TAILIEUCHUNG - Lecture Accounting fundamentas (7e): Chapter 22 - Curran

Chapter 22 - Cost of goods sold and statements. After completing this chapter, students will be able to: Complete a ten-column worksheet; prepare the income statement, statement of owner’s equity, and balance sheet from the worksheet. | CHAPTER TWENTY TWO COST OF GOODS SOLD AND STATEMENTS 1. Complete a ten-column worksheet. 2. Prepare the income statement, statement of owner’s equity, and balance sheet from the worksheet. COST OF GOODS SOLD AND STATEMENTS Objectives: 22- Completing the Ten-Column Worksheet The following procedures are used to prepare the last two sections of the worksheet -- the Income Statement section and the Balance Sheet section. 22- Completing the Ten-Column Worksheet (continued) The balances of the asset, liability, and owner’s equity accounts shown in the Adjusted Trial Balance section are recorded in the proper columns of the Balance Sheet section. 22- Completing the Ten-Column Worksheet (continued) Both the debit and credit amounts shown on the Income Summary line are extended to the Debit and Credit columns in the Income Statement section. 22- Completing the Ten-Column Worksheet (continued) The balances of the revenue, cost, and expense accounts shown in the Adjusted .

• Kế toán - Kiểm toán
• Accounting fundamentas
• Lecture Accounting fundamentas
• Nguyên lý kế toán
• Goods sold
• Cost of goods sold
• Ten column worksheet
• Classified balance sheet
• Trial balance
• Accounting errors
• Accounting terminology
• Accounting for purchases
• Purchases discounts
• Freight in
• Accounting equation
• Balance sheet
• Principles of accounting
• Analyze business transactions
• Net income
• The worksheet
• Financial statements
• Business transactions
• Closing the ledger
• Closing entries
• Postclosing trial balance
• Accounting cycle
• Accounting for sales
• Sales discounts
• Sales returns
• Purchases journal
• Recording transactions
• Worksheet adjustments
• Uncollectible accounts
• Owner’s equity accounts
• Form of accounts
• Account balances
• Expense accounts
• Recording revenue
• Transaction analysis
• Income statement
• General journal
• Chart of accounts
• Business’s transactions
• General ledger
• Posting reference
• Correcting errors
• Merchandising businesses
• Charge account
• Cash discount
• Unpaid invoice file
• Purchases returns
• The sales journal
• Special journal
• Cash receipts journal
• Memorandum entry
• Cash payments journal
• Cash purchases
• Accounts receivable ledger
• Accounts receivable
• Statement of account
• Accounts payable ledger
• Schedule of accounts payable
• Notes payable
• Adjusting entries
• Banking procedures
• Deposit slips
• Check stubs