上海海事 外国会计读 课件 chapter02.ppt

Flow of Business Transactions Journalizing and Posting Journal 分录簿 A book of original entry that links the debits and credits of individual transactions by providing a complete record of each transaction in one place in chronological order Journal entry 记账分录 An analysis if all the effects of a single transaction on the various accounts, usually accompanied by an explanation. Journalizing 编制分录 The process of recording a transaction Posting 过账 The process of transferring the debits and credits from the journal entries to the accounts Additional Transactions 1. Dec. 1 NetSolutions paid rent for December, $800. 2. Dec. 1 NetSolutions receives $360 for three month’s rent beginning December 1. 3. Dec. 4 NetSolutions purchased office equipment on account from Executive Supply Co. for $1,800. 4. Dec. 6 NetSolutions paid $180 for a newspaper advertisement. 5. Dec. 11 NetSolutions paid creditors $400. 6. Dec. 13 NetSolutions paid a receptionist and part-time assistant $950 for two weeks’ wages. 7. Dec. 16 Fees earned on account totaled $1,750 for the first half of December. 8. Dec. 16 NetSolutions received $3,100 from fees earned for the first half of December. 9. Dec. 21 NetSolutions received $650 from customers in payment of their accounts. 10. Dec. 31 NetSolutions paid its $310 telephone bill for the month. 11. Dec. 31 NetSolutions paid its $225 electric bill for the month. 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. Exercises Indicate which of the following errors, each considered individually, can not be detected by the trial balance: 1.Payment of a cash withdrawal of $3500 was journalized and posted as a debit of $5300 to Salary Expense and a credit of $3500 to cash. 2.A payment of $6100 for equipment pur