会计英语6 week7.ppt

Adjusting for Accrued Expenses * 12/1/02 12/31/02 Year end Last pay date 12/26/02 Next pay date 1/2/03 Record adjusting journal entry. Denton, Inc. pays its employees every Friday. Year-end, 12/31/02, falls on a Wednesday. As of 12/31/02, the employees have earned salaries of $47,250 for Monday through Wednesday of the week ended at1/02/03. Adjusting for Accrued Expenses * Denton, Inc. pays its employees every Friday. Year-end, 12/31/02, falls on a Wednesday. As of 12/31/02, the employees have earned salaries of $47,250 for Monday through Wednesday of the week ended 1/02/03. Adjusting for Accrued Expenses * Salaries Expense Salaries Payable 12/31 $47,250 12/31 $47,250 After posting, the accounts involved will look like this . . . Adjusting for Accrued Revenues * Yes, you can pay me for your tax return when I finish the work. Revenues earned in a period that are both unrecorded and not yet received. Asset Revenue Credit Adjustment Debit Adjustment Adjusting for Accrued Revenues * Smith Jones, CPAs, had $31,200 of work completed but not yet billed to clients. Let’s make the adjusting entry necessary on December 31, 2002, the end of the company’s fiscal year. Adjusting for Accrued Revenues After posting, the accounts involved will look like this . . . * Accounts Receivable Service Revenue 12/31 $31,200 12/31 $31,200 FastForward Trial Balance December 31, 2001 Exh. 3.19 First, the initial unadjusted amounts are added to the worksheet. * Next, FastForward’s adjustments are added. FastForwardTrial Balance December 31, 2001 Exh. 3.19 * FastForwardTrial Balance December 31, 2001 Finally, the totals are determined. Exh. 3.19 * 3.4 worksheet Fill the blanks The worksheet a part of the ledger, and/but it a financial statement A. is, is B. is not, is C. is, is not D. is not, is not Translate the sentence 编制工作底稿可以减少错记、漏记和重复记录的可能性，从而保证在正式编制财务报表之前，各账户的余额准确。 * * 12 12 * 16 16 * 18 18 * 19 19 * 20 20 * 20 20 * 20 20 * 20 20 * 23 23 * 24 24 * 25 25 * 27 27