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1、认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Presented by Annie ChenThe Department of AccountingGDUFChapter 3Chapter 3The Accounting Cycle-Capturing Economic Events认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目This chapter demonstrates how accounting systems record economi
2、c events related to a variety of business transactions.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目The Role of Accounting RecordsEstablishes accountability for assets and transactions.Keeps track of routine business activities.Obtains detailed information about a particular transactio
3、n.Evaluates efficiency and performance within company.Maintains evidence of a companys business activities.P86认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目STILL REMEMBER?LEGDER ACCOUNTLEGDER ACCOUNTLEGDERLEGDERJOURNALJOURNALPOSTINGPOSTING认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经
4、展开了“精准扶贫”项目ABJOURNALJOURNALLEDGER LEDGER ACCOUNTACCOUNT认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目The Ledger Accountand The LedgerThe entire group of accounts is kept together in an accounting record called a ledger.Accounts are individual records showing increases and decreases.认识到了
5、贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Transactions are initially recorded in the journal rather than the ledger account.The journal records transactions in chronological(day by day)order.The ledger groups together all transactions that impact a particular account.认识到了贫困户贫困的根本原因，才能开始
6、对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目You can refer all these important terms to your textbook easily with the glossary after chapter.(Chapter 3 glossary:p113)认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Debit/Credit Skill TestsP117 Q4P118 BE3.4认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫
7、工作高度重视，已经展开了“精准扶贫”项目ASSETSASSETSDebit for IncreaseCredit for DecreaseEQUITIESEQUITIESDebit for DecreaseCredit for IncreaseLIABILITIESLIABILITIESDebit for DecreaseCredit for IncreaseDebits and credits affect accounts as follows:Debit and Credit RulesIn the double-entry accounting system,every transac
8、tion is recorded by equal dollar amounts of debits and credits.A =L +OE认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Lets record selected transactions for Overnight Auto Service in the accounts.Jan 20:Michael McBryan and family invested$80,000 in exchange for capital stock.Will Cash inc
9、rease or decrease?Will Capital Stock increase or decrease?Jan 20:Michael McBryan and family invested$80,000 in exchange for capital stock.Cash increases$80,000 with a debit.Capital Stock increases$80,000 with a credit.Representing Overnight,McBryan negotiated with both the City of Santa Teresa and M
10、etropolitan Transit Authority to purchase an abandoned bus garage.(The city owned the land but the MTA owned the building.)On January 21,Overnight Auto Service purchased the land from the city for$52,000 cash.Will Cash increase or decrease?Will Land increase or decrease?Representing Overnight,McBrya
11、n negotiated with both the City of Santa Teresa and Metropolitan Transit Authority to purchase an abandoned bus garage.(The city owned the land but the MTA owned the building.)On January 21,Overnight Auto Service purchased the land from the city for$52,000 cash.Cash decreases$2,500 with a credit.Lan
12、d increases$2,500 with a debit.Jan 22:Overnight completed the acquisition of its business location by purchasing the abandoned building from the MTA.The purchase price was$36,000;Overnight made a$6,000 cash down payment and issued a 90-day,non-interest-bearing note payable for the remaining$30,000.W
13、ill Building increase or decrease?Will Cash and Notes Payable increase or decrease?认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 22:Overnight completed the acquisition of its business location by purchasing the abandoned building from the MTA.The purchase price was$36,000;Overnight
14、 made a$6,000 cash down payment and issued a 90-day,non-interest-bearing note payable for the remaining$30,000.Building increases$36,000 with a debit.Cash decreases$6,000 with a credit.Notes Payable increases$30,000 with a credit.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 23:Ove
15、rnight purchased tools and equipment on account from Snappy Tools.The purchase price was$13,800,due in 60 days.Will Tools&Equipment increase or decrease?Will Accounts Payable increase or decrease?认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 23:Overnight purchased tools and equipme
16、nt on account from Snappy Tools.The purchase price was$13,800,due in 60 days.Tools&Equipment increases$13,800 with a debit.Accounts Payable increases$13,800 with a credit.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 24:Overnight sold the excess tools on account to Ace Towing at a
17、price of$1,800,a price equal to Overnights cost.Will Tools&Equipment increase or decrease?Will Accounts Receivable increase or decrease?认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 24:Overnight sold the excess tools on account to Ace Towing at a price of$1,800,a price equal to Ove
18、rnights cost.Tools&Equipment decreases$1,800 with a credit.Accounts Receivable increases$1,800 with a debit.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 26:Overnight received$600 in partial collection of the account receivable from Ace Towing.Will Cash increase or decrease?Will Ac
19、counts Receivable increase or decrease?认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 26:Overnight received$600 in partial collection of the account receivable from Ace Towing.Cash increases$600 with a debit.Accounts Receivable decreases$600 with a credit.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药
20、到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 27:Overnight made a$6,800 partial payment of its accounts payable to Snappy Tools.Will Cash increase or decrease?Will Accounts Payable increase or decrease?认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Jan 27:Overnight made a$6,800 partial payment o
21、f its accounts payable to Snappy Tools.Cash decreases$6,800 with a creditAccounts payable decreases$6,800 with a debit认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目In an actual accounting system,transactions are initially recorded in the journal.The Journal认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除
22、。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目 Posting involves copying information from the journal to the ledger accounts.Posting Journal Entries to the Ledger Accounts认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Posting Journal Entries to the Ledger Accounts认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高
23、度重视，已经展开了“精准扶贫”项目Posting Journal Entries to the Ledger Accounts认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Lets see what the cash account looks like after posting the cash portion of this transaction for Overnight Auto Service.Posting Journal Entries to the Ledger Accounts认识到了贫困户贫困的根本
24、原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目This ledger format is referred to as a running balance.Ledger Accounts After Posting认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Ledger Accounts After PostingT accounts are simplified versions of the ledger account that only show the debit
25、 and credit columns.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Net IncomeNet income an increase in owners equity from profits of the business.A =L +OEIncreaseDecreaseEither(or both)of these effects occur as net income is earned.Increase.but this is what“net income”really means.认识到了贫困
26、户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Retained EarningsA =L +OECapital StockRetained EarningsThe balance in the Retained Earnings account represents the total net income of the corporation over the entire lifetime of the business,less all amounts which have been distributed to the sto
27、ckholders as dividends.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Revenues and Expenses认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Revenues and ExpensesThe price for goods sold and services rendered during a given accounting period.Increases owners equity.The costs of
28、goods and services used up in the process of earning revenue.Decreases owners equity.REVENUESEXPENSES认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目The Realization Principle:When To Record RevenueRealization PrincipleRevenue should be recognized at the time goods are sold and services ar
29、e rendered.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Matching Principle:When To Record ExpensesMatching PrincipleExpenses should be recorded in the period in which they are used up.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目WHISTLE-BLOWINGWhistle Blower:One who revea
30、ls wrongdoing within an organization to the public or to those in positions of authority.认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目WHISTLE-BLOWINGFederal government of the United Statess whistleblower awareness poster认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目认识到了贫困户
31、贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目TIME 2019 PERSONS OF THE YEAR认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目Journalize transactions.Post entries to the ledger accounts.Prepare trial balance.Make end-of-year adjustments.Prepare adjusted trial balance.Prepare financial statements.Prepare after-closing trial balance.Journalize and post closing entries.The Accounting Cycle认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目End of Chapter 3Thank You!认识到了贫困户贫困的根本原因，才能开始对症下药，然后药到病除。近年来国家对扶贫工作高度重视，已经展开了“精准扶贫”项目谢谢！谢谢！45