《银行会计学》（英文版） Chapter F4 Completing the Accounting Cycle

Chapter F4 Power notes Completing the Accounting Cycle Learning Objectives 1. Work sheet 2 Financial statements 3. Adjusting and closing entries 4. Accounting Cycle 5. Fiscal Year 6. Financial Analysis and Interpretation C4

Learning Objectives Power Notes Completing the Accounting Cycle 1. Work Sheet 2. Financial Statements 3. Adjusting and Closing Entries 4. Accounting Cycle 5. Fiscal Year 6. Financial Analysis and Interpretation Chapter F4 C4

Chapter F4 Power notes Completing the Accounting Cycle Slide if Power Note Topics 3· The Work sheet 18. Financial Statements 22. The Closing Process 28. Post-Closing Trial Balance 31· Accounting Cycles 43. Working Capital and Current ratio Note: To select a topic, type the slide and press Enter

• The Work Sheet • Financial Statements • The Closing Process • Post-Closing Trial Balance • Accounting Cycles • Working Capital and Current Ratio Slide # Power Note Topics 3 18 22 28 31 43 Note: To select a topic, type the slide # and press Enter. Chapter F4 Power Notes Completing the Accounting Cycle

The Work Sheet Trial Balance Adjustments Adjusted TB Accounts DrCr Dr Cr Dr Cr Prepared from general ledger. Accounts are listed in order: A.L. OER. E

The Work Sheet Trial Balance Accounts Dr Cr Dr Cr Dr Cr Adjustments Adjusted TB Prepared from general ledger. Accounts are listed in order: A, L, OE, R, E

The Work Sheet Trial Balance Adjustments Adjusted TB Accounts DrCr Dr Cr Dr Cr Adjustments are entered here. Two possibilities 1. Deferrals - Existing balances are changed 2. Accruals- New information is entered

The Work Sheet Adjustments are entered here. Two possibilities: 1. Deferrals – Existing balances are changed. 2. Accruals – New information is entered. Trial Balance Accounts Dr Cr Dr Cr Dr Cr Adjustments Adjusted TB

The Work sheet Trial Balance Adjustments Adjusted TB ccounts Dr Cr Dr Cr Dr Cr Adjustments are combined with the trial balance Account balances are now adjusted

The Work Sheet Adjustments are combined with the trial balance. Account balances are now adjusted. Trial Balance Accounts Dr Cr Dr Cr Dr Cr Adjustments Adjusted TB

Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit 1 Cash 2.065 2,065 2 Accounts receivable 2.220 (e)500 2,720 14 Supplies 2,0 a)1,240 760 15 Prepaid Insurance 2,400 (b)1002:00 17 Land 20,000 20,000 18 Office Equipment 1800 1.800 19 Accumulated Depr. 0 (f50 50 21 Accounts Payable 900 900 22 Wages Payable 0 d)250 250 23 Unearned rent 360(c)120 240 31 Capital Stock 25,00 25,000 33 Dividends 4,000 4000 41 Fees earned 16.340 (e)500 16840 42 Rent revenue 0 (c)120 120 51 Wages Expense 4,275 (d)250 4.525 53 Depreciation Expense/1, 600 52 Rent Expense 1,600 0 _(n50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a)1,240 2.040 56 Insurance Expense 0 (b)100 100 59 Misc. Expense 455 455 4260042600226022604340043400

Trial Balance Adjustments Adj. Trial Balance NetSolutions - Work Sheet - Two Months Ended 12/31/02 Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12 Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15 Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19 Accumulated Depr. 0 (f) 50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53 Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56 Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400

Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 aCcounts Receivable e)500 14 Supplies 2,000 a)1,240 60 15 Prepaid Insurance 2400 ()1002,300 Land 20,000 20000 18 office Equipment 1800 1800 19Accumulated Depr (f50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d)250 250 23 Unearned rent 360(c)120 240 31 Capital Stock 25,000 25000 33 Dividends 4,000 4,000 41 Fees earned 16.340 (e)500 16840 42 Rent revenue 0 (c)120 120 51 Wages Expense (d)250 4,525 52 Rent Expense 1,600 1.600 53Depreciation Expense 0 (f)50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 a)1,240 2.040 56Insurance Expense 0 (b)100 100 59 MiSc. Expense 455 455 4260042600226022604340043400

Trial Balance Adjustments Adj. Trial Balance NetSolutions - Work Sheet - Two Months Ended 12/31/02 Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400

Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 2Accounts Receivable 2,220 (e)500 2,720 Supplies 000 a1240 760 15Prepaid Insurance 2,400 b100 Land 20,000 20.000 18 office Equipment 1800 1800 19Accumulated Depr (f50 50 21 Accounts Payable 900 900 22 Wages Payable 0 (d)250 250 23 Unearned rent 360(c)120 240 31 Capital Stock 25,000 25000 33 Dividends 4,000 4,000 41 Fees earned 16.340 (e)500 16840 42 Rent revenue 0 (c)120 120 51 Wages Expense (d)250 4,525 52 Rent Expense 1,600 1.600 53Depreciation Expense 0 (f)50 54 Utilities Expense 985 985 55 Supplies Expense 800 a)1240 2.040 56Insuran ce Expense 0 b)100 100 59 Misc. Expense 455 455 42,60042,6002,26022604340043400

Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit NetSolutions - Work Sheet - Two Months Ended 12/31/02 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400

Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 2Accounts Receivable2, 220 (e)500 720 4 Supplies 2,000 a)1,240760 15 Prepaid Insurance 2,400 (b)1002300 Land 20.000 20000 18 office Equipment 1800 1800 19Accumulated Depr (f50 50 21 Accounts Payable 900 900 22 Wages Payable 0 d)250 250 23 Unearned Rent 360 c)120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 51 Wages Expense 4,275 0 o 41 Fees earned 16.34 (e)50016840 42 Rent revenue c)120 120 T(d)250 4,525 52 Rent Expense 1,600 1.600 53Depreciation Expense 0 (n50 54 Utilities Expense 985 985 55 Supplies Expense 800 1,240 2.040 56nsurance Expense 0 b)100 100 59 MiSc. Expense 455 455 4260042600226022604340043400

Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 42,600 2,260 2,260 43,400 43,400 NetSolutions - Work Sheet - Two Months Ended 12/31/02

Netsolutions- Work sheet -Two Months Ended 12/31/02 Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit CreditDebitCredit Cash 2.065 2.065 2Accounts Receivable2, 220 (e)500 2,720 4 Supplies 2,000 a)1,240760 15 Prepaid Insurance 2,400 (b)1002300 Land 20.000 20000 18 office Equipment 1800 1800 19Accumulated Depr (f50 50 21Accounts Payable 900 900 Wages Payable 0 d)250 250 23 Unearned rent 360(c)120 240 31 Capital Stock 25,000 25000 33 Dividends 4,000 4,000 41 Fees earned 16,340 (e)500 16840 42 Rent revenue 0 c)120 120 51 Wages Expense 4,275 (d)250 4,525 52 Rent Expense 1600 1600 53Depreciation Expense 0 (n50 54 Utilities Expense 985 985 55 Supplies Expense 800 1,240 2.040 56nsurance Expense 0 b)100 100 59 MiSc. Expense 455 455 4260032600226022604340043400

Trial Balance Adjustments Adj. Trial Balance Account Debit Credit Debit Credit Debit Credit 11 Cash 2,065 2,065 12Accounts Receivable 2,220 (e) 500 2,720 14 Supplies 2,000 (a) 1,240 760 15Prepaid Insurance 2,400 (b) 100 2,300 17 Land 20,000 20,000 18 Office Equipment 1,800 1,800 19Accumulated Depr. 0 (f) 50 50 21Accounts Payable 900 900 22 Wages Payable 0 (d) 250 250 23 Unearned Rent 360 (c) 120 240 31 Capital Stock 25,000 25,000 33 Dividends 4,000 4,000 41 Fees Earned 16,340 (e) 500 16,840 42 Rent Revenue 0 (c) 120 120 51 Wages Expense 4,275 (d) 250 4,525 52 Rent Expense 1,600 1,600 53Depreciation Expense 0 (f) 50 50 54 Utilities Expense 985 985 55 Supplies Expense 800 (a) 1,240 2,040 56Insurance Expense 0 (b) 100 100 59 Misc. Expense 455 455 42,600 32,600 2,260 2,260 43,400 43,400 NetSolutions - Work Sheet - Two Months Ended 12/31/02