Corrections to the Textbook

Corrections to the Textbook - Corrections to the Textbook...

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Corrections to the Textbook Chapter 1 Page 10 In Exhibit 1.6, Cash received from customers should be $61,000 instead of $61,000). Page 16 The last sentence of the first paragraph, which reads in part, “More detailed descriptions of the accounting profession…” should be deleted. Chapter 2 Page 26 In the sentence below the blue box (Assets = Liabilities + Owners’ Equity) the apostrophe in the second to last word (“equation’s”) is backwards. Page 28 In the first sentence of the Owner's Equity section, the "r" of "represents" should be italicized. Page 28 The rearranged basic accounting equation in the blue box should read Assets – Liabilities = Owners’ Equity. Page 31 In Exhibit 2.2 line item (4), the +30,000 amount should be listed under the Inventory and Accounts Payable columns (not the Prepaid Rent and Equipment columns). Chapter 3 Page 59 Exhibit 3.2, Panel B-should read Journal (not Jounal) Page 72 Exhibit 3.3, An underline is missing before the total of $25,300 on the credit side. Chapter 4 Page 79 In Exhibit 4.1, there is a single line missing before the debit and credit totals. Page 83 Near the top of the page, the should not be a comma after Osborne Consulting Page 85 Both the journal entries and ledger accounts should debit Depreciation Expense instead of Accumulated Depreciation. Page 89
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Corrections to the Textbook - Corrections to the Textbook...

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