Wa es through 4-26 _ g 20 0 100 Debit . '1••. Y . • . •. •y''•:I. ' . ►• . f•. 1'. ~; ^`{•. :a • ~. iy: ~ . mil . ' ~,~ ~ ~. --6,1901 CLIFFS QUICK REVIEW M Transaction 11 : On April 28, Mr .

Debit 11 5 Credit - ----- - ----- GJ3 _ _ _ _ 50 _ _ _ _ _ _ Interest Revenue Date 20X 7 Explanation 4130 Accrue interest 42 Ref . GJ3 Debit Balanc e _____ _ _ _ 50 42 0 Credit 50 Balance 50 CLIFFS QUICK REVIEW If a plumber does $90 worth of work for a customer on the las t day of April but doesn't send a bill until May 4, the revenue shoul d be recognized in April's accounting records . Therefore, the plumber makes an adjusting entry to increase (debit) accounts receivable fo r $90 and to increase (credit) service revenue for $90 .

Accounts payable are amounts the company owes based on the good credit of th e company or the owner, whereas notes payable are amounts the company owes under formal obligations . General Journal Date Account Title and Description Ref. j .. GJ 1 Debit Supplies Date Explanation Ref. Debit 20X2 Apr_ 5 Bought office suePlies GJ1 _ _ _ 50 Accounts Payable Credit 14 0 Credit Balance ___ _ 200 Date Explanation Ref. Debit Credit Balance 20X2 --- - -------------- - -- - ----- - ----- - ----- Apr_ 5_ Bought office suePlies GJ1 _ _ _ _ _ _ _ _ _ _50 _ _ _ _ 50 M CLIFFS QUICK REVIEW Transaction 7 : On April 14, the Greener Landscape Group cuts gras s for seven customers, receiving $50 from each .

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