财务英语会计分录.doc

筹建阶段Get investmentProprietorship and Partnership Dr Cash Cr XXXs capitalCompanyDr Cash Cr Common stock/Preferred stock (face value)Additional paid-in capitalBuy office furniture/equipment/office suppliesDr Furniture/Supplies/Equipment Cr cashFor merchandise business, purchase merchandiseDr Purchases Cr CashFor manufacturing business, purchase materialDr Material inventory Cr Cash运营阶段主要活动For service business, provide serviceDr Cash Cr Fees earned/Fees incomeFor merchandise business, send merchandise to customerDr Cash Cr Sales/Sales revenueDr Cost of goods sold Cr InventoryFor manufacturing business, from production to sellingDr Work in process inventory Cr Material inventoryDr Work in process inventory Cr Wages payableDr Work in process inventory Cr Overhead costDr Finished goods inventory Cr Work in process inventoryDr Cash Cr Sales/Sales revenueDr Cost of goods sold Cr Finished goods inventory日常活动一、Receivables1. SalesSales on account/credit; receive from the client a promise of pay service/merchandise/productDr Accounts receivable Cr fees income/sales revenueCustomer issue a note to replace the debt Dr Notes receivable Cr Accounts receivable2. Account for bad debtsAccountant recognize that there is XXX accounts receivable cannot be collected(direct write off )Dr Bad debt expense Cr Accounts receivableAccountant estimate x% of accounts receivable cannot be collected every period(allowance method)Dr Bad debt expense Cr Allowance for bad debtAs the actual loss of XXX is recognizedDr Allowance for bad debt Cr Accounts receivable3. On the maturity date of notesDr Cash Cr Notes receivable Interest income二、Fixed assets1. Accounting for depreciation(straight-line method, unit of production)Dr Depreciation expense Cr Accumulated depreciation2. Accounting for repairsOrdinary expenditureDr Repairs and Maintenance expense Cr CashCapital expenditureDr XXX(asset title) Cr Cash3. Accounting for impairmentDr Impairment loss Dr Accumulated impairment loss4. Sale of used fixed assetBook value= Original cost-accumulated depreciation-accumulated impairment lossSelling pricebook value, lossDr Cash Accumulated depreciation Accumulated impairment lossLoss on sale of XXXX Cr XXXSelling pricebook value, gainDr Cash Accumulated depreciation Accumulated impairment lossCr XXX Gain on sale of XXX三、Intangible assetAmortizationDr Amortization expense Cr XXX (asset title)四、Bonds payable1. Issue bondOn face valueDr Cash Cr bonds payableAt a discountDr Cash Discount on bond Cr bonds payableAt a premiumDr Cash Cr bonds payable Premium on bond2. Account for interestOn face valueDr Bond interest expense Cr Cash/interest payableAt a discountDr Bond interest expense Cr cashDiscount on bondAt a premiumDr Bond interest expense Premium on bond Cr Cash五、Equity ,disburse income1. Proprietorship and partnership Dr Income summary Cr XXXs capital 2. CompanyDr Income summaryCr retained earnings Dr Dividends, Common stock/preferred stock Cr cash/dividend payable六、Other expense and payableDr Advertising expense Cr Advertising payableDr Wages expense Cr Wages payableDr Utilities expenseCr Utilit