初级会计学（双语）

刘萍

目录

  • 1 第一章   Accountign in  Business 企业会计
    • 1.1 Importance of Accounting
    • 1.2 Fundamentals of Accounting
    • 1.3 Transactions Analysis and the Accounting Equation
    • 1.4 Finacial Statements
  • 2 第二章 Analysis and Recording 经济业务分析与记录
    • 2.1 Analyzing and recording process
    • 2.2 Analyzing and processingtransactions
    • 2.3 Trial balance
    • 2.4 Demonstration Problem
  • 3 第三章Adjusting Accounts and Preparing Financial Statements 账户调整与会计报表编制
    • 3.1 Timing and reporting
    • 3.2 Adjusting accounts
    • 3.3 Preparing financialstatements
    • 3.4 Demonstration Problem
  • 4 第四章Completing the Accounting Cycle 完整会计循环
    • 4.1 Work sheet as a tool
    • 4.2 Closing process
    • 4.3 Accounting cycles
    • 4.4 Classified balance sheet
    • 4.5 Demonstration Problem
  • 5 第五章Accounting for Merchandising Operations 主要经营活动会计
    • 5.1 Merchandising activities
    • 5.2 Accounting for merchandise purchases
    • 5.3 Accounting for merchandise sales
    • 5.4 Completing the accounting cycles
    • 5.5 Financial statement formats
    • 5.6 Demonstration Problem
  • 6 第六章Merchandise Inventories and Cost of goods Sold 存货与销售成本
    • 6.1 Inventory basis
    • 6.2 Inventory costing under aperpetual system
    • 6.3 Valuing inventory at LCM
    • 6.4 Demonstration Problem
  • 7 第七章Accounting Information Systems  会计信息系统
    • 7.1 Fundamental system principles
    • 7.2 Special journal in accounting
    • 7.3 Technology-based accountingsystem
    • 7.4 Demonstration Problem
  • 8 第八章Cash and Internal control  货币资金及其内部控制
    • 8.1 Internal control
    • 8.2 Control of cash
    • 8.3 Banking activities ascontrol
    • 8.4 Demonstration Problem
  • 9 第九章Receivables 应收款项
    • 9.1 Accounting receivables
    • 9.2 Notes receivables
    • 9.3 Disposal ofreceivables
    • 9.4 Demonstration Problem
  • 10 第十章Plant Assets, Natural Resources, and Intangibles 固定资产、自然资源与无形资产
    • 10.1 SECTION 1-PLANT ASSETS:Cost determination
    • 10.2 Depreciation
    • 10.3 Additional expenditures
    • 10.4 Disposal of plant assets
    • 10.5 SECTION 2-NATURAL RECOURCES
    • 10.6 SECTION 3-INTANGIBLESASSETS
  • 11 第十一章Current Liabilities and payroll accounting 流动负债和工资核算
    • 11.1 Characteristics of liabilities
    • 11.2 Known liabilities
    • 11.3 Estimated liabilities
    • 11.4 Contingent liabilities
  • 12 第十二章long-term liabilities 长期负债
    • 12.1 Basic of bonds
    • 12.2 Bonds issuance
    • 12.3 Bonds retirement
    • 12.4 Long-term bonds payable
  • 13 第十三章Investments and international operation 投资与国际经营
    • 13.1 Basics of investments
    • 13.2 Reporting of non-influentialinvestments
    • 13.3 Reporting ofinfluential investments
  • 14 第十四章Accounting for Corporations 公司会计
    • 14.1 Corporate form of organization
    • 14.2 Common stock
    • 14.3 Dividends
    • 14.4 Preferred stock
    • 14.5 Treasury stock
    • 14.6 Reporting of equity
Demonstration Problem
  • 1 DEMO
  • 2 SOLUTION

 

Bedrock Company completed these transactions during February of the current year:

Feb

1

Owner, F. Stone invested $100,000 cash in the business.

 

 

1

Sent Flint Company check No. 413 for a cash purchase of inventory $ 75,000.

 

 

2

Sold inventory costing $500 on credit to Dale Dent for $800, Invoice No. 711. (Terms of all credit sales are 2/10, n/60.)

 

 

3

Received inventory and an invoice dated January 30, terms 2/10, n/60, from Able Company, $1,750.

 

 

4

Sold inventory costing $850 on credit to Gary Glen for $1,250, Invoice No. 712.

 

 

5

Purchased on credit from Best Company inventory, $1,855; store supplies, $75; and office supplies, $35. Invoice dated February 4, terms n/10, EOM.

 

 

7

Borrowed $5,000 by giving First National Bank a promissory note payable.

 

 

9

Purchased office equipment on credit from More Company, invoice dated February 6, terms n/10, EOM, $625.

 

 

9

Sent Able Company Check No. 414 in payment of its January 30 invoice less the discount.

 

 

11

Sold inventory costing $1,000 on credit to Carl Cole for $ 1,650 Invoice No. 713.

 

 

12

Received payment from Dale Dent of the February 2 sale less the discount.

 

 

14

Received payment from Gary Glen of the February 4 sale less the discount.

14

 

 

14

Received inventory and an invoice dated February 11, terms 2/10, n/60, from Old Company, $1,985.

 

 

14

Issued Check No. 415, payable to Payroll, in payment of sales salaries for the first half of the month, $855. Cashed the check and paid the employees.

 

Feb.

14

Cash sales for the first half of the month, $18,460. Cost of this merchandise was $ 9,500.  (Normally, cash sales are recorded daily; they are recorded only twice in this problem to reduce the number of repetitive entries.)

 

 

14

Post to the customer and creditor accounts and also post any amounts that should be posted as individual amounts to the general ledger accounts. (Normally, such items are posted daily; but you are asked to post them only twice in this problem.)

 

 

16

Purchased inventory on credit from Best Company, $410; store supplies, $45; and office supplies, $30. Invoice dated February 12, terms n/10, EOM.

 

 

17

Received a credit memorandum from Old Company for unsatisfactory inventory received on February 14 and returned for credit, $85.

 

 

18

Received a credit memorandum from More Company for office equipment received on February 9 and returned for credit, $130.

 

 

21

Received payment from Carl Cole for the sale of February 11 less the discount.

 

 

21

Issued Check No. 416 to Old Company in payment of its invoice of February 11 less the return and the discount.

 

 

24

Sold inventory costing $475 on credit to Carl Cole for $835, Invoice No. 714.

 

 

26

Sold inventory costing $375 on credit to Gary Glen for $775, Invoice No. 715.

 

 

28

Issued Check No. 417, payable to Payroll, in payment of sales salaries for the last half of the month, $855. Cashed the check and paid the employees.

 

 

28

Cash sales for the last half of the month, $20,215.  Cost of this merchandise was $ 11,500.

 

 

28

Post to the customer and creditor accounts and post any amounts that should be posted as individual amounts to general ledger accounts.

 

 

28

Foot and crossfoot the journals and make the month-end postings.

 

Required:

1.           Open the following general ledger accounts: Cash, Accounts Receivable, Inventory, Store Supplies, Office Supplies, Office Equipment, Notes Payable, Accounts Payable, F. Stone, Capital, Sales, Sales Discounts, Cost of Goods Sold, and Sales Salaries Expense.

2.           Open the following accounts receivable ledger accounts: Carl Cole, Dale Dent, and Gary Glen.

3.           Open the following accounts payable ledger accounts: Able Company, Best Company, More Company, and Old Company.

4.           Enter the transactions in a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal similar to the ones illustrated in this chapter. Post when instructed to do so.

5.           Prepare a trial balance and prove the subsidiary ledgers by preparing schedules of accounts receivable and payable.