Assets, liabilities, and capital -- Debits and credits : the double-entry system -- Journalizing and posting transactions -- Financial statements -- Adjusting and closing procedures -- Computer application : Peachtree complete software introduction -- Repetitive transactions : the sales and the purchases journals -- The cash journal -- Summarizing and reporting via the worksheet -- The merchandising company -- Costing merchandise inventory -- Pricing merchandise -- Negotiable instruments -- Controlling cash -- Payroll -- Property, plant, and equipment : depreciation -- The partnership -- The corporation.