财务会计专业英语-(4)

©2009TheMcGraw-HillCompanies,Inc.,AllRightsReservedCOMPLETINGTHEACCOUNTINGCYCLEChapter4McGraw-Hill/IrwinSlide2McGraw-Hill/IrwinSlide2BENEFITSOFAWORKSHEETAidsthepreparationoffinancialstatements.Reducespossibilityoferrors.Linksaccountsandtheiradjustments.Assistsinplanningandorganizinganaudit.Helpsinpreparinginterimfinancialstatements.Showstheeffectsofproposedtransactions.Notarequiredreport.P1McGraw-Hill/IrwinSlide3McGraw-Hill/IrwinSlide3Dr.Cr.Dr.Cr.Dr.Cr.Cash4,350Accountsreceivable-Supplies9,720Prepaidinsurance2,400Equipment26,000Accum.depr.-Equip.-Accountspayable6,200Salariespayable-Unearnedconsultingrevenue3,000C.Taylor,Capital30,000C.Taylor,Withdrawals200Consultingrevenue5,800Rentalrevenue300Depr.expense-Salariesexpense1,400Insuranceexpense-Rentexpense1,000Suppliesexpense-Utilitiesexpense230Totals45,30045,300AdjustedTrialBalanceAdjustmentsUnadjustedTrialBalanceFastForwardWorkSheetForMonthEndedDecember31,2009First,entertheunadjustedamountstotheworksheet.P1McGraw-Hill/IrwinSlide4McGraw-Hill/IrwinSlide4Dr.Cr.Dr.Cr.Dr.Cr.Cash4,350Accountsreceivable-f1,800Supplies9,720b1,050Prepaidinsurance2,400a100Equipment26,000Accum.depr.-Equip.-c375Accountspayable6,200Salariespayable-e210Unearnedconsultingrevenue3,000d250C.Taylor,Capital30,000C.Taylor,Withdrawals200Consultingrevenue5,800d250f1,800Rentalrevenue300Depr.expense-c375Salariesexpense1,400e210Insuranceexpense-a100Rentexpense1,000Suppliesexpense-b1,050Utilitiesexpense230Totals45,30045,3003,7853,785AdjustedTrialBalanceAdjustmentsUnadjustedTrialBalanceNext,entertheadjustments.FastForwardWorkSheetForMonthEndedDecember31,2009P1McGraw-Hill/IrwinSlide5McGraw-Hill/IrwinSlide5Dr.Cr.Dr.Cr.Dr.Cr.Cash4,3504,350Accountsreceivable-f1,8001,800Supplies9,720b1,0508,670Prepaidinsurance2,400a1002,300Equipment26,00026,000Accum.depr.-Equip.-c375375Accountspayable6,2006,200Salariespayable-e210210Unearnedconsultingrevenue3,000d2502,750C.Taylor,Capital30,000-30,000C.Taylor,Withdrawals200200Consultingrevenue5,800d2507,850f1,800Rentalrevenue300300Depr.expense-c375375Salariesexpense1,400e2101,610Insuranceexpense-a100100Rentexpense1,0001,000Suppliesexpense-b1,0501,050Utilitiesexpense230230Totals45,30045,3003,7853,78547,68547,685AdjustedTrialBalanceAdjustmentsUnadjustedTrialBalancePrepareadjustedtrialbalance.FastForwardWorkSheetForMonthEndedDecember31,2009McGraw-Hill/IrwinSlide6McGraw-Hill/IrwinSlide6FastForwardWorkSheetForMonthEndedDecember31,2007Sortadjustedtrialbalanceamountstofinancialstatements.Dr.Cr.Dr.Cr.Dr.Cr.Cash4,3504,350Accountsreceivable1,8001,800Supplies8,6708,670Prepaidinsurance2,3002,300Equipment26,00026,000Accum.depr.-Equip.375375Accountspayable6,2006,200Salariespayable210210Unearnedconsultingrevenue2,7502,750C.Taylor,Capital30,00030,000C.Taylor,Withdrawals200200Consultingrevenue7,8507,850Rentalrevenue300300Depr.expense375375Salariesexpense1,6101,610Insuranceexpense100100Rentexpense1,0001,000Suppliesexpense1,0501,050Utilitiesexpense230230Totals47,68547,6854,3658,15043,32039,535BalanceSheet&StatementofEquityStatementAdjustedTrialBalanceIncomeP1McGraw-Hill/IrwinSlide7McGraw-Hill/IrwinSlide7Dr.Cr.Dr.Cr.Dr.Cr.Cash4,3504,350Accountsreceivable1,8001,800Supplies8,6708,670Prepaidinsurance2,3002,300Equipment26,00026,000Accum.depr.-Equip.375375Accountspayable6,2006,200Salariespayable210210Unearnedconsultingrevenue2,7502,750C.Taylor,Capital30,00030,000C.Taylor,Withdrawals200200Consultingrevenue7,8507,850Rentalrevenue300300Depr.expense375375Salariesexpense1,6101,610Insuranceexpense100100Rentexpense1,0001,000Suppliesexpense1,0501,050Utilitiesexpense230230Totals47,68547,6854,3658,15043,32039,535Netincome3,7853,7858,1508,15043,32043,320BalanceSheet&StatementofEquityStatementAdjustedTrialBalanceIncomeFastForwardWorkSheetForMonthEndedDecember31,2007Totalstatementcolumns,computeincomeorloss,andbalancecolumns.P1McGraw-Hill/IrwinSlide8McGraw-Hill/IrwinSlide8FastForwardIncomeStatementFortheMonthEndedDecember31,2009Revenues:Consultingrevenue7,850$Rentalrevenue300Totalrevenues8,150Operatingexpenses:Depr.expense-Equip.375$Salariesexpense1,610Insuranceexpense100Rentexpense1,000Suppliesexpense1,050Utilitiesexpense230Totalexpenses4,365Netincome3,785$PreparetheIncomeStatement.PREPARETHEFINANCIALSTATEMENTSAworksheetdoesnotsubstituteforfinancialstatements.P1McGraw-Hill/IrwinSlide9McGraw-Hill/IrwinSlide9PreparetheStatementofOwner’sEquity.FastForwardIncomeStatementFortheMonthEndedDecember31,2009Revenues:Consultingrevenue7,850$Rentalrevenue300Totalrevenues8,150Operatingexpenses:Depr.expense-Equip.375$Salariesexpense1,610Insuranceexpense100Rentexpense1,000Suppliesexpense1,050Utilitiesexpense230Totalexpenses4,365Netincome3,785$FastForwardStatementofOwner'sEquityFortheMonthEndedDecember31,2009C.Taylor,Capital12/1/09$-0-Investmentbyowner30,000Add:Netincome3,785$33,785Total33,785Less:Withdrawalbyowner200C.Taylor,Capital12/31/0933,585$P1McGraw-Hill/IrwinSlide10McGraw-Hill/IrwinSlide10FastForwardBalanceSheetDecember31,2009AssetsCash4,350$Accountsreceivable1,800Supplies8,670Prepaidinsurance2,300Equipment26,000$Less