Completing-the-Accounting-Cycle[课件教学教程.ppt

单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,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,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.,Power Notes,Chapter,F4,Completing the Accounting Cycle,The Work Sheet,Trial Balance,AccountsDrCrDrCrDrCr,Adjustments,Adjusted TB,Prepared from general ledger.,Accounts are listed in order:A,L,OE,R,E,The Work Sheet,Adjustments are entered here.Two possibilities:,1.Deferrals Existing balances are changed.,2.Accruals New information is entered.,Trial Balance,AccountsDrCrDrCrDrCr,Adjustments,Adjusted TBThe Work Sheet,Adjustments are combined with the trial balance.,Account balances are now adjusted.,Trial Balance,AccountsDrCrDrCrDrCr,Adjustments,Adjusted TB,Trial Balance Adjustments,Adj.Trial Balance,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,AccountDebitCreditDebitCreditDebitCredit,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 25,00025,000,33 Dividends 4,000 4,000,41 Fees Earned 16,340 (e)50016,840,42 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 455 455,42,60042,600 2,260 2,26043,40043,400,Trial Balance Adjustments,Adj.Trial Balance,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock25,00025,000,33Dividends4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)12012051Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc.Expense455455,42,60042,600 2,2602,26043,40043,400,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock25,00025,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402040,56Insurance Expense0(b)100100,59Misc,.Expense455455,42,60042,600 2,2602,26043,40043,400,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc,.Expense455455,42,60042,600 2,2602,26043,40043,400,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc,.Expense455455,42,60032,600 2,2602,26043,40043,400,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc,.Expense455455,42,60042,600 2,2602,26043,40043,400,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land10,00010,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock 15,00015,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc,.Expense455455,32,60032,600 2,2602,26033,40033,400,NetSolutions,-Work Sheet-Two Months Ended 12/31/99,11Cash2,0652,065,12Accounts Receivable2,220(e)5002,720,14Supplies2,000(a)1,240760,15Prepaid Insurance2,400(b)1002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.0(f)5050,21Accounts Payable900900,22Wages Payable0(d)250250,23Unearned Rent360(c)120240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,340(e)50016,840,42Rent Revenue 0(c)120120,51Wages Expense4,275(d)2504,525,52Rent Expense1,6001,600,53Depreciation Expense0(f)5050,54Utilities Expense985985,55Supplies Expense800(a)1,2402,040,56Insurance Expense0(b)100100,59Misc,.Expense455455,42,60042,600 2,2602,26043,40043,400,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,11 Cash2,065,2,065,12 Accounts Receivable2,220 (e)500,2,720,14 Supplies2,000(a)1,240,760,15 Prepaid Insurance2,400 (b)100,2,300,17 Land20,000,20,000,18 Office Equipment1,800,1,800,19,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 25,00025,000,33 Dividends 4,000 4,000,41 Fees Earned16,340 (e)500 16,840,42 Rent Revenue 0 (c)120 120,51 Wages Expense4,275 (d)250 4,525,52 Rent Expense1,600 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 455 455,42,60042,600 2,260 2,26043,40043,400,Trial Balance Adjustments,Adj.Trial Balance,AccountDebitCreditDebitCreditDebitCredit,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Adj.Trial Balance Income Statement,Balance Sheet,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,7202,720,14Supplies760760,15Prepaid Insurance2,3002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.5050,21Accounts Payable900900,22Wages Payable250250,23Unearned Rent240240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,84016,840,42Rent Revenue 120120,51Wages Expense4,5254,525,52Rent Expense1,6001,600,53Depreciation Expense5050,54Utilities Expense985985,55Supplies Expense2,0402,040,56Insurance Expense100100,59Misc,.Expense455455,43,40043,400 9,75516,96033,64526,440,Net Income7,2057,205,16,96016,96033,64533,645,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Adj.Trial Balance Income Statement,Balance Sheet,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,7202,720,14Supplies760760,15Prepaid Insurance2,3002,300,17Land20,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.5050,21Accounts Payable900900,22Wages Payable250250,23Unearned Rent240240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,84016,840,42Rent Revenue 120120,51Wages Expense4,5254,525,52Rent Expense1,6001,600,53Depreciation Expense5050,54Utilities Expense985985,55Supplies Expense2,0402,040,56Insurance Expense100100,59Misc.Expense455455,43,40043,400 9,75516,96033,64526,440,Net Income7,2057,205,16,96016,96033,64533,645,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,Adj.Trial Balance Income Statement,Balance Sheet,AccountDebitCreditDebitCreditDebitCredit,11Cash2,0652,065,12Accounts Receivable2,7202,720,14Supplies760760,15Prepaid Insurance2,3002,300,17Land10,00020,000,18Office Equipment1,8001,800,19Accumulated Depr,.5050,21Accounts Payable900900,22Wages Payable250250,23Unearned Rent240240,31Capital Stock 25,00025,000,33Dividends 4,0004,000,41Fees Earned16,84016,840,42Rent Revenue 120120,51Wages Expense4,5254,525,52Rent Expense1,6001,600,53Depreciation Expense5050,54Utilities Expense985985,55Supplies Expense2,0402,040,56Insurance Expense100100,59Misc.Expense455455,43,40043,400 9,75516,96033,64526,440,Net Income7,2057,205,16,96016,96033,64533,645,NetSolutions,-Work Sheet-Two Months Ended 12/31/02,NetSolutions,Income StatementFor Two Months Ended December 31,2002,Fees earned$16,840,Rent revenue120Total revenues$16,960,Expenses:,Wages expense$4,525,Supplies expense2,040,Rent expense1,600,Utilities expense985,Insurance expense100,Depreciation expense50,Miscellaneous expense455,Total expenses9,755,Net income$7,205,NetSolutions,Retained Earnings StatementFor Two Months Ended December 31,2002,Net income for November and December$7,205,Less dividends4,000,Retained earnings,December 31,2002$3,205,NetSolutions,Balance SheetDecember 31,2002,ASSETS,Current assets:,Cash$2,065,Accounts receivable2,720,Supplies760,Prepaid insurance2,300,Total current assets$7,845,Property,plant,and equipment:,Land$20,000,Office equipment1,800,Less accum.depr,.(50)Total property,plant,and equipment 21,750,Total assets$29,595,NetSolutions,Balance SheetDecember 31,2002,LIABILITIES,Current liabilities:,Accounts payable$900,Wages payable 250,Unearned rent,240,Total liabilities$1,390,STOCKHOLDERS EQUITY,Capital stock$25,000,Retained earnings,3,205,Total stockholders equity,28,205,Total liabilities and,stockholders equity$29,595,Wages Expense,Bal.4,525,Rent Expense,Bal.1,600,Depreciation Expense,Bal.50,Utilities Expense,Bal.985,Supplies Expense,Bal.2,040,Insurance Expense,Bal.100,Miscellaneous Expense,Bal.455,Fees Earned,Bal.16,840,Rent Revenue,Bal.120,Retained Earnings,Bal.0,Dividends,Bal.4,000,Income Summary,Note:,The balances shown are adjusted balances before closing.The following sequence demonstrates the closing process.,The Closing Process,Wages Expense,Bal.4,525,Rent Expense,Bal.1,600,Depreciation Expense,Bal.50,Utilities Expense,Bal.985,Supplies Expense,Bal.2,040,Insurance Expense,Bal.100,Miscellaneous Expense,Bal.455,Fees Earned,Bal.16,840,Rent Revenue,Bal.120,16,840,120,Income Summary,16,960,Retained Earnings,Close Revenues,Bal.0,Dividends,Bal.4,000,Total,Revenues,The Closing Process,Wages Expense,Bal.4,525,Rent Expense,Bal.1,600,Depreciation Expense,Bal.50,Utilities Expense,Bal.985,Supplies Expense,Bal.2,040,Insurance Expense,Bal.100,Miscellaneous Expense,Bal.455,4,525,1,600,50,985,2,040,100,455,Fees Earned,Bal.16,840,Rent Revenue,Bal.120,16,840,120,Income Summary,16,960,9,755,Retained Earnings,Close Revenues,Bal.0,Dividends,Bal.4,000,Close Expenses,Total,Expenses,Total,Revenues,The Closing Process,Wages Expense,Bal.4,525,Rent Expense,Bal.1,600,Depreciation Expense,Bal.50,Utilities Expense,Bal.985,Supplies Expense,Bal.2,040,Insurance Expense,Bal.100,Miscellaneous Expense,Bal.455,4,525,1,600,50,985,2,040,100,455,Fees Earned,Bal.16,840,Rent Revenue,Bal.120,16,840,120,Income Summary,16,960,9,755,Retained Earnings,Close Revenues,Bal.0,Dividends,Bal.4,000Close Expenses,The Closing Process,7,205,7,205,Close Income Summary,Net Income,Closed,Wages Expense,Bal.4,525,Rent Expense,Bal.1,600,Depreciation Expense,Bal.50,Utilities Expense,Bal.985,Supplies Expense,Bal.2,040,Insurance Expense,Bal.100,Miscellaneous Expense,Bal.455,4,525,1,600,50,985,2,040,100,455,Fees Earned,Bal.16,840,Rent Revenue,Bal.120,16,840,120,Income Summary,16,960,9,755,Retained Earnings,Close Revenues,Bal.0,Dividends,Bal.4,000,Close Expenses,The Closing Process,7,205,7,205,Close Income Summary,Net Income,4,000,4,000,Close Dividends,Dividends,Closed,Closed,Wages Expense,Rent Expense,Depreciation Expense,Utilities Expense,Supplies Expense,Insurance Expense,Miscellaneous Expense,Fees Earned,Rent Revenue,Income Summary,Retained Earnings,Bal.0,Dividends,Net Income,Dividends,Bal.3,205,All temporary accounts now have zero balances and are ready for the next accounting period.,7,205,4,000,The Closing Process,NetSolutions,Post-Closing Trial Balance,December 31,2002,11Cash2,065,12Accounts Receivable2,720,14Supplies760,15Prepaid Insurance2,300,17Land20,000,18Office Equipment1,800,19Accum,.Depreciation50,21Accounts Payable900,22Wages Payable250,23Unearned Rent240,31Capital Stock25,000,32Retained Earnings3,205,29,64529,645,Assets,NetSolutions,Post-Closing Trial Balance,December 31,2002,11Cash2,065,12Accounts Receivable2,720,14Supplies760,15Prepaid Insurance2,300,17Land20,000,18Office Equipment1,800,19Accum,.Depreciation50,21Accounts Payable900,22Wages Payable250,23Unearned Rent240,31Capital Stock25,000,32Retained Earnings3,205,29,64529,645,Liabilities,NetSolutions,Post-Closing Trial Balance,December 31,2002,11Cash2,065,12Accounts Receivable2,720,14Supplies760,15Prepaid Insurance2,300,17Land20,000,18Office Equipment1,800,19Accum,.Depreciation50,21Accounts Payable900,22Wages Payable250,23Unearned Rent240,31Capital Stock25,000,32Retained Earnings3,205,29,64529,645,Stockholders,Equity,Manual Accounting Cycle,1.Transactions are analyzed,and recorded in journal.,Documents,Journal,Manual Accounting Cycle,1.Transactions are analyzed,and recorded in journal.,Documents,Jo