This text thoroughly prepares your first-year accounting students for the future. It exposes them to the entire accounting cycle, and a variety of business situations. It is the only text that covers the COMPLETE accounting cycle for all three major business organizations: sole proprietorships, partnerships, and corporations. This text is commonly referred to as "the blue book", and it uses the traditional multicolumn journal method to teach accounting concepts.

This text thoroughly prepares your first-year accounting students for the future. It exposes them to the entire accounting cycle, and a variety of business situations. It is the only text that covers the COMPLETE accounting cycle for all three major business organizations: sole proprietorships, partnerships, and corporations. This text is commonly referred to as "the blue book", and it uses the traditional multicolumn journal method to teach accounting concepts.

Kenton E. Ross is Professor Emeritus, Department of Accounting, at Texas AandM University-Commerce. He formerly served as Dean of the College of Business and Technology; Director of Business and Economic Research; and Head, Department of Accounting.The late Robert D. Hanson was Professor of Business Education and Associate Dean of the College of Business Administration at Central Michigan University.Claudia B. Gilbertson has had experience as a high school instructor for 11 years and as a community college instructor for 13 years. She is currently a teaching professor at Anoka-Ramsey Community College.Mark W. Lehman is an Assistant Professor in the School of Accountancy at Mississippi State University, where he teaches in the areas of microcomputers, accounting systems, and auditing. He regularly teaches continuing education classes on microcomputers and internal control.

Part I Accounting as a Career. 1. Accounting Careers: Communication and Ethics in the Workplace. Part II Accounting for a Service Business Organized as a Proprietorship. 2. Starting a Proprietorship. 3. Starting a Proprietorship: Changes That Affect Owner's Equity. 4. Analyzing Transactions into Debit and Credit Parts. 5. Journalizing Transactions. 6. Posting to a General Ledger. 7. Cash Control Systems. 8. Work Sheet for a Service Business. 9. Financial Statements for a Proprietorship. 10. Recording Adjusting and Closing Entries for a Service Business. Part III Accounting for a Merchandising Business Organized as a Partnership. 11. Journalizing Purchases and Cash Payments. 12. Journalizing Sales and Cash Receipts. 13. Posting to General and Subsidiary Ledgers. 14. Preparing Payroll Records. 15. Payroll Accounting, Taxes, and Reports. 16. Work Sheet for a Merchandising Business. 17. Financial Statements for a Proprietorship. 18. Recording Adjusting and Closing Entries for a Partnership. Part IV Accounting for a Merchandising Business Organized as a Corporation. 19. Recording Purchases and Cash Payments Using Special Journals. 20. Recording Sales and Cash Receipts Using Special Journals. 21. Accounting for Uncollectible Accounts Receivable. 22. Accounting for Plant Assets and Depreciation. 23. Accounting for Inventory. 24. Accounting for Notes and Interest. 25. Accounting for Accrued Revenue and Expenses. 26. Distributing Dividends and Preparing a Work Sheet for a Corporation. 27. Financial Statements and End-of-Fiscal Period Entries for a Corporation. Part V The Legal Environment of Business. 28 Forming and Dissolving a Business Organization. Appendix A Accounting Concepts . Appendix B Using a Calculator and Computer Keypad. Appendix C Recycling Problems. Appendix D Answers to Audit Your Understanding.