会计学原理 案例分析.ppt

会计学原理 案例分析 第二组 (This problem extends the demonstration problem of Chapter 1.)After several months of planing,Jasmine Worthy started a haircutting business called Expressions.The following events occurred during its first month. a. On August 1,Worthy invested $3,000 cash and $15,000 of equipment in Expressions. b. On August 2,Expression paid $600 cash for furniture for the shop. c. On August 3,Expression paid $500 cash to rent space in a strip mall for August. d. On August 4,it purchased $1,200 of equipment on credit for the shop (using a long-term note payable). e. On August 5,Expressions opened for business.Cash receive from haircutting services in the first week and a half of business (ended August 15) was $825 f. On August 15,it provided $100 of haircutting services on account. g . On August 17,it received a $100 check for services previously rendered on account. h . On August 17,it paid $125to an assistant for hours worked during the grand opening. i . Cash received from services provided during the second half of the August was $930. j . On August 31,it paid a $400 installment toward principal on the note payable entered into on August 4. k . On August 31,Worthy withdrew $900 cash for personal use. Required 1.Open the following ledger accounts in balance column format (account numbers are in parentheses): Cash (101); Accounts Receivable (102); Furniture (161); Store Equipment (165); Note Payable (240); J.Worthy,Capital (301); J.Worthy, Withdrawals (302); Haircutting Services Revenue (403);Wages Expense (623); and Rent Expense (640). Prepare general journal entries for the transactions. 2.Post the journal entries from (1) to the ledger accounts. 3.Prepare a trial balance as of August 31. 4. Prepare an income statement for August. 5. Prepare a statement of owner’s equity for August. 6. Prepare a balance sheet as of August 31. SOLUTION TO DEMONSTRATION PROBLEM 1.General journ