Small Business Accounting (Paperback)

Part I The Foundation of Accounting

1. Accounting for Your Business 1

2. Mastering Debits and Credits 23

3. Beginning the Accounting Cycle 43

Part II Accounting for a Service Business

4. Journalizing Transactions 61

5. Posting Transactions and Preparing a Trial Balance 83

6. Adjustments and the Worksheet 111

7. Financial Statements and the Closing Process 137

Part III Basic Accounting Procedures

8. Cash, Banking, and Internal Controls 165

9. Employee Payroll and Deductions 193

10. Understanding Payroll Legalities 227

11. Special Journals: Sales and Cash Receipts 261

12. Special Journals: Purchases and Cash Disbursements 293

Part IV Accounting for a Merchandising Business

13. Merchandise Inventory 319

14. Adjustments and the Worksheet for a Merchandising Business 345

15. Financial Statements and the Closing Process for a Merchandising Business 363

Appendix A: Depreciation 385

Appendix B: Income Tax 392

Glossary 395

Index 407