Download Accounting, 6th Edition, 1-26 (Charles T. Horngren Series in by Charles T. Horngren, Walter T. Harrison, Linda S. Bamber PDF

By Charles T. Horngren, Walter T. Harrison, Linda S. Bamber

This booklet introduces readers to all the key monetary and administration accounting techniques. It motivates newcomers through familiarizing them with the accounting matters dealing with businesses similar to objective, Nantucket Nectars, Teva, Oracle, and quite a few businesses doing e-Business. clients can investigate their figuring out of bankruptcy issues with “CyberCoach” and “Starter workout” good points, “Working It Out” difficulties, and designated “Concept Links.” for people getting ready for a occupation in accounting.

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Extra info for Accounting, 6th Edition, 1-26 (Charles T. Horngren Series in Accounting)

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50,000 20,000 Ending: Assets . . . . . . . . . . . . . . . . . . . . . Liabilities . . . . . . . . . . . . . . . . . . . $ 70,000 35,000 Owner’s Equity: Investments by owner . . . . . . . . . . . . . . Withdrawals by owner . . . . . . . . . . . . . Income Statement: Revenues . . . . . . . . . . . . . . . . . . . Expenses . . . . . . . . . . . . . . . . . . . $ 0 40,000 $230,000 ?

Expenses: Cost of the house . . . . . . . . . . . . . . . . . . . . . Repairs to house . . . . . . . . . . . . . . . . . . . . . Furniture expense. . . . . . . . . . . . . . . . . . . . . Kitchen equipment expense . . . . . . . . . . . . . . . . Computer expense . . . . . . . . . . . . . . . . . . . . Total expenses . . . . . . . . . . . . . . . . . . . . . Net income.

35,000 Cash . . . . . . . . . 5,000 J. Robinson, capital . . . Accounts payable . . . . 1,000 Salary expense . . . . . 14,000 Advertising expense . . 2,000 Automobiles . . . . . . 80,000 Service revenue . . . . . 66,000 Assess Your Progress 37 Prepare the following financial statements for Robinson Chauffeur Service: a. Income statement for the year ended December 31, 20X5 b. Statement of owner’s equity for the year ended December 31, 20X5 c. Balance sheet at December 31, 20X5 P1-5B Presented here are (a) the assets and liabilities of Ping Technology Consultants at December 31, 20X7 and (b) the revenues and expenses of the company for the year ended on that date.

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