College Accounting, Chapters 1-13

This market-leading college accounting text helps students understand basic business structures and cycles and gain competence in ledger entry and organization. Known for its accuracy, careful pacing, and repetition of terms, concepts, and procedures, the text provides a comprehensive introduction to the business of accounting. The Eighth Edition retains the popular characteristics of previous editions, while integrating Internet features that support classroom planning and instruction and provide students with real-world business experience. New pedagogical tools, such as web activities and problem-solving exercises, have been added to reflect this integrated approach. New! PowerPoint slides -- available on the Instructor and Student web sites, HM ClassPrep CD-ROM, and HMAccounting Student CD-ROM -- include forms, tables, and art from the text as well as sample problems and other resources. New! Blackboard Course Cartridges and WebCT CDs provide flexible, efficient, and creative ways to present learning materials and manage distance-learning courses. In addition to course management features, instructors can track student performance electronically and receive assignments via the Internet. New! SMARTHINKING online tutoring provides support for students during typical homework hours. Students may interact live online with an "e-structor" or submit questions and spreadsheets for feedback within 24 hours. New! The "Computer Lab" feature allows students to manage accounting transactions for a sole proprietorship business, which helps them gain real-world accounting experience. New! Houghton Mifflin Windows General Ledger Software has been updated to offer complete coverage of accounting concepts and procedures in a user-friendly computer environment. The GLS allows students to solve selected problems from the text and is available on the new HMAccounting Student CD-ROM.

The Accounting Cycle for a Service Business: Analyzing Business Transactions 1. Asset, Liability, Owner\'s Equity, Revenue, and Expense Accounts Assets, Liabilities, and Owner\'s Equity Revenue and Expense Accounts 2. T Accounts, Debits and Credits, Trial Balance, and Financial Statements The T Account Form The T Account Form with Debits and Credits Recording Business Transactions in T Accounts The Trial Balance Major Financial Statements Errors Exposed by the Trial Balance 3. The General Journal and the General Ledger The General Journal Posting to the General Ledger Correction of Errors The Computer Lab Before a Test Check: Chapters 1-3 4. Adjusting Entries and the Work Sheet Fiscal Period The Accounting Cycle The Work Sheet Adjustments Journalizing Adjusting Entries The Computer Lab Appendix A. Methods of Depreciation 5. Closing Entries and the Post-Closing Trial Balance Closing Entries The Post-Closing Trial Balance Bases of Accounting : Cash, Modified Cash, and Accrual Interim Statements The Computer Lab Before a Test Check: Chapters 4-5 Accounting Cycle Review Problems A and B 6. Accounting for Professional Enterprises: The Combined Journal (Optional) Example: Records of a Dentist The Combined Journal Designing a Combined Journal II. Accounting for Cash and Payroll 7. Bank Accounts and Cash Funds Using a Checking Account Writing Checks Bank Statements The Petty Cash Fund The Change Fund Cash Short and Over Appendix B. Bad Debts 8. Employee Earnings and Deductions Objectives of Payroll Records and Accounting Employer/Employee Relationships Laws Affecting Employees\' Pay Deductions Laws Affecting Employer\'s Payroll Tax Contributions (Payroll Tax Expense) How Employees Get Paid Deductions from Total Earnings Payroll Register The Payroll Entry 9. Employer Taxes, Payments, and Reports Employer Identification Number Employer\'s Payroll Taxes Journal Entries for Recording Payroll Payments of FICA Tax and Employees\' Federal Income Tax Withholding Payments of State Unemployment Insurance Payments of Federal Unemployment Tax Deposits of Employees\' State Income Tax Withholding Employer\'s Quarterly Federal Tax Return (Form 941) Reports and Payments of Federal Unemployment Tax Workers\' Compensation Insurance Adjusting for Accrued Salaries and Wages Tax Calendar Before a Test Check: Chapters 7-9 III. The Accounting Cycle for a Merchandising Business: Using Special Journals 10. The Sales Journal and the Purchases Journal Special Journals Specific Accounts for Merchandising Firms Recording Sales on Account The Sales Journal The Accounts Receivable Ledger Sales Returns and Allowances Purchasing Procedures Purchases Journal (Three-Column) The Accounts Payable Ledger Purchases Returns and Allowances Freight Charges on Incoming Merchandise Transportation Charges on the Buying of Goods and Services Other Than Merchandise Internal Control The Computer Lab 11. The Cash Receipts Journal and the Cash Payments Journal The Cash Receipts Journal Credit Terms Sales Returns and Allowance