Slide 1Returns of Stock Chapter 13 Slide 2 Two Types There are basically two types of returns: purchase returns and sales returns. A purchase return occurs when stock is…

Slide 1 Slide 2 © Mark E. Damon - All Rights Reserved Slide 3 Directions: Scroll through the presentation and enter the answers (which are really the questions) and the…

Slide 1A _____ shows in one place all the changes in a single account. Ledger Slide 2 Account numbers may be assigned by 10s so that ____ accounts can be added easily. New…

Slide 1 Chapter Twelve Work Sheet and Adjusting Entries Slide 2 Copyright © Houghton Mifflin Company. All rights reserved. 12 - 2 Performance Objectives 1.Prepare an adjustment…

Slide 1 LESSON 13-2 Recording Employer Payroll Taxes Slide 2 PAYMENT OF TAXES TO GOVERNMENT Two Types of Taxes paid 1.Salary Taxes and Deductions Taxes & deductions you…

Slide 1 Chapter 3-1 Normal Balance Credit Normal Balance Debit Debits and Credits Summary LO 2 Explain double-entry rules. Slide 2 Chapter 3-2 Basic Accounting Equation LO…

Slide 1 Slide 2 Slide 3 CHAPTER SEVEN The General Journal Slide 4 McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.…

Slide 1 The Accounting Cycle Slide 2 What we know so far… So far we know how to :  Identify and differentiate balance sheet and income statement accounts  Manipulating…

Slide 1 GOOD MORNING!! Slide 2  Reminder: A business transaction is anytime that an exchange of value happens within the normal operation of a business  Every transaction…

Slide 1 Slide 2 The Adjustment Process Accountants need to ensure that the statements they produce are: Up to Date, Accurate, Consistent Adjustments are necessary to ensure…