Page 6 - Account for Ag - 2019

ii Table of Contents

CHAPTER SIX: JOURNALIZING AND POSTING
The General Journal - The Standard Account Form - Posting - The `T' Account -
Compound Journal Entries - Illustrations of the General Journal and the Ledger -
Discovery of Errors - Summary Tips to Locate Differences in Debits and Credits -
Dollar Signs, Periods and Commas in Dollar Amounts - Zeros & Cents

CHAPTER SEVEN: CASH SALES & ACCOUNTS RECEIVABLE
Cash - Importance of Sales - Need for Additional Journals - Cash Receipts Journal -
Trade Discounts - Cash Discounts and Credit Terms - Accounting for Sales
Discounts - Selling Operations - The Sales Journal - Posting from the Sales Journal -
Controlling Accounts and Subsidiary Ledgers - Posting to the Subsidiary Ledger -
Subsidiary Ledger Relationships - Sales Returns and Allowances - Cash Shortages
and Overages - Accounts Receivable Control and Subsidiary Ledger - Discounting
Notes Receivable - Discounting an Interest Bearing Note - Payment of a Discounted
Note - Aging Accounts Receivable - Other Factors Affecting Accounts Receivable -
Overpayment of an Account - Sales to and Purchases from the Same Firm -
Miscellaneous Accounts Receivable

CHAPTER EIGHT: ACCOUNTING FOR PURCHASES
& ACCOUNTS PAYABLE
Purchasing Procedures - Credit Terms and Purchase Discounts - The Multicolumn
Purchases Journal - Controlling Account and Subsidiary Ledger - Posting from the
Purchases Journal - Single-Column Purchases Journal - Using Purchases Invoices as a
Purchases Journal - Transportation Charges.

CHAPTER NINE: ACCOUNTING FOR NOTES & INTEREST
Nature of Notes and Interest (The Promissory Note)- Difference between Checks and
Notes - Maturity Date of Notes - Calculating Interest - Notes Payable - Recording a
Bank Loan - Installment Loans - Recording Interest Expense - Accounts Receivable
Control and Subsidiary Ledger - Notes Receivable - Recording Interest Income -
Discounting Notes - Discounting Notes Receivable - Discounting an Interest Bearing
Note - Dishonored Notes - Reporting Interest on the Income Statement - The Credit
Cycle

CHAPTER TEN: PAYROLL ACCOUNTING & PAYROLL TAXES
Forms of Remuneration - Employer-Employee Relationship - Computation of Earnings
- Time Keeping - Wage Rates, Overtime - Deductions from Earnings - F.I.C.A. Tax -
Federal Unemployment Tax - Figuring the Tax - Federal Income Tax - State Taxes -
Other Deductions - Calculation of Net Pay Illustrated - Employee's Earnings Record -
The Payroll - Entering the Payroll in the Accounts - Paying the Payroll - Check on
Regular Bank Account - Currency - Payroll Checks - Withholding Statement -
Employer's Payroll Taxes - F.I.C.A. Tax - Federal Unemployment Compensation Tax -
State Unemployment Compensation Tax - Recording Employers Payroll Taxes -
Payment of Payroll Taxes - Income Taxes Withheld and F.I.C.A. Taxes - State
Unemployment Compensation Tax - Federal Unemployment Compensation Tax -
Recording Payment - Adjustments at the End of the Fiscal Period - Completed
Payroll Periods - Payroll Procedure for Few Employees.

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