会计学原理英文课件4(精品·公开课件).ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * To close Papa John’s Restaurant Sales Revenue account, the following entry is required: Closing the Books Closing the Books If we close the other revenue accounts in a similar fashion, the retained earnings account looks like this . . . To close Papa John’s Cost of Sales - Restaurants account, the following entry is required: Closing the Books Closing the Books If we close the other expense accounts in a similar fashion, the retained earnings account looks like this . . . Closing the Books Finally, we close dividends to Retained Earnings. Dr: Retained Earnings Cr: Dividends Post-Closing Trial Balance Let’s take a look at the adjusted trial balance of Matrix, Inc. at December 31, 2011. We want to see the difference between the adjusted trial balance and the post-closing trial balance. Post-Closing Trial Balance Close theseaccounts. Netincome is $1,200 Post-Closing Trial Balance Retained earnings$2,960($1,760 + $1,200net income). Learning Objectives Compute and interpret the net profit margin(净收益率). Key Ratio Analysis: Net Profit Margin Net Profit Margin indicates how effective management is at generating profit on every dollar of sales. Net IncomeNet Sales Net Profit Margin (净收益率) = Key Ratio Analysis: Net Profit Margin In 2011, Papa John’s net income is $32,000,000 and net sales is $945,000,000, what is the net profit margin? End of Chapter 4 4 Summary Reading: Chapter 4 Adjusting Entries Closing Entries Accounting Cycle Journalize - Post to Ledger - Unadjusted Trial Balance - Adjusting Entries - Adjusted Trial Balance - Prepare Financial Statements - Closing Entries - Post-closing Trial Balance 4. Net Profit Margin Do adjusting entries Below are four transactions completed during 2011 by Timber Lodge. The annual accounting period ends on December 31. Each transaction will require an adjusting entry at December 31, 2011. Pro