Returns of Stock Chapter 13. Two Types There are basically two types of returns: purchase returns and sales returns. A purchase return occurs when stock.
© Mark E. Damon - All Rights Reserved Directions: Scroll through the presentation and enter the answers (which are really the questions) and the questions.
A _____ shows in one place all the changes in a single account. Ledger.
Chapter Twelve Work Sheet and Adjusting Entries. Copyright © Houghton Mifflin Company. All rights reserved. 12 - 2 Performance Objectives 1.Prepare an.
LESSON 13-2 Recording Employer Payroll Taxes. PAYMENT OF TAXES TO GOVERNMENT Two Types of Taxes paid 1.Salary Taxes and Deductions Taxes & deductions.
Chapter 3-1 Normal Balance Credit Normal Balance Debit Debits and Credits Summary LO 2 Explain double-entry rules.
Accounting Chapter 4 Unit 7 Notes Posting to the Ledger Mrs. Joudrey.
CHAPTER SEVEN The General Journal McGraw-Hill/Irwin Accounting Fundamentals, 7/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. 7-3 1.
The Accounting Cycle. What we know so far… So far we know how to : Identify and differentiate balance sheet and income statement accounts Manipulating.
GOOD MORNING!!. Reminder: A business transaction is anytime that an exchange of value happens within the normal operation of a business Every transaction.
The Adjustment Process Accountants need to ensure that the statements they produce are: Up to Date, Accurate, Consistent Adjustments are necessary to.
Recording Transactions in a General Journal Making Accounting Relevant Some people keep journals to keep track of their daily activities. Making Accounting.