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Using Information Type 3: The Unearned Revenue Per Unit    92
Step 3: Prepare the Adjusting Journal Entry     96
Objective II: Determine the New Balances
of the Accounts Affected    98
Three Easy Steps    98
Comparing the Two Deferrals    99
Prepaid Expense Compared to Unearned
Revenue    99
Review and Vocabulary     100
Practice    101

Learning Goal 6:   Depreciate Plant and
   Equipment Assets    105

Subject Overview    105
Overview of Plant and Equipment    105
Overview of Depreciation    106
Calculating Depreciation and Making the
Adjusting Entry    108
Calculating the Amount of Depreciation    108
Making the Adjusting Entry    110
Book Value    112
Definition and Examples    112
Review and Vocabulary     114
Practice    115

Learning Goal 7:   Prepare Adjusting Entries
   for Accrued Revenues    119
Overview of Accruals    120
Accrued Revenues and Accrued Expenses    120
Accrual Adjustments    120
A Closer Look at Accrued Revenues    121
Identify Accrued Revenues    121
How to Adjust for Accrued Revenues    122
The Two Objectives    122
Objective I: Prepare the Adjusting
Journal Entry    124
Step 1: Identify the Key Information Type    124
Step 2: Select the Proper Method to Calculate
the Revenue Earned    127
Step 3: Prepare the Adjusting Journal Entry    129
Objective II: Determine the New Account
Balances    131
Three Easy Steps    131
What Happens in the Period After the
Accrual?    132
Examples    132
   
 Learning  Goal 8:    Prepare Adjusting Entries for
    Accrued Expenses   136
A Closer Look at Accrued Expenses    136
Identify Accrued Expenses    136
How to Adjust for Accrued Expenses    138
The Two Objectives    138
Objective I: Prepare the Adjusting Journal Entry   140
Step 1: Identify the Key Information Type   140
Step 2: Select the Proper Method to Calculate
the Expense    142
Step 3: Prepare the Adjusting Journal Entry    145
Objective II: Determine the New Account
Balances    147
Three Easy Steps    147
What Happens in the Period After the Accrual?   148
Examples    148
Review and Vocabulary    151
Practice    152

 Learning  Goal 9:    Know Which Adjustment You
    Need to Do    156
How to Know Which Adjustment to Do    156
Overview of the Process    156
Prepaid Expenses (Deferred Expenses)    157
Unearned Revenues (Deferred Revenues)    159
Depreciation    160
Accrued Revenues    161
Accrued Expenses    162
The Simple System   163
The Standard Forms of Adjusting Journal Entries   164
Summary Table of All Adjustment Features    164
Review and Vocabulary    166
Practice    167

Learning Goal 10:   Prepare and Use an Adjusted
   Trial Balance    185
The Adjusted Trial Balance    185
Overview of the Adjusted Trial Balance    185
Prepare Financial Statements from Adjusted
Trial Balance    186
Practice    189

Learning Goal 11:  Review the Accounting Cycle    190
The Accounting Cycle Procedures    190
Cumulative Vocabulary Review   192
 
    
  
 
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Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include the balance sheet, the income statement, financial ratios, and bank reconciliation.

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