Accounting Principles 10th Solutions

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Accounting Principles, 10th Edition
Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
solutions manual
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Table of Contents
1 Accounting in Action
2 The Recording Process
3 Adjusting the Accounts
4 Completing the Accounting Cycle
5 Accounting for Merchandising Operations
6 Inventories
7 Accounting Information Systems
8 Fraud, Internal Control, and Cash
9 Accounting for Receivables
10 Plant Assets, Natural Resources, and Intangible Assets
11 Current Liabilities and Payroll Accounting
12 Accounting for Partnerships
13 Corporations: Organization and Capital Stock Transactions
14 Corporations: Dividends, Retained Earnings, and Income Reporting
15 Long-Term Liabilities
16 Investments
17 Statement of Cash Flows

18 Financial Statement Analysis
19 Managerial Accounting
20 Job Order Costing
21 Process Costing
22 Cost-Volume-Profit
23 Budgetary Planning
24 Budgetary Control and Responsibility Accounting
25 Standard Costs and Balanced Scorecard
26 Incremental Analysis and Capital Budgeting
A Specimen Financial Statements: PepsiCo, Inc. A1
B Specimen Financial Statements: The Coca-Cola Company, Inc. B1
C Specimen Financial Statements: Zetar plc C1
D Time Value of Money D1
E Using Financial Calculators E1
F Standards of Ethical Conduct for Management Accountants F1

SAMPLE Chapter 2:

A T account has the following parts: (a) the title, (b) the left or debit side, and (c) the right or
credit side.

Disagree. The terms debit and credit mean left and right respectively.

Jeff is incorrect. The double-entry system merely records the dual effect of a transaction
on the accounting equation. A transaction is not recorded twice; it is recorded once, with a
dual effect.

Maria is incorrect. A debit balance only means that debit amounts exceed credit amounts
in an account. Conversely, a credit balance only means that credit amounts are greater
than debit amounts in an account. Thus, a debit or credit balance is neither favorable nor

(a) Asset accounts are increased by debits and decreased by credits.

(b) Liability accounts are decreased by debits and increased by credits.

(c) Revenues and owner's capital are increased by credits and decreased by debits.
Expenses and owner's drawing are increased by debits and decreased by credits.

(a) Accounts Receivable--debit balance.
(b) Cash--debit balance.
(c) Owner's Drawings--debit balance.
(d) Accounts Payable--credit balance.
(e) Service Revenue--credit balance.
Salaries and Wages Expense--debit balance.
(g) Owner's Capital--credit balance.

(a) Accounts Receivable--asset--debit balance.
(b) Accounts Payable--liability--credit balance
(c) Equipment--asset--debit balance.
(d) Owner's Drawings--owner's equity--debit balance.
(e) Supplies--asset--debit balance.

(a) Debit Supplies and credit Accounts Payable.
(b) Debit Cash and credit Notes Payable.
(c) Debit Salaries and Wages Expense and credit Cash.

(1) Cash--both debit and credit entries.
(2) Accounts Receivable--both debit and credit entries.
(3) Owner's Drawings--debit entries only.
(4) Accounts Payable--both debit and credit entries.
(5) Salaries and Wages Expense--debit entries only.
(6) Service Revenue--credit entries only.

The basic steps in the recording process are:
(1) Analyze each transaction for its effect on the accounts.
(2) Enter the transaction information in a journal.
(3) Transfer the journal information to the appropriate accounts in the ledger.

And so on . . . +60 pages of chapter 2 are available; and similar for all other chapters.
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