interactivestudenteditionTABLEOFCONTENTSChapter1YouandtheWorldofAccounting4ThinkingAboutaCareer:NationalGeographicSocietySection1ExploringCareers6Assessment12Section2AccountingCareers:ThePossibilitiesAreEndless!13Assessment16AccountingCareersinFocus17ChapterSummary18ChapterReviewandActivities20ChapterProblems21WinningCompetitiveEvents23Real-WorldApplicationsandConnections24Chapter2TheWorldofBusinessandAccounting26BecominganEntrepreneur:AvedaCorporationSection1ExploringtheWorldofBusiness28Assessment32Section2Accounting:TheUniversalLanguageofBusiness33Assessment36AccountingCareersinFocus37ChapterSummary38ChapterReviewandActivities40ChapterProblems41WinningCompetitiveEvents43Real-WorldApplicationsandConnections44Unit1IntroductiontoAccounting2viiTABLEOFCONTENTSChapter3BusinessTransactionsandtheAccountingEquation48InvestingCapital:HARPOProductions,Inc.Section1PropertyandFinancialClaims50Assessment53Section2TransactionsThatAffectOwner’sInvestment,54Cash,andCreditAssessment59Section3TransactionsThatAffectRevenue,Expense,and60WithdrawalsbytheOwnerAssessment63ChapterSummary64ChapterReviewandActivities66ComputerizedAccounting67ChapterProblems68WinningCompetitiveEvents73Real-WorldApplicationsandConnections74Chapter4TransactionsThatAffectAssets,Liabilities,76andOwner’sCapitalAnalyzingBusinessTransactions:PandaRestaurantGroupSection1AccountsandtheDouble-EntryAccountingSystem78Assessment82Section2ApplyingtheRulesofDebitandCredit83Assessment88AccountingCareersinFocus89ChapterSummary90ChapterReviewandActivities92ComputerizedAccounting93ChapterProblems94WinningCompetitiveEvents99Real-WorldApplicationsandConnections100Unit2TheBasicAccountingCycle46viiiTABLEOFCONTENTSChapter5TransactionsThatAffectRevenue,Expenses,and102WithdrawalsAnalyzingRevenueandExpenses:SouthwestAirlinesSection1RelationshipofRevenue,Expenses,104andWithdrawalstoOwner’sEquityAssessment110Section2ApplyingtheRulesofDebitandCredittoRevenue,111Expense,andWithdrawalsTransactionsAssessment116AccountingCareersinFocus...