THEORY/SIMPLE ACCOUNTING PROCESS:

BOOKING DOUBLE ENTRIES: T-ACCOUNTS FORMS OF ACCOUNTS:

ASSETS ACCOUNTS
S OF ACCOUNTS:

LIABILITIES ACCOUNTS EQUITY ACCOUNTS REVENUES ACCOUNTS

 TRIAL BALANCE:

EXPENSES ACCOUNTS
GENERAL JOURNAL Page 1
P2.3
Date Account Titles and Explanation P.R. Debit Credit
1-May Cash 20,000
Share Capital 20,000
Invesment from Shareholders

1-May No entry

1-May Prepaid Rent 24,000

Cash 24,000
Prepaid Payment for Rent Expense

1-May Furniture and equipment 30,000

Cash 10,000
Accounts Payable 20,000
Purchased Funiture and Equipment by cash and on account

1-May Prepaid Insurance 1,800

Cash 1,800
Prepaid Payment for Insurance on Furniture and equipment

6-May Office Supplies 420

Cash 420
Purchased Office supplies by cash in hand

7-May Ofice Supplies 1,500

Accounts Payable 1,500
Purchased Office supplies on account

8-May Cash 8,000

Accounts Recievable 12,000
Revenue 20,000
Revenue

9-May Accounts Payable 400

Cash 400
Payment for Accounts Payable

10-May Cash 3,000

Accounts Recievable 3,000
Cash received from accounts recievable

11-May Utilities Expense 380

Accounts Payable 380
 Recording Utilities Expense

12-May Salaries Expense 6,100

Cash 6,100
Payment for Employees Salaries

GENERAL JOURNAL Page 2

P2.5
Date Account Titles and Explanation P.R. Debit Credit
2-Mar Rent Expense 3500
Cash 1500
Accounts Payable 2000
Rent movies by cash and on account

3-Mar No entry

9-Mar Cash 4300

Service Revenue 4300
Cash received from admissions

10-Mar Accounts Payable 4100

Cash 4100
Payment for AP on 2/3 and AP on 1/3

11-Mar No entry

12-Mar Advertising Expense 900

Cash 900
Payment for Advertising Expense

20-Mar Cash 5000

Service Revenue 5000
Cash received from admissions

20-Mar Rent Expense 2000

Cash 2000
Payment for rental fee

31-Mar Salaries and wages Expense 3100

Cash 3100
Payment for salaries

31-Mar Cash 450

Accounts Recievable 450
 Rent Revenue 900
Revenue from the concession

31-Mar Cash 9000

Service Revenue 9000
Service Revenue

GENERAL JOURNAL Page 3

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 4

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 5

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 6

 Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 7

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 8

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 9

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 9

Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 10

Date Account Titles and Explanation P.R. Debit Credit

 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE

Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
DATE EXPLANTION PR Debit Credit Balance DATE
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance

Cash
EXPLANTION PR Debit Credit Balance
 Cash
EXPLANTION PR Debit Credit Balance
 A.R SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 A.R SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.R SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 A.R SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 A.P SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 A.P SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE

A.P SUBSIDIARY LEDGER

NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 A.P SUBSIDIARY LEDGER
NAME OF CUSTOMERS: ____________
DATE PR DEBIT CREDIT BALANCE
 KOCHI SERVICES
Trial Balance
31-May-20
Debit Credit
Cash 8,280 -
Accounts Receivable 9,000 -
Supplies 1,920 -
Prepaid Insurance 1,800 -
Prepaid Rent 24,000 -
Equipment 30,000 -
Accounts Payable - 21,480
Share Capital—Ordinary - 40,000
Service Revenue - 20,000
Salaries and Wages Expense 6,100 -
Utilities Expense 380 -
81,480 81,480

SUN THEATER
Trial Balance
31-May-20
Debit Credit
Cash 10,150 -
Rent Recievable 450 -
Equipment 10,000 -
Land 24,000 -
Buildings 10,000 -
Accounts Payable - 4,900
Share Capital - 40,000
Service Revenue - 18,300
Rent Revenue - 900
Salaries and Wages Expense 3,100 -
Advertising Expense 900 -
Rent Expense 5,500 -
64,100 64,100

Trial Balance

Debit Credit
Trial Balance

Debit Credit
Trial Balance

Debit Credit
P3.5

Opening Trial Balance Movements during period

Account titles Debit Credit Debit
Cash 2,400 820
Supplies 1,800 700
AR 4,250 (1,420)
Equipment 12,000 2,000
AD-Equipment 2,000
AP 2,600
Salaries Payable 700
Unearned Revenue 1,200
SC 11,000
Retained Earnings 2,950
INCOME SUMMARY

Services Revenue
Salaries Expense 2,700
Rent Expense 400
Supplies Expense
Depreciation Expense
Sub total 20,450 20,450 5,200
Net income
Final Total

JOURNALIZE TRANSACTION ENTRIES

8-Nov Dr Salaries Expense 1,000
Dr Salaries Payable 700
 Cr Cash 1,700
10-Nov Dr Cash 3,620
Cr AR 3,620
12-Nov Dr Cash 3,100
Cr Service Revenue 3,100
15-Nov Dr Equipment 2,000
Cr AP 2,000
17-Nov Dr Supplies 700
Cr AP 700
20-Nov Dr AP 2,700
Cr Cash 2,700
22-Nov Dr Rent Expense 400
Cr Cash 400
25-Nov Dr Salaries Expense 1,700
Cr Cash 1,700
27-Nov Dr AR 2,200
Cr Service Revenue 2,200
29-Nov Dr Cash 600
Cr Unearned Revenue 600
 BECK EQUIPMENT REPAIR
WORKSHEET
FOR THE MONTH

vements during period Unadjusted Trial Balance Adjustments Adjusted TB

Credit Debit Credit Debit Credit Debit
3,220 3,220
2,500 1,100 1,400
2,830 2,830
14,000 14,000
2,000 200
2,600
(700) 350
600 1,800 1,220
11,000
2,950

5,300 5,300 1,220

2,700 350 3,050
400 400
1,100 1,100
200 200
5,200 25,650 25,650 2,870 2,870 26,200

ADJUSTING ENTRIES
1/
Dr Supplies Ex
Cr Supplies
2/
Dr Salaries Ex
Cr Salaries Payable
3/
Dr Depre Ex
Cr AD
4/
Dr Unearned Revenue
Cr Revenue
REPAIR
T
TH

Adjusted TB Income statement BS and Stmt Of Owner’s Equity

Credit Debit Credit Debit Credit
3,220
1,400
2,830
14,000
2,200 2,200
2,600 2,600
350 350
580 580
11,000 11,000
2,950 2,950

6,520 6,520
3,050
400
1,100
200
26,200 4,750 6,520
1,770 1,770
6,520 6,520 21,450 21,450
Cột income Statement trên Worksheet để phản ánh báo cáo thu nhập. Báo cáo thu nhập i
Cột BS and Changes in Equity là để phản ánh thay đổi trên BS và Vốn chủ sh => Lấy biến độ
Closing entries là bút toán đóng sổ thực hiện sau Bút toán điều chỉnh và sau khi lên báo cá
Post - closing balance: balance thử sau khi đóng sổ. Đóng vai trò là "Unadjusted Balance" c

Có 4 bút toán đóng sổ:

- Đóng 1: income summary
- 2: đóng từng chi phí vào income summary
- 3: đóng chênh lệch tk income vào RE (net profit -> RE)
- 4: Đóng Dividends vào RE (Dr Dividends / Cr RE)
Cột closing thể hiện 4 bút toán đóng sổ.
USTING ENTRIES

upplies Ex 1,100
 1,100

alaries Ex 350
alaries Payable 350

200
200

nearned Revenue 1220

1220
 Closing entries Post-closing TB
Debit Credit Debit Credit
3,220
1,400
2,830
14,000
2,200 Closing entries:
2,600 1/ To close Revenue
350 Dr Revenue
580 Cr Income Summary
11,000 2/ To close Expense
4,720 Dr Income Summary
4,750 6,520 Cr Salaries Expense
1,770 Cr Rent Expense
6,520 Cr Supplies Expense
3,050 Cr Depreciation Expense
400 3/ K/c Income Summary (911) -> RE (421)
1,100 Dr Income Summary
200 Cr RE
4/ Không có nhưng cứ hạch toán cho quen
Dr Dividends
21,450 21,450 Cr RE
áo thu nhập. Báo cáo thu nhập income statement chỉ có Income và Expense
BS và Vốn chủ sh => Lấy biến động trên RE để trình bày trên Changes in Equity, số dư trình bày trên BS => Chỉ lấy Asse
điều chỉnh và sau khi lên báo cáo -> Trả toàn bộ số dư Revenue Vs Expense về 0 để chuẩn bị sang kỳ sau theo dõi tiếp
vai trò là "Unadjusted Balance" của kỳ sau
 6,520
6,520

4,750
3,050
400
1,100
200
ary (911) -> RE (421)
1,770
1,770
ứ hạch toán cho quen
-
-

ày trên BS => Chỉ lấy Asset, Liabi, Equity và Net Income

sang kỳ sau theo dõi tiếp
PROBLEM 3.5
BECK EQUIPMENT REPAIR BECK EQUIPMENT REPAIR
INCOME STATEMENT RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED NOVEMBER 30 FOR THE MONTH ENDED NOVEMBER 30
Services Revenue 6,520 RE opening
Salaries Expense 3,050 Add:
Rent Expense 400 Net profit
Supplies Expense 1,100 Less:
Depreciation Expense 200 Dividends
Net income 1,770 Re ending
MENT REPAIR BECK EQUIPMENT REPAIR
NGS STATEMENT STATEMENT OF FINANCIAL POSITION
NDED NOVEMBER 30 FOR THE MONTH ENDED NOVEMBER 30
2,950 NCA:
Equipment 14,000
1,770 AD-ex (2,200)
CA:
- Supplies 1,400
4,720 AR 2,830
Cash 3,220
Total assets: 19,250
Equity:
SC 11,000
RE 4,720
Liabilities:
Unearned Revenue 580
Salaries Payable 350
AP 2,600
Total E & L 19,250
E7.8
1-Mar Dr Petty Cash 100
Cr Cash 100
15-Mar Dr Postage ex 39
Dr Freight-out 21
Dr Miscellaneous ex 11
Dr Travel ex 24
Dr Cash over and short 3
Cr Cash 98
20-Mar Dr Petty Cash 75
Cr Cash 75

E7.9
Bank Book
Cash balance 3,560.20 3,875.20
530 (DIT)
-730 (OC) -490 (NSF)
-25 (Charge)
Adjusted balance 3360.2 3360.2

E7.11
Bank Book
Balance 7,263 7,284
1,300 (DIT) 700 (Note)
-591 (OC) 36 (Interest)
-28 (BC)
-20 (fee)
7,972 7,972

E7.13
a) Adjusted balance per book = adjusted balance per bank
è920 + 15,750 = X + 15,600
èX = 1,070
b) 17,200 + 680 = Y + 16,400
èY = 1,480
c) A + 26,400 = 26,700 + 2,100
èA = 2,400
d) B + 23,700 = 25,000 + 2,100
èB = 3,400

E7.14
Restricted cash (NCA)
CFS - US GAAP
CASE STUDY 1:
OCF - INDIRECT METHOD:
Net income 38000
Adjust
1/Non-cash items
Depre ex 24000
Bad debt ex 0
2/ Non-operating items (exclude the ICF and FCF movements):
Gain on retirement of bonds -16000 (gain is combined when computing Net income)
Loss on sales of plant assets 6000
3/ Changes in CA and CL
Changes of AR -20000
Changes of MI -14000
Changes of prepaid ex -2000
Changes of AP -5000
Changes of interest payable -1000
Changes of tax payables 10000
Net OCF 20000
ICF:
1/STEP 1: CHECKING BALANCES OF ACCOUNTS AFFECTED Reading notes to fill in T-accounts:
PPE AD - PPE
210000 48000 Dr Depre ex
70000 30000 12000 Cr AD - PPE
(note 2) (note 3) (note 3) 24000
(IS)
250000
(fully explained) 60000
(fully explained)
2/STEP 2: JOURNALIZE THE ENTRIES
Purchase PPE: Dr PPE 70000
Cr Cash 10000 (cash payments - ICF)
Cr Bond payables: 60000 (disclose below the CFS)
Dispose PPE: Dr Cash 12000 (cash receipts - ICF)
Dr AD - PPE 12000
Dr Loss on sale - PPE 6000
Cr PPE 30000
2/ Present ICF
Cash payments for purchasing PPE -10000
Cash receipts for disposing PPE 12000
Net ICF 2000

FCF:
1/STEP 1: CHECKING BALANCES OF ACCOUNTS AFFECTED;
Bond payables Share capital
64000 80000
 34000 (note 2) 15000
(note 5) 60000 (note 4)

90000 95000
(fully explained) (fully explained)
2/STEP 2: JOURNALISE THE ENTRIES
Note 4: Dr Cash 15000
Cr Share capital 15000
Note 5: Dr Bond payable 34000
Cr Cash 18000
Cr Gain on retiring bonds 16000
Note 6: Dr Dividend payable 14000
Cr Cash 14000
FCF:
Cash receipt from issue shares 15000
Cash payment for retiring bond -18000
Cash payment for declare and paid dividends -14000
Net FCF -17000
OCF + ICF + FCF = 20000 + 2000 - 17000 = 5000
otes to fill in T-accounts:

24000
24000

Retained earnings
88000
14000 NI = 38000

112000
(fully explained)