Study Guide and Working Papers, Chapters 16-27 for Heintz/Parry's College Accounting, 19th / Edition 19

Study Guide and Working Papers, Chapters 16-27 for Heintz/Parry's College Accounting, 19th / Edition 19

by James A. Heintz, Robert W. Parry

Written by the text authors to ensure accuracy and quality consistent with the text, the study guide and the working papers for the text assignments are provided together in one convenient resource. Students can reinforce their learning experience with chapter outlines that are linked to learning objectives and a set "C" of assignments that include review questions

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Written by the text authors to ensure accuracy and quality consistent with the text, the study guide and the working papers for the text assignments are provided together in one convenient resource. Students can reinforce their learning experience with chapter outlines that are linked to learning objectives and a set "C" of assignments that include review questions, exercises, and problems. The working papers are tailored to the text's end-of-chapter assignments. (Solutions for the working papers are included in the Solutions Manual. Solutions for study guide assignments are available separately).

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Cengage Learning
Publication date:
Edition description:
Study Guid
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8.30(w) x 10.80(h) x 1.20(d)

Table of Contents

Part 1Accounting for a Service Business
Chapter 1Introduction to Accounting1
The Purpose of Accounting2
The Accounting Process3
Three Types of Ownership Structures3
Sole Proprietorship4
Types of Businesses4
Career Opportunities in Accounting5
Accounting Clerks5
Bookkeepers and Para-Accountants5
Job Opportunities7
Managing Your Writing Feature9
Key Points11
Key Terms11
Review Questions12
Managing Your Writing13
Chapter 2Analyzing Transactions: The Accounting Equation15
The Accounting Elements16
Owner's Equity17
The Accounting Equation18
Analyzing Business Transactions18
Effect of Transactions on the Accounting Equation19
Expanding the Accounting Equation: Revenues, Expenses, and Withdrawals20
Effect of Revenue, Expense, and Withdrawal Transactions on the Accounting Equation22
Financial Statements28
The Income Statement28
The Statement of Owner's Equity30
The Balance Sheet30
Overview of the Accounting Process31
Key Points32
Key Terms33
Demonstration Problem34
Review Questions38
Managing Your Writing38
Exercises and Problems38
Challenge Problem44
Mastery Problem45
Self-Study Test Questions46
Chapter 3The Double-Entry Framework47
The T Account48
Balancing A T Account48
Debits And Credits49
Liabilities and Owner's Equity49
Normal Balances50
Normal Balances for the Owner's Equity Umbrella51
Transaction Analysis52
Debits and Credits: Asset, Liability, and Owner's Equity Accounts52
Debits and Credits: Including Revenues, Expenses, and Drawing55
Summary of Transactions65
The Trial Balance67
Key Points69
Key Terms70
Demonstration Problem70
Review Questions74
Managing Your Writing74
Exercises and Problems74
Challenge Problem82
Mastery Problem83
Self-Study Test Questions85
Chapter 4Journalizing and Posting Transactions87
Flow of Data88
The Chart of Accounts89
Source Documents90
The General Journal91
The General Ledger97
Four-Column Account97
Posting to the General Ledger98
Steps in the Posting Process99
The Trial Balance105
Finding and Correcting Errors in the Trial Balance106
Ruling Method107
Correcting Entry Method108
Key Points109
Key Terms110
Demonstration Problem111
Review Questions116
Managing Your Writing116
Exercises and Problems117
Challenge Problem128
Mastery Problem129
Self-Study Test Questions131
Chapter 5Adjusting Entries and the Work Sheet133
End-Of-Period Adjustments134
Prepaid Insurance137
Wages Expense138
Depreciation Expense139
Expanded Chart of Accounts141
The Work Sheet142
The Ten-Column Work Sheet142
Preparing the Work Sheet142
Preparing the Work Sheet142G
Finding Errors on the Work Sheet144
Journalizing Adjusting Entries144
Posting Adjusting Entries144
Key Points146
Key Terms147
Demonstration Problem148
Review Questions151
Managing Your Writing152
Exercises and Problems152
Challenge Problem167
Mastery Problem168
Self-Study Test Questions170
AppendixDepreciation Methods171
Straight-Line Method171
Double-Declining-Balance Method173
Modified Accelerated Cost Recovery System173
Chapter 6Financial Statements and the Closing Process175
The Financial Statements176
The Income Statement176
The Statement of Owner's Equity176
The Balance Sheet179
Additional Investments by the Owner180
The Closing Process181
Journalize Closing Entries183
Post the Closing Entries185
Post-Closing Trial Balance187
The Accounting Cycle188
Key Points192
Key Terms194
Demonstration Problem194
Review Questions197
Managing Your Writing198
Exercises and Problems198
Challenge Problem207
Mastery Problem208
Self-Study Test Questions210
AppendixStatement of Cash Flows211
Types of Business Activities211
Preparing the Statement of Cash Flows213
Key Points215
Key Terms215
Review Questions215
Exercises and Problems216
Comprehensive Problem 1: The Accounting Cycle217
Part 2Accounting for Cash, Payroll and Service Businesses
Chapter 7Accounting for Cash221
Checking Account222
Opening a Checking Account222
Making Deposits222
Writing Checks225
Bank Statement227
Reconciling the Bank Statement228
Cash Payments228
Reasons for Differences Between Bank and Book Balances229
Steps in Preparing the Bank Reconciliation229
Illustration of a Bank Reconciliation230
Journal Entries231
Electronic Funds Transfer233
The Petty Cash Fund233
Establishing a Petty Cash Fund233
Making Payments from a Petty Cash Fund234
Petty Cash Payments Record234
Replenishing the Petty Cash Fund235
The Change Fund and Cash Short and Over237
Establishing and Operating the Change Fund237
Cash Short and Over237
Key Points239
Key Terms240
Demonstration Problem241
Review Questions243
Managing Your Writing243
Ethics Case243
Web Work244
Exercises and Problems244
Challenge Problem252
Mastery Problem253
Self-Study Test Questions255
Chapter 8Payroll Accounting: Employee Earnings and Deductions257
Employees and Independent Contractors258
Employees Earnings and Deductions258
Salaries and Wages259
Computing Total Earnings259
Deductions from Total Earnings261
Computing Net Pay266
Payroll Records267
Payroll Register267
Payroll Check268
Employee Earnings Record270
Accounting for Employee Earnings and Deductions270
Journalizing Payroll Transactions270
Wages and Salaries Expense272
Employee Income Tax Payable273
Social Security and Medicare Taxes Payable273
Other Deductions273
Payroll Record-Keeping Methods274
Key Points275
Key Terms276
Demonstration Problem277
Review Questions280
Managing Your Writing280
Ethics Case281
Web Work281
Exercises and Problems281
Challenge Problem288
Mastery Problem289
Self-Study Test Questions291
Chapter 9Payroll Accounting: Employer Taxes and Reports293
Employer Payroll Taxes294
Employer's FICA Taxes294
Self-Employment Tax295
Employer's FUTA Tax296
Employer's SUTA Tax296
Accounting for Employer Payroll Taxes297
Journalizing Employer Payroll Taxes297
Payroll Taxes Expense298
Social Security and Medicare Taxes Payable298
FUTA Tax Payable299
SUTA Tax Payable299
Total Payroll Cost of an Employee299
Reporting and Payment Responsibilities300
Federal Income Tax Withholding and Social Security and Medicare Taxes300
FUTA Taxes302
SUTA Taxes305
Employee Wage and Tax Statement305
Summary of Employee Wages and Taxes306
Summary of Reports and Payments306
Workers' Compensation Insurance308
Key Points311
Key Terms312
Demonstration Problem312
Review Questions314
Managing Your Writing315
Ethics Case315
Web Work315
Exercises and Problems315
Challenge Problem322
Mastery Problem323
Self-Study Test Questions324
Chapter 10Accounting for a Professional Service Buisness: The Combination Journal325
Accrual Basis Versus Cash Basis326
Accounting for a Professional Service Business329
The Combination Journal331
Journalizing in a Combination Journal333
Proving the Combination Journal335
Posting from the Combination Journal335
Determining the Cash Balance337
Performing End-of-Period Work for a Professional Service Business337
Preparing the Work Sheet337
Preparing Financial Statements340
Preparing Adjusting and Closing Entries341
Key Points342
Key Terms343
Demonstration Problem344
Review Questions348
Managing Your Writing348
Ethics Case348
Web Work349
Exercises and Problems349
Challenge Problem359
Mastery Problem359
Self-Study Test Questions361
Answers to Self-Study Test Questions362

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