Question: Please help layout what is needed to know for each chapter. Chapter One Know the basic accounting equation: Assets Liabilities + Stockholders' Equity Be able

Please help layout what is needed to know for each chapter.

Please help layout what is needed to know for each chapter. ChapterOne Know the basic accounting equation: Assets Liabilities + Stockholders' Equity Beable to work the basic accounting equation in a variety of waysBe able to use the expanded accounting equation Chapter Two Be able

Chapter One Know the basic accounting equation: Assets Liabilities + Stockholders' Equity Be able to work the basic accounting equation in a variety of ways Be able to use the expanded accounting equation Chapter Two Be able to define terms like General Ledger, General Journal, Trial Balance and how they fit into the process of accounting Understand which accounts are assets, liabilities, stockholders' equity, revenues and expenses Review debit and cre dit procedures and normal balances for each account Chapter Three Know how to journalize Prepaids Review all types of Adjusting Entries Know what a contra asset means hapter Four Review worksheets and adjustments Be able to develop financial statements from the worksheet Know how to close out the revenue and expense accounts Understand the accounting cycle. Chapter Five Understand the differences between FOB Shipping Point and FOB Destination and ownership of the goods Know how to journalize purchases and purchases/returns under a perpetual inventory system Be able to develop a multiple-step income statement Chapter One Know the basic accounting equation: Assets Liabilities + Stockholders' Equity Be able to work the basic accounting equation in a variety of ways Be able to use the expanded accounting equation Chapter Two Be able to define terms like General Ledger, General Journal, Trial Balance and how they fit into the process of accounting Understand which accounts are assets, liabilities, stockholders' equity, revenues and expenses Review debit and cre dit procedures and normal balances for each account Chapter Three Know how to journalize Prepaids Review all types of Adjusting Entries Know what a contra asset means hapter Four Review worksheets and adjustments Be able to develop financial statements from the worksheet Know how to close out the revenue and expense accounts Understand the accounting cycle. Chapter Five Understand the differences between FOB Shipping Point and FOB Destination and ownership of the goods Know how to journalize purchases and purchases/returns under a perpetual inventory system Be able to develop a multiple-step income statement

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!