tailieunhanh - Ebook Financial accounting (8E): Part 1

(BQ) Part 1 book "Financial accounting" has contents: Introduction to financial statements, introduction to financial statements statements, the accounting information system, accrual accounting concepts, reporting and analyzing inventory,.and other contents. | Find more at FINANCIAL ACCOUNTING Tools for Business Decision Making EIGHTH EDITION Find more at Find more at The following is a sample chart of accounts. It does not represent a comprehensive chart of all the accounts used in this textbook but rather those accounts that are commonly used. This sample chart of accounts is for a company that generates both service revenue as well as sales revenue. It uses the perpetual approach to inventory. If a periodic system was used, the following temporary accounts would be needed to record inventory purchases: Purchases, Freight-In, Purchase Returns and Allowances, and Purchase Discounts. CHART OF ACCOUNTS Assets Liabilities Stockholders’ Equity Revenues Expenses Cash Notes Payable Common Stock Service Revenue Administrative Expenses Accounts Receivable Accounts Payable Paid-in Capital in Excess of Par Value—Common Stock Sales Revenue Allowance for Doubtful Accounts Interest Receivable Unearned Service Revenue Salaries and Wages Payable Interest Payable Inventory Dividends Payable Supplies Income Taxes Payable Preferred Stock Sales Discounts Sales Returns and Allowances Amortization Expense Bad Debt Expense Cost of Goods Sold Paid-in Capital in Excess of Par Value—Preferred Stock Interest Revenue Gain on Disposal of Plant Assets Depreciation Expense Freight-Out Treasury Stock Retained Earnings Income Tax Expense Dividends Prepaid Insurance Insurance Expense Income Summary Interest Expense Bonds Payable Prepaid Rent Land Equipment Accumulated Depreciation— Equipment Discount on Bonds Payable Premium on Bonds Payable Loss on Disposal of Plant Assets Mortgage Payable Maintenance and Repairs Expense Buildings Rent Expense Accumulated Depreciation— Buildings Salaries and Wages Expense Selling Expenses Copyrights Supplies Expense Goodwill Utilities Expense Patents Find more at Find more at .

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