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1、 Word 资料 每位同学不每位同学不仅仅要参与本要参与本组组作作业业的完成 也要的完成 也要认认真真阅读阅读其他其他组组的作的作业题业题目 便于上目 便于上课课交流和交流和讨论讨论 每每组汇报时间为组汇报时间为 20 30 分分钟钟 包括 包括组员组员本人的英文自我介本人的英文自我介绍绍 1 分分钟钟 题题目介目介绍绍 答案与解 答案与解释释 10 15 分分钟钟 需制 需制 作作 PPT 交流 交流讨论讨论 5 10 分分钟钟 Exercise Assignments Class 1 Chapter 1 ACCOUNTING IN BUSINESS Group 1 Q1 Graham Ro
2、ofing Company owned by R Graham began operations in May and completed the following transactions during that first month of operations Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns in the table below Do
3、 not determine new account balances after each transaction Determine the final total for each account and verify that the equation is in balance May 1R Graham invested 90 000 cash in the company 2The company purchased 25 000 in office equipment It paid 10 000 in cash and signed a note payable promis
4、ing to pay the 15 000 over the next three years 2The company rented office space and paid 3 000 for the May rent 6The company installed a new roof for a customer and immediately collected 5 000 7The company paid a supplier 2 000 for roofing materials used on the May 6 job 8The company purchased a 2
5、500 copy machine for office use on credit 9The company completed work for additional customers on credit in the amount of 16 000 Word 资料 15The company paid its employees salaries 2 300 for the first half of the month 17The company installed a new roof for a customer and immediately collected 2 400 2
6、0The company received 10 000 in payments from the customers billed on May 9 28The company paid 1 500 on the copy machine purchased on May 8 It will pay the remaining balance in June 31The company paid its employees salaries 2 400 for the second half of the month 31The company paid a supplier 5 300 f
7、or roofing materials used on the remaining jobs completed during May 31The company paid 450 for this month s utility bill GRAHAM ROOFING CO Assets Liabilities Equity DateAccountsAccountsNotesR GrahamR Graham MayCashReceivableEquipmentPayablePayableCapitalWithdrawalsRevenuesExpenses 1 2 2 6 7 8 9 15
8、17 20 28 31 Word 资料 31 31 Q2 Identify and describe the four basic financial statements Word 资料 Chapter 2 ANALYZING AND RECORDING TRANSACTIONS Group 2 Q1 Identify each of the following accounts as a revenue R expense E asset A liability L or equity OE by placing initials R E A L or OE in the blanks 1
9、 Salary Expense 2 Cash 3 Equipment 4 Owner Capital 5 Fees Revenue 6 Accounts Receivable 7 Accounts Payable 8 Owner Withdrawals 9 Supplies 10 Unearned Fee Revenue 11 Prepaid Insurance 12 Office Furniture Q2 Vicki Lake is a computer consultant Shown below are a several accounts in her ledger with each
10、 account preceded by an identification number and b several transactions completed by Lake Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction 1 Accounts Payable 7 Telephone Expense 2 Account
11、s Receivable 8 Unearned Consulting Fees 3 Cash9 Vicki Lake Capital 4 Consulting Fees Earned 10 Vicki Lake Withdrawals 5 Office Supplies11 Insurance Expense 6 Office Supplies Expense12 Prepaid Insurance DebitCredit Example Completed consulting work for a client who will pay at a later date 24 A Recei
12、ved cash in advance from a customer for designing a software package B Purchased office supplies on credit C Paid for the supplies purchased in B D Received the telephone bill of the business and immediately paid it E Paid for a 3 year insurance policy Word 资料 Group 3 Q1 Describe the link between th
13、e income statement the statement of owner s equity and the balance sheet Q2 Leonard Matson completed these transactions during December of the current year Dec 1Began a financial services practice by investing 15 000 cash and office equipment having a 5 000 value 2 Purchased 1 200 of office equipmen
14、t on credit 3 Purchased 300 of office supplies on credit 4 Completed work for a client and immediately received a payment of 900 cash 8 Completed work for Acme Loan Co on credit 1 700 10 Paid for the supplies purchased on credit on December 3 14 Paid for the annual 960 premium on an insurance policy
15、 18 Received payment in full from Acme Loan Co for the work completed on December 8 27 Leonard withdrew 650 cash from the practice to pay personal expenses 30 Paid 175 cash for the December utility bills 30 Received 2 000 from a client for financial services to be rendered next year Prepare general
16、journal entries to record these transactions Word 资料 Chapter 3 Adjusting Accounts and Preparing Financial Statements Group 4 Q1 What are the types of adjusting entries used for accrued expenses and accrued revenues Q2 Based on the unadjusted trial balance for Bella s Beauty Salon and the adjusting information given below prepare the adjusting journal entries for Bella s Beauty Salon Bella Beauty Salon s unadjusted trial balance for the current year follows Bella Beauty Salon Trial Balance Decemb
