BUS 222 • Midterm • Principles of Accounting II

What is Accounting?

Introduction to Accounting Concepts

Accounting Concepts

The Accounting Equation and Financial Position

Double Entry Accounting

Introduction to Merchandise Companies

Multi-step Income Statements

Perpetual System - Purchasing Entries

Perpetual System - Sales Entries1

Perpetual System - Sales Entries2

Entries for Merchandising Operations - Perpetual Inventory

Merchandising Operations: Sales and Purchase Together

Merchandising Company - Multistep Income Statement

Merchandising Company - Closing Entries

Inventory Shrinkage

Merchandising Company Net Income

Merchandising Operations

Merchandising Company: Net Sales and COGS

Merchandising Company: Journal entries

Merchandise Transactions

Merchandising Company: COGS Periodic System

Perpetual Inventory System I - part 1

Perpetual Inventory System I - part 2

Perpetual Inventory System II

Multi-step Income Statement & Closing Entries - part1

Multi-step Income Statement & Closing Entries - part2

Merchandise Operations

Merchandise Operations

Merchandise Operations

Introduction to Accounting of Inventories

Inventory Costing - Specific Identification

Inventory Costing - FIFO

Inventory Costing - LIFO

Inventory Costing - Weighted Average

Inventory Costing - Impact on Journal Entries - Perpetual System

Inventory Costing - Impact on Financial Statements

Periodic Inventory System

COGS, Inventory Valuation, Journal Entries: FIFO Method

COGS, Inventory Valuation, Journal Entries: LIFO Method

COGS, Inventory Valuation, Journal Entries: WEIGHTED AVERAGE Method

Multi Step Income Statement - Closing Entries - Periodic System

Inventory Shrinkage

COGS, Inventory Valuation, LIFO, FIFO, Weighted Average Method

COGS, Inventory Valuation, Weighted Average Method

Merchandise Inventory

Merchandise Inventory

Plant Assets, Cost Principle, Lump sum Purchase

Depreciation, Depreciation Methods, Straight Line Method

Depreciation: Units of Production Method

Depreciation: Double Declining Balance Method

Depreciation: Partial Year Depreciation

Depreciation: Changing Estimates of a Depreciable Asset

Options for Disposal of Plant Asset

Natural Resources

Straight Line Depreciation

Depreciation: Units of Production Method

Depreciation: Double Declining Method

Concept of Depreciation

Cost of Asstes - Lump Sum Purchase

Disposal of an Asset: Sale

Exchange of an Asset

Long Example on Long-term Assets

Soru: Calculating and Recording Goodwill

Depreciation: Change in Useful Life Estimate

Purchase Cost of a Plant Asset

Purchase Cost of a Plant Asset

Depreciation: Straight Line Method

Depreciation: Straight Line Method

Depreciation: Straight Line Method

Depreciation: Straight Line Method

Depreciation: Double Declining Balance Method

Depreciation: Units of Activity Method

Disposal of Plant Assets

Depreciation: Straight Line Method

Intangible Assets: Goodwill

Depreciation: Straight Line Method

Depreciation: Straight Line Method

Depreciation of Plant Assets

Depreciation: Double Declining Balance Method

Depreciation: Straight Line Method

Depreciation: Straight Line Method

Depreciation: Double Declining Balance Method

Intangible Assets

Account for contingent liabilities: Warranties

Account for and Record Payroll

Value Added Tax

Notes Payable: Accrued Interest

Note Payable

Notes Payable

Notes Payable

Problem: Notes Payable

Issuing Bonds Payable at Par (Face Value)

Bond Fundamentals and Bond Prices

Bond Issuance and Straight Line Amortisation: Bonds Issued at Face Value

Bond Issuance and Straight Line Amortisation: Bonds Issued at Discount

Bond Issuance and Straight Line Amortisation: Bonds Issued at Premium

Journal Entries for Bond Issued at Par

Journal Entries for Bond Issued at Discount

Journal Entries for Bond Issued at Premium

Issuing Bond at a Discount with Accrued Interest

Corporations

Stockholder's Equity

Issuance of Shares

Treasury Stock

Stock Split

Corporations - Issuance of Common and Preferred Stock

Corporations - Declaring and Payments of Dividends

Corporations: Stock Split, Stock Dividend

Purchase and Sale of Treasury Stock

Stockholder's Equity Section, EPS and P/E Ratio

Corporations, Equity Transactions

Treasury Stock

Common Share - Corporations

Treasury Stock

Stock Dividends

Stock Splits and Stock Dividends

Common Stock, Paid in capital, Treasury Stock

Stock Split

Common Stock, Paid-in-Capital

Stock Splits and Stock Dividends

Discarding Plant Assets

Preferred Stock Issuance

Preferred Shareholders

Issuance of Common Stock

Preferred Shareholders

Retiring Preferred Stock

Issuance of Common Stock

Dividend payments to preferred stock holders

Common Stock, Paid in Capital

Common Stock, Paid in Capital

Issuance of Preferred Share

Issuance of Common Stock, Treasury Stock

Shareholders Equity Section of Corporations

Common Stock

Treasury Stock

Stock Dividends, Stock Splits

Shareholders Equity Section of Corporations

Stock Split

Shareholders Equity Section of Corporations

Shareholders Equity Section of Corporations

Issuance of Common Stock

Issuance of Common Stock

Additional Paid in Capital - Common Stock

Shareholders Equity Section of Corporations

Stock Split

Shareholders Equity Section of Corporations

Ordinary and Preference Shares

Partnership Transactions (Part1)

Partnership Transactions (Part2-Liquidation)