tailieunhanh - Financial accounting (Third edition): Part 1

(BQ) The document Financial accounting (Third edition): Part 1 has contents: Accounting in action, the recording process, adjusting the accounts, completing the accounting cycle, accounting for merchandising operations,. and other contents. Invite you to refer. | vwww . kimmel kieso team for success FINANCIAL 3e ACCOU Wiley w- Jerry J. Weygandt PhD CPA University of Wisconsin Madison Madison Wisconsin Paul D. Kimmel PhD CPA University of Wisconsin Milwaukee Milwaukee Wisconsin Donald E. Kieso PhD CPA Northern Illinois University DeKalb Illinois Wiley ACCOUNT CLASSIFICATION AND PRESENTATION Account Title Classification Financial Statement Normal Balance A Accounts Payable Current Liability Statement of Financial Position Credit Accounts Receivable Current Asset Statement of Financial Position Debit Accumulated Depreciation Buildings Plant Asset Contra Statement of Financial Position Credit Accumulated Depreciation Equipment Plant Asset Contra Statement of Financial Position Credit Administrative Expenses Operating Expense Income Statement Debit Advertising Expense Operating Expense Income Statement Debit Allowance for Doubtful Accounts Current Asset Contra Statement of Financial Position Credit Amortization Expense Operating Expense Income Statement Debit B Bad Debt Expense Operating Expense Income Statement Debit Bonds Payable Non-Current Liability Statement of Financial Position Credit Buildings Plant Asset Statement of Financial Position Debit C Cash Current Asset Statement of Financial Position Debit Copyrights Intangible Asset Statement of Financial Position Debit Cost of Goods Sold Cost of Goods Sold Income Statement Debit D Debt Investments Current Asset Long-Term Investment Statement of Financial Position Debit Depreciation Expense Operating Expense Income Statement Debit Dividend Revenue Other Income and Expense Income Statement Credit Dividends Temporary account closed to Retained Earnings Retained Earnings Statement Debit Dividends Payable Current Liability Statement of Financial Position Credit E Equipment Plant Asset Statement of Financial Position Debit F Freight-Out Operating Expense Income Statement Debit G Gain on Disposal of Plant Assets Other Income and Expense Income