会计双语Lesson 6.ppt

Lesson 6 Journals Key Terms Special journal General journal In contrast to Sales journal Sales on credit Purchases journal Cash receipts journal Cash payments/disbursements journal 1. Failure to record a transaction or to post a transaction. 2. Recording the same erroneous amount for both the debit and the credit parts of a transaction. 3. Recording the same transaction more than once. 4. Posting a part of a transaction correctly as a debit or credit but to the wrong account. Problem 6.1 The following preliminary trial balance of Escalade Co., a sports ticket agency, does not balance. When it is reviewed, you discover the following: 1. the debits and credits in the cash account total $47,350 and $33,975, respectively; 2. a billing of $2,500 to a customer on account was not posted to the accounts receivable account; 3. a payment of $1,800 made to a creditor on account was not posted to the accounts payable account; 4. the balance of the unearned rent account is $4,250 5. the correct balance of the equipment account is $75,000; and each account has a normal balance. Problem 6.1 Require: prepare a correct trial balance. Problem 6.2 On July 1, 2006, Leon Cruz established an interior decorating business, Ingress Designs. During the remainder of the month, Leon Cruz completed the following transactions related to the business: July 1 Leon transferred cash from a personal bank account to an account to be used for the business, $18,000. July 5 Paid rent for period of July 5 to end of month, $1,500 July 10 purchased a truck for $15,000, paying $5,000 cash and giving a note payable for the remainder. July 13 Purchased equipment on account, $4,500 July 14 purchased supplies for cash, $975 July 15 paid annual premiums on property and casualty insurance, $3,000 July 15 received cash for job completed, $4,100 July 21 paid creditor a portion of the amount owed for equipment purchased on July 13, $2,400 July 24 recorded jobs completed on account and sent invoices to customers,