Chapter_1Accounting_in_Business在交易里的的会1.docVIP

Chapter 1Accounting in Business在交易里的的会计 1.Accounting（is a system）｛Identifies Records Communicates(that is information)｛Relevant Reliable Comparable｝分辨 记录 交流 有关 可靠 可比 2.External Users 外部交易者 Internal Users内部交易者 3. Accounting Equation会计恒等式 Assets=Liabilities+ Equity 资产=负债+产权 （Owner Capital - Owner Withdrawals + Revenues – Expenses） . J. Scott invests $20,000 cash to start the business. (1) Cash (asset) (2) Owner Capital (equity) Purchased supplies paying $1,000 cash. (1) Cash (asset) (2) Supplies (asset) Purchased equipment for $15,000 cash. (1) Cash (asset) (2) Equipment (asset) Purchased Supplies of $200 and Equipment of $1,000 on account （1）Supplies (asset) (2) Equipment (asset) (3) Accounts Payable (liability) Borrowed $4,000 from 1st American Bank (1) Cash (asset) (2) Notes payable (liability) Provided consulting services receiving $3,000 cash. (1) Cash (asset) (2) Revenues (equity) Paid salaries of $800 to employees. (1) Cash (asset) (2) Salaries expense (equity) A withdrawal of $500 is made by the owner. ( 1) Cash (asset) (2) Withdrawals (equity) 4.四大财务报表 Income Statement 损利表 Statement of Owner’s Equity所有者权利表 Balance Sheet 资产负债表 Statement of Cash Flows现金流量表 5.资产回报率 Chapter 2 Chapter 3 Adjusting Accounts and Preparing Financial Statements Adjusting Prepaid (Deferred) Expenses Prepaid Insurance On December 1, 2007, Scott Company paid $12,000 for insurance for December 2007 through May 2008. Scott recorded the expenditure as Prepaid Insurance on December 1. Supplies During 2007, Scott Company purchased $15,500 of supplies. Scott recorded the expenditures as Supplies. On December 31, a count of the supplies indicated $2,655 on hand. Adjusting for Depreciation On January 1, 2007, Barton, Inc. purchased equipment for $62,000 cash. The equipment has an estimated useful life of five years and Barton expects to sell the equipment at the end of its life for $2,000 cash. Adjusting Unearned (Deferred) Revenues On October 1, 2007, O