Sentry CR106 Instrukcja Użytkownika

CHAPTER5Whether you realize it or not, you likely interact with accounting systems. For example, your bank statement is a type of accounting system.

214 Chapter 5 Accounting SystemsAccounts Receivable Control Account and Subsidiary LedgerAfter all posting has been completed for the month, the bala

Chapter 5 Accounting Systems 215The Other Accounts Dr. column in Exhibit 5 is used to record purchases on account of any item for which there is no s

216 Chapter 5 Accounting SystemsAt the end of the month, all of the amount columns are totaled. The debits must equal the credits. If the debits do n

Chapter 5 Accounting Systems 217 To illustrate, Exhibit 5 shows that $2,800 was posted as a debit to Office Equipment in the general ledger, and t

218 Chapter 5 Accounting Systems EXHIBIT 6 Cash Payments Journal and PostingsCash Payments JournalPage 7Date Ck. No. Account DebitedPost. Ref.OtherA

Chapter 5 Accounting Systems 2195. A single monthly total of the Cash Cr. column is posted to the cash general ledger account. This is the total cash

220 Chapter 5 Accounting SystemsComputerized Accounting SystemsComputerized accounting systems are widely used by even the smallest of compa-nies. Co

Chapter 5 Accounting Systems 221 EXHIBIT 7 Revenue and Cash Receipts in QuickBooks1. Record fees by completing an electronic invoice form.Send

222 Chapter 5 Accounting SystemsStep 3. Prepare reports.At any time, managers may request reports from the software. Three such reports include the f

Chapter 5 Accounting Systems 223E-CommerceThe U.S. Census Bureau indicates that e-commerce sales are over $130 billion in retail sales. This represen

Basic Accounting SystemsIn Chapters 1–4, an accounting system for NetSolutions was described and illustrated. An accounting system is the methods and

224 Chapter 5 Accounting Systems2009 2008Segment (in thousands) (in thousands)Financial Management Solutions $ 578,801 $ 592,106 Employee Ma

Chapter 5 Accounting Systems 225At a Glance5De ne and describe an accounting system.Key Points An accounting system is the methods and procedures

226 Chapter 5 Accounting SystemsJournalize and post transactions in a manual accounting system that uses subsidiary ledgers and special journals.Ke

Chapter 5 Accounting Systems 227Use segment analysis in evaluating the operating performance of a company.Key Points Businesses may be segmented by

228 Chapter 5 Accounting Systemso. May 30. Issued Check No. 1042 in payment of office and sales salaries for May, $15,800.p. 31. Journalized ad

Chapter 5 Accounting Systems 229Transaction (d):Revenue JournalDateInvoice No. Account DebitedPost. Ref.Accts. Rec. Dr. Fees Earned Cr.May 851 Waller

230 Chapter 5 Accounting SystemsPE 5-1A Revenue journalThe following revenue transactions occurred during October:Oct. 7. Issued Invoice No.

Chapter 5 Accounting Systems 231PE 5-3A Purchases journalThe following purchase transactions occurred during August for Elegance Catering Service

232 Chapter 5 Accounting Systems2012 2011Retail $ 80,000 $ 75,000Wholesale 120,000 140,000Total revenue$200,000 $215,000Prepare a horizontal and v

Chapter 5 Accounting Systems 233c. Closing of drawing account at the end of the year.d. Providing services for cash.e. Receipt of cash refund f

Chapter 5 Accounting Systems 207Internal controls are the policies and procedures that protect assets from misuse, ensure that business information

234 Chapter 5 Accounting SystemsREVENUE JOURNALDateInvoice No. Account DebitedPost. Ref.Accts. Rec. Dr. Fees Earned Cr.b. What is the total amoun

Chapter 5 Accounting Systems 235Prepare a listing of the accounts receivable subsidiary ledger account balances and verify that the total agrees w

236 Chapter 5 Accounting SystemsPURCHASES JOURNAL Page 49Date Account CreditedPost. Ref.Accounts Payable Cr.Store Supplies Dr.O ce Supplies Dr.O

Chapter 5 Accounting Systems 237PURCHASES JOURNALDate Account CreditedPost. Ref.Accts. Payable Cr.O ce Supplies Dr.Other Accounts Dr.Post. Ref.

238 Chapter 5 Accounting SystemsPrepare a schedule of the accounts payable subsidiary ledger balances, and determine that the total agrees with th

Chapter 5 Accounting Systems 239EX 5-19 Error in accounts payable ledger and accounts payable subsidiary ledgerAfter Gold Rush Assay Services Inc

240 Chapter 5 Accounting SystemsCash Prepaid Renta. 10,940 b. 6,500 e. 1,200Accounts Receivable Accounts Payablec. 11,790 a. 10,940 b. 6,500 d. 7,

Chapter 5 Accounting Systems 241EX 5-25 Segment revenue horizontal analysisStarbucks Corporation reported the following geographical segment reve

242 Chapter 5 Accounting SystemsPR 5-1A Revenue journal; accounts receivable and general ledgersNewton Learning Centers was established on Octobe

Chapter 5 Accounting Systems 243Instructions1. Insert the following balances in the general ledger as of June 1:11 Cash $11,35012 Accounts Receiv

208 Chapter 5 Accounting Systems EXHIBIT 1 General Ledger and Subsidiary LedgersChris Clark, Drawing 32Chris Clark, Capital 31Accts. Payable 21(Cont

244 Chapter 5 Accounting SystemsPayable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor ac-counts in the accounts payab

Chapter 5 Accounting Systems 245PR 5-5A All journals and general ledger; trial balanceThe transactions completed by Sure N’ Safe Courier Company

246 Chapter 5 Accounting Systems2. Journalize the transactions for July 2012, using the following journals similar to those illus-trated in this

Chapter 5 Accounting Systems 247Apr. 14. Received cash from Park Development Co. for the balance owed on April 1. 16. Issued Invoice No. 720 t

248 Chapter 5 Accounting SystemsInstructions1. Insert the following balances in the general ledger as of August 1:14 Field Supplies $ 6,20015 O

Chapter 5 Accounting Systems 24911 Cash 18 O ce Equipment14 Field Supplies 19 Land15 O ce Supplies 21 Accounts Payable16 Prepaid Rent 61 Sa

250 Chapter 5 Accounting SystemsMay 25. Issued Invoice No. 95 to Trent Co., $5,900. 26. Issued Check No. 214 to Offi ce Mate Inc. in payment of

Chapter 5 Accounting Systems 251CP 5-2 Manual vs. computerized accounting systemsThe following conversation took place between Merit Construction

252 Chapter 5 Accounting SystemsCP 5-5 Internet-based accounting systemsInternet-based accounting software is a recent trend in business computin

Chapter 5 Accounting Systems 209As shown above, transactions that are recorded in the revenue and cash receipts journals will affect the accounts rec

210 Chapter 5 Accounting Systems EXHIBIT 2 Revenue Journal Revenue Journal Page 35DateInvoice No. Account DebitedPost. Ref.Accts. Rec. Dr. Fees Earne

Chapter 5 Accounting Systems 211 EXHIBIT 3 Revenue Journal and Postings Revenue Journal Page 35DateInvoice No. Account DebitedPost. Ref.Accts. Rec.

212 Chapter 5 Accounting SystemsCash Receipts JournalAll transactions that involve the receipt of cash are recorded in a cash receipts journal. The c

Chapter 5 Accounting Systems 2133. Accounts Receivable Cr. column: 2,2004. Cash Dr. column: 2,200The Other Accounts Cr. column in Exhibit 4