會計學專業(yè)英語課件

accountingenglish

whydoyoutakethecourseofaccountingenglish?whatarethelearningobjectivesofaccountingenglish?isaccountingenglishdifficult?suggestionsforstudypreviewingthetextisveryimportant.《anenglish–chinesedictionaryofaccounting》，《英漢雙解財會詞典》，外語教學與研究出版社，[英]p.h.collin,adrianjoliffe編，張煒等譯，2002年9月第1版chapter1accounting:thebasisfordecisionslearningobjectivesexplainthedefinitionofaccounting;understandthebasicfunctionofaccounting;ascertaintheusersofaccountinginformationandknowwhytheyneedtheinformation;understandthetypesofaccountinginformation;haveageneralideaoftheprofessionalfieldsofaccountingandtheirduties.learntheaccountingtermsinthischapterandusetheminthetranslationtask.accounting會計（學）accountant會計師beancounter數(shù)豆子的人differentexpressionsabout“企業(yè)”inenglishbusinessenterprisefirm

companycorporationdefinitionofaccountingaccountingisaninformationsystemdesignedtorecord,classifyandsummarizesystematicallysignificantfinancialandothereconomicinformationaboutbusinessfirms,andanalysesandinterpretsitsresults,withmonetaryunitasitsmaincriterion.

accounting:informationfordecisionmakingtheprimaryobjectiveofaccountingtoprovideinformationthatisusefulformakingdecisions.usersofaccountinginformationexternalusersinternal

usersusersofaccountinginformationinternalusersofaccountinginformationquestion:howtodefineinternalusersofaccountinginformation?whoareinternalusersofaccountinginformation?whichdecisionsmadebythemanagement？internalusersofaccountinginformationowe欠債owetosb.欠某人的債meet=payoff償還mature=beduev.到期maturityn.到期inventory=stock存貨expense費用revenue收入earnings=profits利潤plant工廠，植物，機器設備internalusersofaccountinginformationquestion:whichdecisionsaretobemadebyinternalusersexceptformanagement?externalusersofaccountinginformationquestion:howtodefineexternalusersofaccountinginformation?whoareexternalusersofaccountinginformation?couldtheaccountantprovideaccountinginformationtomeettheneedsofdiverseusers?whoarethetwoprimaryexternalusersofaccountinginformation?externalusersofaccountinginformation課后自學p7第1段question:whichdecisionsaretobemadebyexternalusers?objectiveofexternalfinancialreportingwhatistheobjectiveofexternalfinancialreporting?operationperformance經(jīng)營成果financialposition財務狀況cashflow現(xiàn)金流returnofinvestment投資回收returnoninvestment投資回報課后自學p8第2和第4段練習：p13exercises1typesofaccountinginformationfinancialaccountingmanagementaccountingtaxaccountingfinancialaccountingfinancialaccountinginformationdescribesthefinancialposition(財務狀況),resultofoperation(經(jīng)營成果),andcashflow(現(xiàn)金流)ofaneconomicentity.question:whousethefinancialaccountinginformation?incometaxreturns納稅申報prepareincometaxreturns編制納稅申報general-purposeaccountinginformation通用會計信息managementaccountingquestion:what’sthepurposeofmanagementaccounting?課后自學p5第5段taxaccountingquestion:whatfunctionsdoestaxaccountingencompass?confirmto/with與…相一致minimizethetaxburden使稅負最小化professionfields

ofaccountingprivateaccountingpublicaccounting

accountingforgovernments

andnonprofitorganizationspublicaccountingcpa(certifiedpublicaccountants)cpafirm普華永道(pricewaterhousecoopers，pwc)安永(ernst&young，e&y)畢馬威(kpmg)德勤(deloittetouchetohmatsu，dtt)安達信(arthurandersen)(已倒閉)enron

acca(associationofcharteredcertificatedaccountants)aicpa(americaninstituteofcpa)

cicpa(chineseinstituteofcpa)practicingmembersnon-practicingmembersauditing審計，審計學auditinternal/externalauditingauditortheprimaryservicesofferedbycpaauditingincometaxservicesmanagementadvisory(consultancyorconsulting)servicesprivateaccountingmanagementaccountants管理會計師theinstituteofmanagementaccountants（美國管理會計師協(xié)會

，簡稱ima

）certifiedmanagementaccountant(美國注冊管理會計師，簡稱cma)controller總會計師，會計主管treasurer財務主管cfowhataretheresponsibilitiesofaccountantsattheprivatebusiness?theresponsibilitiesofaccountantsattheprivatebusinessrecordingtransactionsandpreparingfinancialstatementsdesignofaccountingsystemcostaccountinginternalcontrolandauditingaccountingforgovernmentsandnonprofitorganizationsaccountingethicaccountantshaveasignificantresponsibilitytothepublic.why?ethicsarebeliefsthatdistinguishrightfromwrong.theyareacceptedstandardsofgoodandbadbehavior.manyprofessionalorganizationhavecodesofethicsorprofessionalconductthatdirecttheactivitiesoftheirmembers.aicpa’scodeofprofessionalconductchinesecertifiedpublicaccountantscodeofprofessionalethicsquestions

1.whatisaccounting?2.whatarethethreetypesofaccountinginformation?3.what’sthedifferencebetweenaccountingandbookkeeping?4.howdoaccountantsperformtheirwork?questions5.definetheinternalandexternalusersofaccountinginformation.6.identifyatleastfivetypesofmanagerswhoareinternalusersofaccountinginformation.7.explainhowdoeseachgroupofinformationusersapplyaccountinginformation.questions8.whatarethethreebroadareasinthefieldsofaccounting?9.whataretheirdifference?10.whyareprofessionalethicscrucialinaccounting?11.whatarethethreeformsofbusinessorganizations?chapter2theoreticalframeworkunderliyingfinancialaccountinglearningobjectivesknowtheconceptualframeworkforfinancialreportingknowthequalitativecharacteristicsofaccountinginformationdescribetheelementsoffinancialstatementsunderstandthebasicassumptionsandthebasicprinciplesofaccounting

learntheaccountingtermsinthischapterandusetheminthetranslationtask.accountingtheorywhatdoesaccountingtheoryconsistof?wheredotheycomefrom?natureofatheoreticalframework

(conceptualframework)definitionofaconceptualframeworktheconceptualframeworkisacoherentsystemofinterrelatedobjectivesandfundamentalsthatisexpectedtoleadtoconsistentstandardsandthatprescribesthenature,function,andlimitsoffinancialaccountingandreporting.（sfacno.2）enhancetheunderstandabilityandcomparabilityoffinancialreportingsolvethenewandemergingpracticalproblemscontributetothedevelopmentandapplicationofaccountingstandards

rolesofaconceptualframework美國財務會計準則委員會(fasb)發(fā)布的系列概念公告是迄今為止最完整、最系統(tǒng)的概念框架研究成果。

financialaccountingstandardsboard(fasb，美國財務會計準則委員會)—aprivate,not-for-profitorganization.thefasbfollowsdueprocess（充分程序）rulesandseekspublicinputatvariouspointsingaapdevelopmentthrough“exposuredrafts”（征求意見稿

）.

securitiesandexchangecommission(sec，美國證券交易委員會)–thefederalagencythathasauthoritytodeterminegaapforpubliccompanieswhosestockistradedonstockexchange.inessence,thesechasacquiesced（默許）itsroletotoestablishgaaptothefasb.

currentstandardsetting–fasb

establishedin1973.supportedbythefinancialaccountingfoundation（財務會計基金

）.sevenfull-time,independentvotingmembersservingfor10years.membersnotrequiredtobecpas.statementoffinancialaccountingconcepts,sfac,財務會計概念公告statementoffinancialaccountingstandards,sfass,財務會計準則公告interpretationofthesfass,財務會計準則解釋美國財務會計概念公告一覽表sfacno.1objectivesoffinancialreportingbybusinessenterprisesfacno.2qualitativecharacteristicsofaccountinginformationsfacno.3elementsoffinancialstatementsofbusinessenterprise（被sfacno.6取代）sfacno.4objectivesoffinancialreportingbynonbusinessorganizationsfacno.5

recognitionandmeasurementinfinancialstatementofbusinessenterprisesfacno.6elementsoffinancialstatements（取代sfacno.3和部分修訂sfacno.62）sfacno.7usingcashflowinformationandpresentvalueinaccountingmeasurements（對sfacno.5第67段進行修訂）itisexpectedtoservethepublicinterestbyprovidingstructureanddirectiontofinancialaccountingandreportingtofacilitatetheprovisionofevenhandedfinancialandrelatedinformationthatisusefulinassistingcapitalandothermarketstofunctionefficientlyinallocatingscarceresourcesintheeconomy.internationalaccountingstandardsboard(iasb,國際會計準則理事會

)

formerisinternationalaccountingstandardscommittee(iasc,國際會計準則委員會)，

establishedin1973tonarrowtherangeofdifferencesinaccountingstandards.ias(internationalaccountingstandards)reorganizedintoiasbin2001.ifrs

(internationalfinancialreportingstandards)thenewiascstructure

ifrsfoundation(ifrs基金會)

iasbifricinternationalfinancialreportinginterpretationscommittee（國際財務報告解釋委員會）frameworkforthepreparationandpresentationoffinancialstatementsitwasapprovedbytheiascinapril1989forpublicationinjuly1989,andadoptedbytheiasbinapril2001.objectivesoffinancialreportingbuildingblocksfortheconceptualframeworkqualitativecharacteristicsofaccountinginformationandelementsoffinancialstatementsabridgebetweenthefirstlevelandthesecondlevelrecognitionandmeasurementconceptsrecognition確認measurement計量accountingassumptions會計假設accountingprinciples會計原則constraints制約因素structureofconceptualframeworkfirstlevel:basicobjectivessecondlevel:fundamentalconceptssecondlevel:fundamentalconceptsqualitativecharacteristicsofaccountinginformationfigure2-2inp16hierarchy等級制度pervasive普遍的threshold門檻、起點、開端criterion評判的標準、尺度relevancetobeuseful,informationmustberelevanttothedecision-makingneedsofusers.informationhasthequalityofrelevancewhenitinfluencestheeconomicdecisionsofusersbyhelpingthemevaluatepast,presentorfutureeventsorconfirming,orcorrecting,theirpastevaluations.elementsoffinancialstatements(sfacno.6)assetsassets這個詞表示資產(chǎn)時一定要用復數(shù)形式，即詞尾要有“s”。如果不用復數(shù)形式，就成為“寶物，天賦、技能”的意思。

liabilitiesequityrevenueexpensesgainslosseselementsoffinancialstatements(frameworkforthepreparationandpresentationoffinancialstatements,iasb)assetsliabilitiesequityincomeexpenses我國的企業(yè)會計準則——基本準則對會計要素的規(guī)定assetsliabilitiesowner’sequityrevenuesexpensesprofitthirdlevel:recognitionandmeasurementconceptsbasicassumptionsbasicprinciplesconstraintsbasicassumptionseacheconomicorganizationisanaccountingentityandmustbekeptseparateanddistinctfromitsowners,creditors,andotherentities.accountingentityassumption

thebusinesswillremaininoperationintheforeseeablefuture.

goingconcernassumptionalltransactionsshouldbemeasuredinmoneyform.itimpliesthestable-money-unitassumption.itmakestheinformationreliable&comparable.

moneyunitassumptionthelifeofbusinessshouldbedividedintoshortonesofequallength.itmakesiteasiertomakefinancialstatementsandsatisfiestheaccountinginformationusersneedofknowingthecurrentconditionsofthebusiness.

periodicityassumptionquestions:1.

()arethepreconditionsofidentifying,measuring,recordingandreportingeconomictransactions.2.()assumptionimpliesthelifeofbusinessshouldbedividedintoshortones.3.()assumesthebusinesswillcontinueforaquitelongtime.4.()limitstheeconomicdataintheaccountingsystemtodatarelateddirectlytotheactivitiesofthebusiness.5.()requiresthatmoneybeusedasthebasicmeasuringunit.infact,italsoimpliesthe()assumption.accrual–basisprincipleimpliesthatrevenueandexpensesarerecordedwhentheyoccursbutnotwhencashisreceivedorpaid.accrual–basis

principleallgoodsandservicespurchasedbyanenterprisearerecordedatacquisitioncostandappearonfinancialstatementatcost.historicalcostprinciplehistoricalcost歷史成本replacementcost重置成本netrealizablevalue可變現(xiàn)凈值currentvalue現(xiàn)值fairvalue公允價值accountingmeasurementbasesmainlycomprise:realizationprincipleundertherealizationprinciple,revenuesshouldberecognizedatthetimegoodsaresoldorservicesarerendered.matchingprincipleunderthematchingprinciple,revenueforaperiodismatchedwiththeexpensesincurredingeneratingtherevenue.fulldisclosureprinciplefinancialstatementsandtheiraccompanyingnotesshouldcontainallrelevantinformationareaderneedstounderstandthefinancialconditionandperformanceofabusiness.

cost–benefitrelationshipmaterialityconservatismconstraintscost–benefitrelationshipaccountantsshouldweighthebenefitderivedfromtheinformationagainstthecostofprovidingthatinformation.

thebenefitsshouldexceedthecosts.materialitytheword“materiality”referstotherelativeimportanceofanitem.accountantsshouldconsidertherelativeimportanceofanytransactions.conservatismaccountantsshouldbeconservativeinchoosingtheonethathastheleastfavorableimpactonnetincomewhentherearetwoormorealternativeaccountingmethods.

questions:1.()impliesaccountantsshouldbeconservativeinchoosingtheonethathastheleastfavorableimpactonnetincomewhentherearetwoormorealternativeaccountingmethods.2.under(),revenuesshouldberecognizedatthetimegoodsaresoldorservicesarerendered.

3.under(),whenthebusinessprovidesaservice,makesasale,orincursanexpense,theaccountantmustenteritintothejournal,whetherornotcashhasbeenreceivedorpaid.

4.()requiresfinancialstatementshouldofferadequateinformation.case

chinasecurityregulatorycommission(csrc)requiresthelistedcompaniesdisclosetheirannualreportswithin4monthsaftertheenddateofeachaccountingperiod.astudentmajorinaccounting,argued,“nowadays,timelinessisavitalcharacteristicofinformation.informationprovided4monthslaterisuselessbecausethesituationhavechangedgreatly.”doyouagreeornot?why?theaccountingregulationsysteminchinaaccountinglawnpcministryoffinanceaccountingstandardsforbusinessenterprisespecificstandardsbasicstandardenterpriseaccountingsystemapplyingguideofaccountingstandardsbasicstandardconceptsframeworkoffinancialaccounting(cf)function:conductformulatingspecificstandards我國的企業(yè)會計基本準則generalprovisions總則qualitativerequirementsofaccountinginformation會計信息質(zhì)量要求assets資產(chǎn)liabilities負債owner’sequity所有者權(quán)益revenues收入expenses費用profit利潤accountingmeasurement會計計量financialreports財務會計報告supplementaryprovision附則specificstandardsgenerallyaccepted

accountingprinciples(gaap)function:guidelinestogoverntheconductofaccountants

securitiesandexchangecommission(sec，美國證券交易委員會)–thefederalagencythathasauthoritytodeterminegaapforpubliccompanieswhosestockistradedonstockexchange.inessence,thesechasacquiesced（默許）itsroletotoestablishgaaptothefasb. financialaccountingstandardsboard(fasb，美國財務會計準則委員會)—aprivate,not-for-profitorganization.thefasbfollowsdueprocess（充分程序）rulesandseekspublicinputatvariouspointsingaapdevelopmentthrough“exposuredrafts”.earlystandardsettingevolutionofstandard-settingprocess1938-1959:committeeonaccountingprocedures(cap)會計程序委員會1959-1973:accountingprinciplesboard(apb)會計原則委員會accountingresearchbulletinsandopinions《會計研究公告與意見》currentstandardsetting–fasb

establishedin1973.supportedbythefinancialaccountingfoundation（財務會計基金

）.sevenfull-time,independentvotingmembersservingfor10years.membersnotrequiredtobecpas.statementoffinancialaccountingconcepts,sfac,財務會計概念公告statementoffinancialaccountingstandards,sfass,財務會計準則公告interpretationofthesfass,財務會計準則解釋fasb’sstandard-settingprocess

identificationofproblem.thetaskforce(專題研究組

).researchandanalysis.discussionmemorandum(討論備忘錄

).publicresponse.exposuredraft(征求意見稿

).publicresponse.statementissued.internationalaccountingstandardsboard(iasb,國際會計準則理事會

)

formerisinternationalaccountingstandardscommittee(iasc,國際會計準則委員會)，

establishedin1973tonarrowtherangeofdifferencesinaccountingstandards.ias(internationalaccountingstandards)reorganizedintoiasbin2001.ifrs

(internationalfinancialreportingstandards)thenewiascstructure

ifrsfoundation(ifrs基金會)

iasbifric（國際財務報告解釋委員會）questions

1.theaccountingelementsinclude(),(),(),(),()and().2.netincomeisthe()ofrevenueoverexpensesfortheaccountingperiod.3.whatexamplescanyoutellotherstudentstohelpthemunderstandwhatanaccountingentityis?game:haveaguesseachstudentshouldgiveanexampleofthequalitativecharacteristicsofaccountinginformation,basicassumptions,thebasicprinciplesorconstrainsofaccountingbutdon’tsaytheanswer.thentherestoftheclasscanguess.chapter3accountingcyclelearningobjectivesunderstandthedefinitionofaccountingcycle;haveageneralideaofthecompleteaccountingprocess;understandtherulesofdouble-entryaccounting;learntheaccountingtermsinthischapterandusetheminthetranslationtask.definitionofaccountingcyclethesequenceofaccountingproceduresusedtorecord,classify,andsummarizeaccountinginformationinfinancialreportsatregularintervalsandtheproceduresmustberepeatedinthesameorderduringeachaccountingperiod.keywords,phrasesandspecialtermsentry分錄makeanoraccountingentryclosingentry結(jié)賬分錄contraentry抵銷分錄adjustingentry調(diào)整分錄entryprice入賬價格entrydocument記賬憑證keywords,phrasesandspecialtermsjournalize登記日記賬

journal日記賬，序時賬journalentry日記賬分錄cashjournal現(xiàn)金日記賬post過賬ledgeraccounts分類賬account賬戶anaccountisarecordbasedontheitemsofaccountingelements,representinganincreaseoradecreaseandtheresultofthoseitems.trialbalance試算平衡表stepsof

theaccountingcycle1.analyzetransactions2.journalize3.post6.preparefinancialstatements5.close4.adjustsourcedocumentsjournalentryledgeraccountstrialbalanceincomestatement

accountsbalancesheetincomestatementetcunderstandhowdouble-entryaccountingworksthemechanicsofdouble-entryaccountingaresuchthateverytransactionisrecordedinthedebitsideofoneormoreaccountsandinthecreditsideofoneormoreaccountswithequaldebitsandcredits.double-entrybookkeeping(orsystem)single-entryaccountingmeansthateverytransactionisrecordedbyonlyoneentry.itdoesnotincludethecompleteresultsofeachtransaction.single-entrybookkeeping(orsystem)thedouble-entryaccountingdebit（dr.）n.借,借方,借記debitcard借記卡debitbalance借方余額

v.計入借方,借計debitanaccount計入借方賬credit（cr.）n.貸,貸方,貸記creditcard貸記卡credit貸方余額

v.計入貸方,貸計creditanaccount計入貸方賬historyofdouble-entryaccountingthedouble-entrysystemhasbeenusedincommerceforover500years.althoughlucapacioli,afifteenth-centurymonk,isoftengivencreditforhavingdevelopedthesysteminhis1494book,summadearithmetica,geometria,proportionietproportionalita,heactuallyonlydescribedanaccountingpracticethatwasalreadybeingusedincommerceinitaly.pacioli’struecontributiontomodernaccountingliesinthefactthathisbookwaswidelyreadthroughouttheitaliantradingempire,andsotheaccountingmethodhewroteaboutwasintroducedtomanywithinarelativelyshortperiodoftime.double-entryaccountingseemstobeapracticethatsimplyevolvedovertimeasthebestwayofkeepingtrackoffinancialactivity.ithasretainedthisstatusthroughmajorchangesineconomicactivityandtechnology.double-entryaccounting“double-entryaccountingisbasedonasimpleconcept:eachpartyinabusinesstransactionwillreceivesomethingandgivesomethinginreturn.inbookkeepingterms,whatisreceivedisadebitandwhatisgivenisacredit.thetaccountisarepresentationofascaleorbalance.”lucapaciolideveloperofdouble-entryaccountingscaleorbalancereceivedebitgivecredittaccountleftsidereceivedebitrightsidegivecreditaccountingequation

assets=liabilities+owner’sequityassets-liabilities=owner’sequitynetassets=

owner’sequity

rulesofdouble-entryaccounting1.eachtransactionaffectsatleasttwoaccounts.theseaccountscontainsatleastoneaccountdebitedandatleastoneaccountcredited.2.totaldebitsmustequaltotalcredits.t-accountt-account:asimplestformofanaccount,usedtohelpillustratetheeffectoftransaction.accountnamedebit(leftside)credit(rightside)rulesofdebits&creditsthetypeofaccountdeterminesthesideinwhichincreasesanddecreasesarerecorded.rulesofdebits&creditsactivity:pleaseexplainhowtorecordincreasesanddecreasesindifferenttypeofaccounts.increasesanddecreasesintheaccountsaccountingequation:assets=liabilities+owners’equityrulesofdebitandcredit:debit+debit–debit–credit–credit+credit+debitscreditsrevenueaccounts…… decrease(-) increase(+)expenseaccounts…… increase(+) decrease(-)incomestatementaccountsrecordtransactionsinthejournalwhatisajournal?itisarecordofeachbusinesstransactioninachronologicalorder.stepsofjournalizing:identifytransactionfromsourcedocuments.specifyaccountsaffected.applydebit/creditrules.recordtransactionwithdescription.verifythattotaldebitsequaltotalcreditsjournalformatp30:exhibit3-1journalclassificationgeneraljournaltorecordallkindsoftransactionsspecialjournaltorecordacertainkindoftransactionspostfromthejournaltotheledgerwhatisposting?postingistheprocessthatdebitsandcreditsaretransferredfromthejournaltotheledgeraccounts.intheprocess,eachamountinthedebitcolumnofthejournalispostedbyenteringitonthedebitsideofanledgeraccount,andeachamountinthecreditcolumnofthejournalispostedbyenteringitonthecreditsideofanledgeraccount.post.ref.journaldatedescriptiondebitcreditpage21234dec. 312005prepaidinsurance 240000cash 240000paidpremiumontwo-yearpolicy.dec.1 netsolutionspaidapremiumof$2,400foracomprehensiveinsurancepolicycoveringtwoyears.post.ref.journaldatedescriptiondebitcreditpage21234dec. 12005prepaidinsurance 240000cash 240000accountprepaidinsuranceaccountno.15balancedebitcreditdatedebitcredititempost.ref.240000240000dec. 12005paidpremiumontwo-yearpolicy.post.ref.journaldatedescriptiondebitcreditpage21234dec. 12005prepaidinsurance 240000cash 240000accountprepaidinsuranceaccountno.15balancedebitcreditdatedebitcredititempost.ref.240000240000dec. 12005215paidpremiumontwo-yearpolicy.post.ref.journaldatedescriptiondebitcreditpage21234dec. 12005prepaidinsurance 240000cash 240000paidpremiumontwo-yearpolicy.15accountcashaccountno.11balancedebitcreditdatedebitcredititempost.ref.200000590000nov. 3020052dec.1240000350000post.ref.journaldatedescriptiondebitcreditpage21234dec. 12005prepaidinsurance 240000cash 240000paidpremiumontwo-yearpolicy.15accountcashaccountno.11balancedebitcreditdatedebitcredititempost.ref.200000590000nov. 3020052240000350000dec.1112classificationofledgersledgersarecreatedonthebasisoftheitemoffinancialstatements.generalledgeraccountsitcontainsallofthebalancesheetandincomestatementaccounts.subsidiaryledgeraccountsarecordcreatedtorecordtheindividualitemsrelatingtoasinglegeneralledgeraccount.prepareatrialbalance

trialbalancewhatisatrialbalance?atwo-columnschedulelistingthenamesandbalancesofalltheaccountsintheorderinwhichtheyappearinthegeneralledger,thedebitbalancesarelistedintheleft-handcolumnandthecreditbalancesintheright-handcolumn.thetotalofthetwocolumnshouldagree.formatofatrialbalancenetsolutionstrialbalancedecember31,2005cash 206500 accountsreceivable 222000supplies 200000prepaidinsurance 240000land 2000000officeequipment 180000accountspayable 90000unearnedrent 36000chrisclark,capital 2500000chrisclark,drawing 400000feesearned 1634000wagesexpense 427500rentexpense 160000utilitiesexpense 98500suppliesexpense 80000miscellaneousexpense 45500 4260000 4260000netsolutionstrialbalancedecember31,2005cash 206500 accountsreceivable 222000supplies 200000prepaidinsurance 240000land 2000000officeequipment 180000accountspayable 90000unearnedrent 36000chrisclark,capital 2500000chrisclark,drawing 400000feesearned 1634000wagesexpense 427500rentexpense 160000utilitiesexpense 98500suppliesexpense 80000miscellaneousexpense 45500 4260000 4260000balancesheetitemsnetsolutionstrialbalancedecember31,2005cash 206500 accountsreceivable 222000supplies 200000prepaidinsurance 240000land 2000000officeequipment 180000accountspayable 90000unearnedrent 36000chrisclark,capital 2500000chrisclark,drawing 400000feesearned 1634000wagesexpense 427500rentexpense 160000utilitiesexpense 98500suppliesexpense 80000miscellaneousexpense 45500 4260000 4260000statementofowner’sequityitemnetsolutionstrialbalancedecember31,2005cash 206500 accountsreceivable 222000supplies 200000prepaidinsurance 240000land 2000000officeequipment 180000accountspayable 90000unearnedrent 36000chrisclark,capital 2500000chrisclark,drawing 400000feesearned 1634000wagesexpense 427500rentexpense 160000utilitiesexpense 98500suppliesexpense 80000miscellaneousexpense 45500 4260000 4260000incomestatementite