Blue Wave Fishing Supplies: An Accounting Practice Set by Harvey FreedmanBlue Wave Fishing Supplies: An Accounting Practice Set by Harvey Freedman

Blue Wave Fishing Supplies: An Accounting Practice Set

byHarvey Freedman

Hardcover | March 10, 2006

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Blue Wave Fishing Supplies will help students gain an overall understanding of how accounting information is recorded in journals and transferred between journals, ledgers and sub-ledgers and inventory records, and then used in financial statement preparation to help managers in making decisions for the future.Blue Wave Fishing Supplies reinforces a Procedural approach to the subject. The practice set takes the student through a one month accounting cycle and the student fills the role of the accountant for the Proprietorship. The set takes 6-10 hours to complete and includes all source documents such as invoices, cheques, sales receipts, etc. The student processes the transactions, completes the worksheets, journal entries, special journals, prepares a trial balance and the financial statements for the first quarter. This is a manual practice set that can be converted to a computerized set through the instructions provided for Simply Accounting.
Harvey Freedman, C.G.A., recently retired, was a professor of Accounting at Humber College, where he taught for over 25 years. He was actively involved in curriculum development at the College. His work on Accounting case studies earned him the 1994-95 Innovator of the Year Award. Harvey has been the lead author of the Learning Simply...
Title:Blue Wave Fishing Supplies: An Accounting Practice SetFormat:HardcoverDimensions:66 pages, 11 × 8.5 × 0.25 inPublished:March 10, 2006Publisher:Nelson College IndigenousLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0176104631

ISBN - 13:9780176104634


Table of Contents

Introduction Company Background Description of Blue Wave Fishing Supplies Ratios Trial Balance as of June 30, 2012 Schedules of Accounts Receivable and Accounts Payable Schedule of Merchandise Inventory Items Capital Assets Note Worksheet for period ending June 30, 2012 Financial statements for period ending June 30, 2012 Bank Loan Schedule Requirements Transactions (source documents received or given during July) Additional Documents and Information for Adjustments List of Journal Forms Provided List of Additional Accounting Forms Provided Special Journals Decision Tree Special Journals Sales Journal Cash Receipts Journal Purchase Journal Cash Disbursements Journal General Journal Chart of General Ledger Accounts Complete General Ledger Subledgers Accounts Receivable-Customers Accounts Payable-Suppliers Perpetual Inventory Subledger Blank Worksheet Blank form for Income Statement Blank form for Statement of Changes in Owners Equity Blank form for Balance Sheet Blank form for Accounts Receivable and Payable Subsidiary Balances Blank form for Schedule of Inventory Items Blank form for Ratio Calculation Additional Questions Appendix A: Simply Accounting® by Sage, Income Statement Appendix B: Bank Reconciliation Form Appendix C: Bank StatementsAppendix D: Goods and Services Tax and Provincial Sales Tax Appendix E: Information on calculating the Average Cost of Inventory