Form(賬戶式)

1、Unit 1 Double-entry Unit 1 Double-entry BookkeepingBookkeeping Assets Liability Assets LiabilityDebit Credit Debit CreditDebit Credit Debit Creditfor for for forfor for for forIncreases Decreases Decreases IncreasesIncreases Decreases Decreases Increases Owners equity Owners equity Debit Credit Debi

2、t Credit for for for for Decreases Increases Decreases Increases1. On January 1,John invested $60,000 in his own 1. On January 1,John invested $60,000 in his own advertising agency.advertising agency. Dr .Cash 60,000 Dr .Cash 60,000 Cr. Capital 60,000 Cr. Capital 60,0002. Rental an office, paying tw

3、o months rent in 2. Rental an office, paying two months rent in advance, $5,000.advance, $5,000. Dr. Prepaid Rent 5,000 Dr. Prepaid Rent 5,000 Cr. Cash 5,000 Cr. Cash 5,0003. Purchased art equipment for $22,000 cash.3. Purchased art equipment for $22,000 cash. Dr. Art Equipment 22,000 Dr. Art Equipm

4、ent 22,000 Cr. Cash 22,000 Cr. Cash 22,0004. Purchased Office Equipment from M. Equipment 4. Purchased Office Equipment from M. Equipment for $18,000, paying $7,500 in cash and agreeing to for $18,000, paying $7,500 in cash and agreeing to pay the rest next month.pay the rest next month. Dr. Office

5、Equipment 18,000 Dr. Office Equipment 18,000 Cr. Cash 7,500 Cr. Cash 7,500 Accounts Payable 10,500 Accounts Payable 10,5005. Purchased on credit art supplies for $9,000 and 5. Purchased on credit art supplies for $9,000 and office supplies for $400 from T. Supply Company,office supplies for $400 fro

6、m T. Supply Company, Dr. Art Supplies 9,000 Dr. Art Supplies 9,000 Office Supplies 4,000 Office Supplies 4,000 Cr. Accounts Payable 13,000 Cr. Accounts Payable 13,0006. Paid T. Supply Company $5,000 of the amount 6. Paid T. Supply Company $5,000 of the amount owed.owed. Dr. Accounts Payable 5,000 Dr

7、. Accounts Payable 5,000 Cr. Cash 5,000 Cr. Cash 5,0007. Performed a service by placing advertisements for 7. Performed a service by placing advertisements for an automobile dealer in the newspaper and an automobile dealer in the newspaper and collected a fee of $8,000.collected a fee of $8,000. Dr.

8、 Cash 8,000 Dr. Cash 8,000 Cr. Advertising Fees Earned 8,000 Cr. Advertising Fees Earned 8,0008. Paid $2,400 for a one 8. Paid $2,400 for a one year insurance policy. year insurance policy. Dr. Prepaid Insurance 2,400 Dr. Prepaid Insurance 2,400 Cr. Cash 2,400 Cr. Cash 2,4009. Paid the secretary two

9、 weeks salary,$3,500.9. Paid the secretary two weeks salary,$3,500. Dr. Office Wages Salary 3,500 Dr. Office Wages Salary 3,500 Cr. Cash 3,500 Cr. Cash 3,50010. Accepted $5,200 as an advance fee for art work 10. Accepted $5,200 as an advance fee for art work to be done for another agency.to be done

10、for another agency. Dr. Cash 5,200 Dr. Cash 5,200 Cr. Unearned Art Fees 5,200 Cr. Unearned Art Fees 5,20011. Performed a service by placing several 11. Performed a service by placing several advertisements for W. Department Stone and A & A advertisements for W. Department Stone and A & A Grocers. Th

11、e earned fees of $7,000 and $9,000, Grocers. The earned fees of $7,000 and $9,000, respectively, will be collected next month.respectively, will be collected next month. Dr. Accounts Receivables 16,000 Dr. Accounts Receivables 16,000 Cr. Advertising Fees Earned 16,000 Cr. Advertising Fees Earned 16,

12、00012. John Miller withdrew $8,000 from the business 12. John Miller withdrew $8,000 from the business for personal living expenses.for personal living expenses. Dr. John Miller Withdraw 8,000 Dr. John Miller Withdraw 8,000 Cr. Cash 8,000 Cr. Cash 8,00013. Paid the secretary two more weeks salary, $

13、3,500.13. Paid the secretary two more weeks salary, $3,500. Dr. Office Wages Expenses 3,500 Dr. Office Wages Expenses 3,500 Cr. Cash 3,500 Cr. Cash 3,50014. Paid the Utility bill, $500.14. Paid the Utility bill, $500. Dr. Utility Fees 500 Dr. Utility Fees 500 Cr. Cash 500 Cr. Cash 50015.Received a t

14、elephone bill, $3,50015.Received a telephone bill, $3,500 Dr. Telephone Expense 3,500 Dr. Telephone Expense 3,500 Cr. Accounts Payable 3,500 Cr. Accounts Payable 3,500There are three steps to be followed in the There are three steps to be followed in the recording processes:recording processes:1. An

15、alyze the transactions from the source 1. Analyze the transactions from the source documents.documents.2. Enter the transactions into the journal.2. Enter the transactions into the journal.3. Post the entries to the ledgers.3. Post the entries to the ledgers.Steps in the accounting cycleSteps in the

16、 accounting cycle1. Analyze transactions from source documents1. Analyze transactions from source documents2. Record in journals.2. Record in journals.3. Post to general ( and subsidiary) ledger accounts.3. Post to general ( and subsidiary) ledger accounts.4. Adjust the general ledger accounts.4. Ad

17、just the general ledger accounts.5. Prepare financial statements.5. Prepare financial statements.6. Close temporary accounts.6. Close temporary accounts.There must be a heading that identifies the There must be a heading that identifies the statement :statement :1.The name of the business.1.The name

18、 of the business.2.The name of the financial statement 2.The name of the financial statement “Balance Sheet”“Balance Sheet”3. The date of the balance sheet.3. The date of the balance sheet.4.Below the heading is the body of the Balance 4.Below the heading is the body of the Balance sheet, which cons

19、ists of three distinct sheet, which consists of three distinct sections: assets, liabilities and owners sections: assets, liabilities and owners equity.equity.A Balance Sheet may take either one of the A Balance Sheet may take either one of the two forms:two forms:1. Account Form(1. Account Form(賬戶式

20、）賬戶式）2. Report Form 2. Report Form （報告式）（報告式）2004Balance Sheet: 2004Balance Sheet: 資產(chǎn)負(fù)債表資產(chǎn)負(fù)債表年年7 7月月8 8日，因涉嫌公司財務(wù)丑聞被起訴的安然前首日，因涉嫌公司財務(wù)丑聞被起訴的安然前首席執(zhí)行官肯尼斯。萊在法庭上堅稱自己無罪，并表席執(zhí)行官肯尼斯。萊在法庭上堅稱自己無罪，并表示前首席財務(wù)官安德魯。法斯托才是真正應(yīng)該受到示前首席財務(wù)官安德魯。法斯托才是真正應(yīng)該受到譴責(zé)的人。譴責(zé)的人。他表示：他表示：At our core, regrettably, we had a At our core, regre

21、ttably, we had a chief financial officer and a few other people who, chief financial officer and a few other people who, in fact, mismanaged the companys balance sheet in fact, mismanaged the companys balance sheet and finances and enriched themselves in a way that and finances and enriched themselv

22、es in a way that once we got into a stressful environment in the once we got into a stressful environment in the marketplace, the company collapsed.marketplace, the company collapsed.Balance sheetBalance sheet是會計學(xué)術(shù)語是會計學(xué)術(shù)語“資產(chǎn)負(fù)債表資產(chǎn)負(fù)債表”，是反映公司在一定日期全部資產(chǎn)、負(fù)債和所有者權(quán)是反映公司在一定日期全部資產(chǎn)、負(fù)債和所有者權(quán)益信息的會計報表。它表明公司在某一特定日期所

23、益信息的會計報表。它表明公司在某一特定日期所擁有的經(jīng)濟資源、所承擔(dān)的經(jīng)濟義務(wù)和公司所有者擁有的經(jīng)濟資源、所承擔(dān)的經(jīng)濟義務(wù)和公司所有者對凈資產(chǎn)的要求權(quán)。對凈資產(chǎn)的要求權(quán)。Exercise 3 ( P46)Exercise 3 ( P46) Prepare a Balance Sheet for the AAA. Prepare a Balance Sheet for the AAA. Company as of December 31 of the current Company as of December 31 of the current year using the data given

24、 below.year using the data given below.Cash 16,000Cash 16,000Accounts receivable 12,000Accounts receivable 12,000Supplies 15,000Supplies 15,000Accounts Payable 14,000Accounts Payable 14,000Salaries Payable 8,000Salaries Payable 8,000AAA .Capital 21,000AAA .Capital 21,000Exercise 4 (p46Exercise 4 (p4

25、6）Translate the following into EnglishTranslate the following into English現(xiàn)金現(xiàn)金 （cash) 5cash) 5，000000應(yīng)收賬款應(yīng)收賬款(Accounts receivable) 3(Accounts receivable) 3，000000應(yīng)收票據(jù)應(yīng)收票據(jù)(Notes receivable) 1(Notes receivable) 1，000000庫存商品庫存商品 (Merchandise Inventory) 10(Merchandise Inventory) 10，000000辦公用品辦公用品(Office

26、 Supplies) 1(Office Supplies) 1，500500資產(chǎn)合計資產(chǎn)合計(Total Assets) 20(Total Assets) 20，000000Items to appear in an Income Statement of a Items to appear in an Income Statement of a merchandising company may differ from merchandising company may differ from those of a service company or a those of a servic

27、e company or a manufacturing company but the following manufacturing company but the following equation forms always hold true:equation forms always hold true:Total revenues Total revenues Total expenses = Net Total expenses = Net income ( profit) income ( profit) Total expenses Total expenses Total

28、 revenues = Net loss Total revenues = Net lossExercise 3 (p54)Exercise 3 (p54)Use the given information of PPP. Company, prepare an Use the given information of PPP. Company, prepare an Income Statement for the current year ending December 30.Income Statement for the current year ending December 30.

29、Sales 40,000Sales 40,000Rent Expense 2,000Rent Expense 2,000Cost of Goods Sold 15,000Cost of Goods Sold 15,000Sales Returns and Allowances 2,000Sales Returns and Allowances 2,000Advertising Expense 3,000Advertising Expense 3,000Sales Salaries Expense 5,000Sales Salaries Expense 5,000Insurance Expens

30、e 500Insurance Expense 500Office Salaries Expense 8,500Office Salaries Expense 8,500The Statement of Cash FlowsThe Statement of Cash FlowsAnnual Report 2003Annual Report 20030404Statement of cash flowsStatement of cash flowsOn a Statement of cash flows, cash has On a Statement of cash flows, cash ha

31、s a broader meaning .It includes:a broader meaning .It includes:(1)cash on hand(1)cash on hand(2)cash in the bank(2)cash in the bank(3)Cash equivalents ,which are highly (3)Cash equivalents ,which are highly liquid short term investments that liquid short term investments that can be converted into

32、cash with little can be converted into cash with little delay.delay.The statement of cash flows reports The statement of cash flows reports cash receipts and cash disbursement cash receipts and cash disbursement classified according to the entitys classified according to the entitys major activities:major activities:OperatingOperatingInvesting Investing financingfinancing(1)To report cash flows two methods :(1)To report cash flows two methods :Direct method: to report cash flows from Direct method: to report cash flows