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TEACHING THIS COURSE xxxv
ACCOUNTING FOR MERCHANDISE INVENTORY
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$10 par value 00 Accounts 00 Cash Accounts Payable Accounts Receivable Accumulated Depreciation adjusting entry amount Available for Sale balance sheet Bonds Payable book value calculate Capital in Excess carrying value cash flows chapter Common Stock Company COMPARATIVE BALANCE SHEET computerized corporation Current Assets Current Liabilities debit December 31 Depreciation Expense direct labor ending inventory entries to record equity Explain face value FIFO Figure gross profit income statement investment invoice journal entry LEARNING UNIT ledger LIFO look loss machine manufacturing Merchandise Inventory module Notes Payable number of shares Operating Expenses paid partners partnership payroll percent period plant assets preferred stock premium Prepaid prepared Purchases ratio raw material residual value Salaries Scrupper SELF-REVIEW QUIZ semiannual interest shares issued sinking fund sold SOLUTION TO SELF-REVIEW statement of cash stock dividend straight-line method total assets Total Stockholders treasury stock truck turnover voucher register voucher system Vouchers Payable