FinAcctg7SMCh02Word文档下载推荐.docx
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FinAcctg7SMCh02Word文档下载推荐.docx
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Borrowedmoneyfromthebank.
22
AccountsReceivable……………….
9,000
ServiceRevenue………………….
Performedserviceonaccount.
28
6,000
AccountsReceivable…………….
Receivedcashonaccount.
29
UtilitiesExpense…………………….
600
AccountsPayable………………..
Receivedutilitybill.
31
SalaryExpense………………………
3,000
Cash…………………………………
Paidsalaryexpense.
(10-15min.)S2-6
Req.1
Supplies………………………………..
5,000
AccountsPayable…………………
Purchasedsuppliesonaccount.
AccountsPayable……………………
Paidcashonaccount.
Req.2
AccountsPayable
2,000
Req.3
Thebusinessowes$2,000,asshownintheAccountsPayableaccount.
(10-15min.)S2-7
AccountsReceivable………………..
ServiceRevenue…………………..
Cash…………………………………….
2,500
AccountsReceivable……………..
Cash
AccountsReceivable
ServiceRevenue
1,500
(10min.)S2-8
OldNavy
TrialBalance
December31,20X8
ACCOUNT
Millions
Cash……………………….…...
$8
Otherassets…………………..
9
Accountspayable……………
$1
Otherliabilities……………….
2
Stockholders’equity………..
Revenues……………………...
36
Expenses……………………...
24
___
Total……………………….……
$41
OldNavy’snetincome:
$12million($36−$24)
(10min.)S2-9
1.Totalassets=$95,000($6,000+$13,000+$4,000+
$22,000+$50,000)
2.Totalliabilities=$39,000($19,000+$20,000)
3.Netincome=$38,000($70,000−$21,000−$10,000−$1,000)
(10min.)S2-10
1.Totaldebits=$82,000($127,000+$5,000−$50,000)
Totalcredits=$127,000
Difference=$45,000($127,000−$82,000)
$45,000/9=$5,000(aninteger),whichsuggestseithera
transpositionoraslide.
2.Totaldebits=$145,000($127,000+$31,000−$13,000)
Difference=$18,000($145,000−$127,000)
$18,000/9=$2,000(aninteger),whichsuggestseitheratranspositionoraslide.
3.Totaldebits=$114,000($127,000−$13,000)
Totalcredits=$140,000($127,000+$13,000)
Difference=$26,000($140,000−$114,000)
$26,000/2=$13,000(originalamountofaccountsreceivable).
(10min.)S2-11
H
1.Debit
A.
Thecostofoperatinga
business;
decreasein
A
2.Expense
stockholders’equity
C
3.Netincome
B.
Alwaysaliability
D
4.Ledger
C.
Revenues–Expenses
J
5.Posting
D.
Groupingofaccounts
I
6.Normalbalance
E.
Assets–Liabilities
B
7.Payable
F.
Recordoftransactions
F
8.Journal
G.
Alwaysanasset
G
9.Receivable
H.
Leftsideofanaccount
E
10.Owners’equity
I.
Sideofanaccountwhere
increasesarerecorded
J.
Copyingdatafromthe
journaltotheledger
(5min.)S2-12
ComputerEquipment
100,000
60,000
CommonStock
Totaldebits=$160,000($100,000+$60,000)
Totalcredits=$160,000($60,000+$100,000)
Exercises
(10-15min.)E2-13
TO:
HomeOffice
FROM:
StoreManager
Duringthefirstweek,Iusedthestore’sbeginningcashtopurchaseequipmentandsupplies.Isignedanotepayabletobuylandandabuilding.Afterallthesetransactions,thestore’sbalancesheetappearsasfollows:
J.Crew
St.LouisStore
BalanceSheet
Date
ASSETS
LIABILITIES
$30,000*
Notepayable
Supplies
10,000
($90,000+$120,000)$210,000
Equipment
Land
90,000
STOCKHOLDERS’EQUITY
Building
120,000
Commonstock
Totalliabilitiesand
________
Totalassets
$310,000
stockholders’equity$310,000
_____
*
30,000
(5-10min.)E2-14
a.Purchaseofassetforcash
Saleofassetforcash
Collectionofanaccountreceivable
b.Paymentofdividendstoowners
Expensetransaction
c.Payaliability
d.Issuanceofstock
Revenuetransaction
e.Purchaseofassetonaccount
Borrowmoney
(Answersmayvary.)
(10-15min.)E2-15
a.Noeffectontotalassets.Increaseincashoffsetsthedecreaseinaccountsreceivable.
b.Noeffect(apersonaltransaction)
c.Noeffectontotalassets.Increaseincashoffsetsthedecreaseinland.
d.Increasedassets(cash)
e.Noeffectontotalassets.Increaseinlandoffsetsthedecreaseincash.
f.Increasedassets(cash)
g.Decreasedassets(cash)
h.Increasedassets(equipment)
i.Increasedassets(merchandiseinventory)
j.Decreasedassets(cash)
(10-20min.)E2-16
AnalysisofTransactions
ASSETS=
LIABILITIES+STOCKHOLDERS’EQUITY
Cash+
Accounts
Receivable+
Medical
Supplies+
Land=
Accounts
Payable+
Note
Payable+
Common
Stock+
Retained
Earnings
TypeofStockholders’
EquityTransaction
Aug.6
50,000
Issuedstock
(30,000)
12
Notatransactionofthebusiness.
15-31
8,000
Servicerevenue
(1,400)
(1,400)
Salaryexpense
(1,000)
(1,000)
Rentexpense
(300)
(300)
Utilitiesexpense
500
(500)
10,000
30,800
1,000
5,300
66,30066,300
(continued)E2-16
a.$66,300
b.$4,000
c.$11,000($1,000+$10,000)
d.$55,300($66,300−$11,000,or$50,000+$5,300)
e.$5,300(Revenue,$8,000minustotalexpensesof$2,700,equalsnetincome,$5,300.)
(10-15min.)E2-17
Aug.
6
Cash………………………………………..
50,000
CommonStock……………………….
Issuedstocktoowner.
9
Land………………………………………...
Cash…………………………………….
Purchasedland.
MedicalSupplies…………………………
AccountsPayable……………………
AccountsReceivable……………………
ServiceRevenue……………………...
8,000
Performedserviceforcashandonaccount.
SalaryExpense…………………………..
1,400
RentExpense……………………………..
1,000
UtilitiesExpense…………………………
300
2,700
Paidexpenses.
MedicalSupplies……………………..
Soldsupplies.
NotePayable…………………………..
Borrowedmoney.
AccountsPayable……………………….
Paidonaccount.
(10-20min.)E2-18
Apr.
1
Cash……………………………………………
CommonStock…………………………...
Issuedcommonstocktoowner.
2
OfficeSupplies………………………………
800
AccountsPayable………………………..
Purchasedofficesuppliesonaccount.
4
Land……………………………………………
20,000
Cash………………………………………..
Paidcashforland.
ServiceRevenue…………………………
Performedservicesforcash.
AccountsPayable…………………………...
100
17
AccountsReceivable……………………….
1,200
23
900
AccountsReceivable……………………
30
SalaryExpense………………………………
RentExpense………………………………...
Paidcashexpenses.
(20-30min.)E2-19
Apr.1
Apr.4
Apr.17
Apr.23
6
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