After studying Chapter 14, you will be able to:
- Define accounting terms related to distributing dividends and preparing a work sheet for a merchandising business.
- Identify accounting concepts and practices related to distributing dividends and preparing a work sheet for a merchandising business.
- Journalize the declaration and payment of a dividend.
- Begin a work sheet for a merchandising business.
- Plan work sheet adjustments for merchandise inventory, supplies, prepaid expenses, uncollectible accounts, and depreciation.
- Calculate federal income tax and plan the work sheet adjustment for federal income tax.
- Complete a work sheet for a merchandising business.
Mastery Problem 14-7
- Make a copy of this spreadsheet.
- Place this file in your Chapter 14 folder.
- Rename the file to Mastery Problem 14-7-(Your Initials)
- Complete the spreadsheet according to the directions on page 439-440 or below.
Challenge Problem 14-8
- Make a copy of this spreadsheet.
- Place this file in your Chapter 14 folder.
- Rename the file to Challenge Problem 14-8-(Your Initials)
- Complete the spreadsheet according to the directions on page 440 or below.
Study Guide 14
- Utilize this review to assess your learning from Chapter 14. You have 10 attempts to get as good of a score as you can. You are free to use the online textbook above when going through this review.