Boost Your Skills
in Accounting and Bookkeeping
Certain exercises require you to use starting files. Download those here.
Your book purchase includes access to videos that introduce key concepts. These videos may include content and coverage that is not included in your printed book. When you see a prompt to view a video, open the Video Launchpad.
Feeling stuck on an exercise? Download the solution files for this book.
Learning Objectives
- Describe the accounting equation
- Differentiate between account types
- Evaluate a transaction
- Convey transaction details
Learning Resources
Videos
Self-Assessment
Learning Objectives
- Explain the concept of posting journal entries
- Identify the purpose of a trial balance
- Distinguish between adjusting entries and closing entries
- Discuss the four primary financial statements
Learning Objectives
- Distinguish between debits and credits
- Work with T-accounts
- Journalize a transaction
- Post a transaction
- Use a special journal and a subsidiary ledger
Learning Resources
Videos
Self-Assessment
Learning Objectives
- Format and complete a trial balance
- Record adjusting entries
- Calculate depreciation using the straight-line method
- Calculate depreciation using the double-declining balance method
Learning Resources
Videos
Self-Assessment
Learning Objectives
- Prepare an income statement
- Prepare a statement of owner’s equity
- Prepare a balance sheet
- Identify the sections of a statement of cash flows
- Record closing entries
Learning Resources
Videos
Self-Assessment
Learning Objectives
- Describe appropriate internal control procedures
- Prepare a bank reconciliation
- Calculate employer and employee payroll taxes
- Record journal entries for payroll
- Describe a computerized accounting system
Learning Objectives
- Complete a horizontal analysis
- Complete a vertical analysis
- Prepare common-size financial statements
- Calculate various financial ratios
In this chapter, you will complete a comprehensive project. There are no resources to download.
Learning Objectives
- Record journal entries for merchandise inventory
- Apply valuation methods to merchandise inventory
- Adjust merchandise inventory
- Analyze the Cost of Goods Sold account and gross margin
Learning Resources
Videos
- Merchandise Inventory Account
- Determining the Value of Merchandise Inventory
- Adjusting Merchandise Inventory