会计专业英语课件：Chap 5-2 Operating Cycle Cash,Receivables and Sales

1、 Chap 5 Operating Cycle: Cash, Receivables and SalesContents5.1 Cash, cash equivalents and liquidity5.2 Operating, investing and financing activities5.3 Internal control over cash5.4 The petty cash fund5.5 Reconciling the bank balance5.6 Credit sales and bad debts5.7 Promissory notes5.8 Converting r

2、eceivable into cash5.9 Cash, receivables, sales and the cash flow5.10 Using the information- accounts receivable turnover5.5 Reconciling the bank balanceCash Book 银行存款分类账（日记账）Check 支票Bank statement银行对账单EFT电子转账支付Bank reconciliation 银行存款余额调节表Bank Account Balance per Bank+ Deposits in Transit- Outstand

3、ing Checks Bank Errors= Correct Balance Balance per Book+ Bank Collection + EFT Receipts+ Interest Revenue- Service Charge - EFT Payment Book Errors= Correct Balance Bank Reconciliation企业已收，银行未收企业已付，银行未付银行已收，企业未收银行已付，企业未付- NSF ChecksContents5.1 Cash, cash equivalents and liquidity5.2 Operating, inve

4、sting and financing activities5.3 Internal control over cash5.4 The petty cash fund5.5 Reconciling the bank balance5.6 Credit sales and bad debts5.7 Promissory notes5.8 Converting receivable into cash5.9 Cash, receivables, sales and the cash flow5.10 Using the information- accounts receivable turnov

5、erP145 Example 5-2 Balance per Bank $1332+ Deposits in Transit+496- Outstanding Checks-703 Bank Errors= Correct Balance$1 125 Balance per Book$1 135+ Bank Collection + EFT Receipts+ Interest Revenue- Service Charge -19 - EFT Payment Book Errors +9= Correct Balance$1125 Bank Reconciliation- NSF Check

6、sP145 Example 5-2P145 Example 5-2Journal entries from bank reconciliationDr. Cash $9 Cr. Utilities Expense 9Dr. Service Charge $19 Cr. Cash 19P167 Problem 5-2checks No. 25 $1 000 No. 27 650 No. 30 100 No. 32 340 No. 14 1 600 NO. 22 3 200Outstanding checksBank #28 check $8 200 has Error Bank Error $5

7、 400 ( should be added to bank)shoud be deducted from bankP167 Problem 5-2NSF $4 000Service charge 120PMT 10 000Interest on bank loan 500should be deducted from bookP167 Problem 5-2Bank Deposit 04/30 $30 000 EFT receipt $30 000Company Deposit on April 30 $13 000 Deposit in Transit $13 000shoud be ad

8、ded to bankshoud be added to bookP167 Problem 5-2Journal entries from bank reconciliation1. Dr. Cash $30 000 Cr. Scott ODonnell, Capital 30 0002. Dr. Service charge $120 Notes Payable 10 000 Interest Expense 500 Service revenue 4 000 Cr. Cash 14 620 Balance per Bank+ Deposits in Transit- Outstanding Checks Bank Errors= Correct Balance Balance per Book+ Bank Colle