Chap007会计学基础.ppt

How Much Cash Should a Business Have? How Much Cash Should a Business Have? How Much Cash Should a Business Have? The Valuation of Financial Assets Cash Reporting Cash in the Balance Sheet Reporting Cash in the Balance Sheet Reporting Cash in the Balance Sheet The Statement of Cash Flows Cash Management Using Excess Cash Balances Efficiently Internal Control Over Cash Cash Over and Short Bank Statements Reconciling the Bank Statement Reconciling the Bank Statement Reconciling the Bank Statement Reconciling the Bank Statement Prepare a July 31 bank reconciliation statement and the resulting journal entries for the Simmons Company. The July 31 bank statement indicated a cash balance of $9,610, while the cash ledger account on that date shows a balance of $7,430. Additional information necessary for the reconciliation is shown on the next page. Outstanding checks totaled $2,417. A $500 check mailed to the bank for deposit had not reached the bank at the statement date. The bank returned a customer’s NSF check for $225 received as payment of an account receivable. The bank statement showed $30 interest earned on the bank balance for the month of July. Check 781 for supplies cleared the bank for $268 but was erroneously recorded in our books as $240. A $486 deposit by Acme Company was erroneously credited to our account by the bank. Reconciling the Bank Statement Reconciling the Bank Statement Petty Cash Funds Short-Term Investments A Principle of Asset Valuation Uncollectible Accounts Reflecting Uncollectible Accounts in the Financial Statements The Allowance for Doubtful Accounts Writing Off an Uncollectible Account Receivable Writing Off an Uncollectible Account Receivable Writing Off an Uncollectible Account Receivable Writing Off an Uncollectible Account Receivable Monthly Estimates of Credit Losses Estimating Credit Losses — The Balance Sheet Approach Estimating Credit Losses — The Balance Sheet Approach Estimating Credit Losses — The Balance Sheet Approach Estim