Chapter_1Accounting_in_Business在交易里的的会1.doc

Chapter 1Accounting in Business在交易里的的会计1.Accounting（is a system）Identifies Records Communicates(that is information)RelevantReliable Comparable分辨 记录 交流 有关 可靠 可比2.External Users 外部交易者 Internal Users内部交易者 Managers Officers/Directors Internal Auditors Sales Staff Budget Officers Controllers Lenders Shareholders Governments Consumer Groups External Auditors Customers3. Accounting Equation会计恒等式Assets=Liabilities+ Equity 资产=负债+产权（Owner Capital - Owner Withdrawals + Revenues Expenses）. J. Scott invests $20,000 cash to start the business.(1) Cash (asset)(2) Owner Capital (equity)Purchased supplies paying $1,000 cash.(1) Cash (asset)(2) Supplies (asset)Purchased equipment for $15,000 cash. (1) Cash (asset) (2) Equipment (asset) Purchased Supplies of $200 and Equipment of $1,000 on account（1）Supplies (asset)(2) Equipment (asset)(3) Accounts Payable (liability)Borrowed $4,000 from 1st American Bank(1) Cash (asset) (2) Notes payable (liability)Provided consulting services receiving $3,000 cash.(1) Cash (asset) (2) Revenues (equity) Paid salaries of $800 to employees.(1) Cash (asset)(2) Salaries expense (equity)A withdrawal of $500 is made by the owner.( 1) Cash (asset)(2) Withdrawals (equity)4.四大财务报表1. Income Statement 损利表2. Statement of Owners Equity所有者权利表3. Balance Sheet 资产负债表4. Statement of Cash Flows现金流量表5.资产回报率Net incomeAverage total assetsReturn onassets=Chapter 2Chapter 3 Adjusting Accounts and Preparing Financial StatementsAdjusting Prepaid (Deferred) ExpensesPrepaid InsuranceOn December 1, 2007, Scott Company paid $12,000 for insurance for December 2007 through May 2008. Scott recorded the expenditure as Prepaid Insurance on December 1. 637128SuppliesDuring 2007, Scott Company purchased $15,500 of supplies. Scott recorded the expenditures as Supplies. On December 31, a count of the supplies indicated $2,655 on hand. 652126Adjusting for DepreciationOn January 1, 2007, Barton, Inc. purchased equipment for $62,000 cash. The equipment has an estimated useful life of five years and Barton expects to sell the equipment at the end of its life for $2,000 cash. Adjusting Unearned (Deferred) RevenuesOn October 1, 2007, Ox University sold 1,000 season tickets to its 20 home basketball games for $100 each. Ox University makes the following entry:On December 31, Ox University has played 10 of its regular home games, winning two and losing eight.Adjusting for Accrued RevenuesSmith & Jones, CPAs, had $31,200 of work completed