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Transcript of CuentaCuenta Una cuenta es un registro individual de contabilidad donde se registran aumentos y...
CuentaCuentaCuentaCuenta
Una cuenta es un registro individual de contabilidad donde se registran aumentos y disminuciones de un activo, deuda, o owner’s equity especifico.
Una compañía va a tener cuentas separadas para cash, salaries expense, accounts payable, etc.
ILLUSTRATION ILLUSTRATION 2-1 2-1 Forma básica de una cuentaForma básica de una cuenta
ILLUSTRATION ILLUSTRATION 2-1 2-1 Forma básica de una cuentaForma básica de una cuenta
Lado Izquierdo o Debito
Titulo de la cuenta
Lado derecho o Credito
Balance debito Balance credito
En su forma mas simple, una cuenta consiste en :
1 el titulo de la cuenta,
2 un lado izquierdo o un lado debito
3 un lado derecho o un lado credito El arreglo de estas partes se parece a una letra T, y por
eso se le conoce como cuentas T
Debitos y CréditosDebitos y CréditosDebitos y CréditosDebitos y Créditos
El termino debito significa izquierda y credito significa derecha
El acto de entrar una cantidad en el lado izquierdo de una cuenta se le conoce como debitar y hacer una entrada en el lado derecho se le conoce como acreditar.
Cuando la cantidad de los debitos excede los creditos, la cuenta tiene un balance debito; cuando ocurre lo contrario tiene un balance credito
DR CR
ILLUSTRATION ILLUSTRATION 2-2 2-2 TABULAR SUMMARY COMPARED TO TABULAR SUMMARY COMPARED TO
ACCOUNT FORMACCOUNT FORM
ILLUSTRATION ILLUSTRATION 2-2 2-2 TABULAR SUMMARY COMPARED TO TABULAR SUMMARY COMPARED TO
ACCOUNT FORMACCOUNT FORM
Resumen Tabular
Cash
$15,000- 7,000
1,2001,500
- 1,700- 250
600- 1,300
CashDebit Credit
15,0001,2001,500
600
7,0001,700
1,300250
Balance
Forma de cuenta
$ 8,050
$8,050(Debit)
Cash
Debito Crédito
15,000
Example: Inversion inical del dueño del negocio de $15,000 Cash es debitado y the owner’s Capital es acreditado.
Example: Inversion inical del dueño del negocio de $15,000 Cash es debitado y the owner’s Capital es acreditado.
Debitando una cuentaDebitando una cuentaDebitando una cuentaDebitando una cuenta
Example: Renta mensual de $7,000 es pagada. Se acredita Cash y se debita Rent Expense
Example: Renta mensual de $7,000 es pagada. Se acredita Cash y se debita Rent Expense
Acreditar una cuentaAcreditar una cuentaAcreditar una cuentaAcreditar una cuenta
Cash
Debits Credits
7,000
Debitando Y Acreditando Debitando Y Acreditando una cuentauna cuenta
Debitando Y Acreditando Debitando Y Acreditando una cuentauna cuenta
Cash
Debits Credits
15,000 7,000
8,000
Example: Cash es debitado por $15,000 y acreditado por $7,000, dejando un balance debito de $8,000.
Example: Cash es debitado por $15,000 y acreditado por $7,000, dejando un balance debito de $8,000.
Sistema de doble entradaSistema de doble entradaSistema de doble entradaSistema de doble entrada
En un sistema de doble entrada (double-entry system), debitos y creditos iguales son realizados a las cuentas para cada transaccion
Asi, el total de debitos va a ser igual al total de creditos y la ecuacion siempre se queda balanceada
Assets Liabilities Equity
Efectos de los Debitos y Créditos Efectos de los Debitos y Créditos en los Activos y las Deudasen los Activos y las Deudas
Efectos de los Debitos y Créditos Efectos de los Debitos y Créditos en los Activos y las Deudasen los Activos y las Deudas
Debitos CréditosAumento en activo Disminuye activo
Disminuye deuda Aumenta la deuda
Balance NormalBalance NormalBalance NormalBalance Normal
Cada clasificacion de cuentas tiene un balance normal ya sea credito o debito.
Para una cuenta en particular, el lado opuesto de una cuenta no debe exceder el balance normal.
Balances NormalesBalances Normales
Activos y PasivosActivos y Pasivos
Balances NormalesBalances Normales
Activos y PasivosActivos y Pasivos
Activos (Assets)Aumentan Disminuyen Debito CréditoDisminuye Aumento Debito Credito
Deudas (Liabilities)
Balance
Normal
Balance
Normal
ILLUSTRATION ILLUSTRATION 2-5 2-5 Efectos de Debito y Credito-- OWNER’S CAPITALEfectos de Debito y Credito-- OWNER’S CAPITALILLUSTRATION ILLUSTRATION 2-5 2-5 Efectos de Debito y Credito-- OWNER’S CAPITALEfectos de Debito y Credito-- OWNER’S CAPITAL
Debitos CreditosDisminucion owner’s capital Aumento owner’s capital
NORMAL BALANCENORMAL BALANCE
OWNER’S CAPITALOWNER’S CAPITAL
NORMAL BALANCENORMAL BALANCE
OWNER’S CAPITALOWNER’S CAPITAL
Owner’s Capital
Disminuyen Aumentan Debito Credito
Normal Balance
DEBIT AND CREDIT EFFECTS DEBIT AND CREDIT EFFECTS
OWNER’S DRAWINGOWNER’S DRAWING
DEBIT AND CREDIT EFFECTS DEBIT AND CREDIT EFFECTS
OWNER’S DRAWINGOWNER’S DRAWING
Debits CreditsAumentan los retiros del Disminucion los retiros del dueño
dueño
ILLUSTRATION ILLUSTRATION 2-8 2-8 NORMAL BALANCE — OWNER’S DRAWINGNORMAL BALANCE — OWNER’S DRAWING
ILLUSTRATION ILLUSTRATION 2-8 2-8 NORMAL BALANCE — OWNER’S DRAWINGNORMAL BALANCE — OWNER’S DRAWING
Owner’s Drawing
Balance Normal
Debito para Aumentar
Credito para Disminuir
Efectos de los debitos y Creditos en losEfectos de los debitos y Creditos en los
Ingresos y los GastosIngresos y los Gastos
Efectos de los debitos y Creditos en losEfectos de los debitos y Creditos en los
Ingresos y los GastosIngresos y los Gastos
Debitos CreditosDisminuyen los Ingresos
Aumentan los gastos Disminuyen los Gastos
Aumentan los Ingresos
Balances normalesBalances normales
Ingresos & GastosIngresos & Gastos
Balances normalesBalances normales
Ingresos & GastosIngresos & Gastos
Gastos (expenses)
Ingresos (revenues)
Balance Normal
CreditoAumenta
DebitoDisminuye
CreditoDisminuye
DebitoAumentan
Balance Normal
ILLUSTRATION ILLUSTRATION 2-11 2-11 EXPANDED BASIC EQUATION AND EXPANDED BASIC EQUATION AND
DEBIT/CREDIT RULES AND EFFECTSDEBIT/CREDIT RULES AND EFFECTS
ILLUSTRATION ILLUSTRATION 2-11 2-11 EXPANDED BASIC EQUATION AND EXPANDED BASIC EQUATION AND
DEBIT/CREDIT RULES AND EFFECTSDEBIT/CREDIT RULES AND EFFECTS
LiabilitiesAssets Owner’s Equity
= + -
+=
+ -
Assets
Dr. Cr.+ -
Liabilities
Dr. Cr.- +
Dr. Cr.
Owner’s Drawing
+ -
Dr. Cr.
Revenues
- +Dr. Cr.
Expenses
+ -
Dr. Cr.
Owner’s Capital
- +
STUDY OBJECTIVE STUDY OBJECTIVE 33
Identify the basic steps in the recording process.Identify the basic steps in the recording process.
Los pasos basicos en el proceso de registro son:
1 Analizar cada transaccion para ver los efectos en las cuentas
2 Entrar la informacion en un jornal3 Transferir la informacion del jornal a las cuentas en el mayor
STEPS IN THE STEPS IN THE RECORDING PROCESSRECORDING PROCESS
STEPS IN THE STEPS IN THE RECORDING PROCESSRECORDING PROCESS
ILLUSTRATION ILLUSTRATION 2-12 2-12 THE RECORDING THE RECORDING
PROCESSPROCESS
ILLUSTRATION ILLUSTRATION 2-12 2-12 THE RECORDING THE RECORDING
PROCESSPROCESS
1 Analyze each transaction
2 Enter transaction in a journal
3 Transfer journal information to ledger accounts
JOURNAL
JOURNAL
LEDGER
STUDY OBJECTIVE STUDY OBJECTIVE 44
Explain what a journal is and how it helps in the recording process.Explain what a journal is and how it helps in the recording process.
El JornalEl JornalEl JornalEl Jornal
Transacciones son registradas inicialmente en orden cronologico en un jornal antes de transferirse a las cuentas.
Cada compania tiene un jornal general el cual contiene:
1 Espacio para la fechas,
2 titulos de las cuentas y explicaciones,
3 referencias
4 dos columnas de cantidad
El jornal hace varias contribuciones en el proceso de registro:
1 Divulga en un solo lugar el efecto completo de la transaccion
2 Provee registro cronologico de cada transaccion
3 Ayuda a prevenir y localizar errores ya que las cantidades pueden ser comparadas una con la otra
THE JOURNALTHE JOURNALTHE JOURNALTHE JOURNAL
JOURNALIZINGJOURNALIZINGJOURNALIZINGJOURNALIZING
Entrar data en el jornal se conoce como jornalizacion
Entradas separadas se hacen para cada transaccion
Una entrada completa consiste de :
1 la fecha de la transaccion
2 la cuenta y cantidades a debitar y acreditar
3 una explicacion breve de la transaccion
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
The date of the transaction is entered in the date column.The date of the transaction is entered in the date column.
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZINGLos titulos de la cuenta que se debita se entran en el margen izquierdo de la columna de titulos de cuenta y explicacion. Las cuentas credito se indenta hacia la derecha del margen.
Los titulos de la cuenta que se debita se entran en el margen izquierdo de la columna de titulos de cuenta y explicacion. Las cuentas credito se indenta hacia la derecha del margen.
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZINGLa cantidad para los debitos se registra en la columna de debito y la cantidad para los creditos se registra en la columna credito.
La cantidad para los debitos se registra en la columna de debito y la cantidad para los creditos se registra en la columna credito.
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
Una breve explicacion de la transaccion es dada.Una breve explicacion de la transaccion es dada.
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZINGUn espacio se deja entre entradas de jornal. El espacio en blanco separa entradas individuales y hace que el jornal se pueda leer mas facil.
Un espacio se deja entre entradas de jornal. El espacio en blanco separa entradas individuales y hace que el jornal se pueda leer mas facil.
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZING
ILLUSTRATION ILLUSTRATION 2-13 2-13 TECHNIQUE OF TECHNIQUE OF
JOURNALIZINGJOURNALIZINGLa columna titulada Ref. Se deja en blanco al momento de que se hace la entrada de jornal y se usa luego cuando las entradas se transfieren al mayor.
La columna titulada Ref. Se deja en blanco al momento de que se hace la entrada de jornal y se usa luego cuando las entradas se transfieren al mayor.
Si una entrada tiene dos cuentas, una debito y una credto se considera como una entrada simple.
Si una entrada tiene dos cuentas, una debito y una credto se considera como una entrada simple.
SIMPLE AND COMPOUND SIMPLE AND COMPOUND JOURNAL ENTRIESJOURNAL ENTRIES
SIMPLE AND COMPOUND SIMPLE AND COMPOUND JOURNAL ENTRIESJOURNAL ENTRIES
Cuando tres o mas cuentas se requieren en una entrada de jornal, la entrada se conoce como entrada compuesta
Cuando tres o mas cuentas se requieren en una entrada de jornal, la entrada se conoce como entrada compuesta
ILLUSTRATION ILLUSTRATION 2-14 2-14 COMPOUND JOURNAL ENTRYCOMPOUND JOURNAL ENTRY
ILLUSTRATION ILLUSTRATION 2-14 2-14 COMPOUND JOURNAL ENTRYCOMPOUND JOURNAL ENTRY
2
1
3
COMPOUND JOURNAL ENTRYCOMPOUND JOURNAL ENTRYCOMPOUND JOURNAL ENTRYCOMPOUND JOURNAL ENTRY
Este es el formato erroneo; TODOS los debitos deben listarse antes de los creditos
Este es el formato erroneo; TODOS los debitos deben listarse antes de los creditos
STUDY OBJECTIVE STUDY OBJECTIVE 55
Explain what a ledger is and how it helps in the recording process.Explain what a ledger is and how it helps in the recording process.
El mayorEl mayorEl mayorEl mayor
El grupo entero de cuentas que mantiene una compania se conoce como ledger (mayor).
Un general ledger (mayor general) contiene todas las cuentas de activos, deudas y owner’s equity.
GENERAL LEDGER
Individual Liabilities
Individual Assets
Individual Owner’s Equity
ILLUSTRATION ILLUSTRATION 2-15 2-15 THE GENERAL LEDGERTHE GENERAL LEDGER
ILLUSTRATION ILLUSTRATION 2-15 2-15 THE GENERAL LEDGERTHE GENERAL LEDGER
Equipment
Land
Supplies
Cash
Interest Payable
Salaries Payable
Accounts Payable
Notes Payable
Salaries Payable
Fees Earned
J. Lind, Drawing
J. Lind, Capital
STUDY OBJECTIVE STUDY OBJECTIVE 66
Explain what posting is and how it helps in the recording process.Explain what posting is and how it helps in the recording process.
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
In the ledger, enter in the appropriate columns of the account(s) debited the date, journal page, and debit amount shown in the journal.
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
In the reference column of the journal, write the account number to which the debit amount was posted.
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
In the ledger, enter in the appropriate columns of the account(s) credited the date, journal page, and credit amount shown in the journal.
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
ILLUSTRATION ILLUSTRATION 2-17 2-17 POSTING A JOURNAL ENTRYPOSTING A JOURNAL ENTRY
In the reference column of the journal, write the account number to which the credit amount was posted.
Muchas companias tienen un chart of accounts (carta de cuenta) que enlista las cuentas y los numeros de cuenta la cual identifica la localizacion en el mayor
Muchas companias tienen un chart of accounts (carta de cuenta) que enlista las cuentas y los numeros de cuenta la cual identifica la localizacion en el mayor
CHART OF ACCOUNTSCHART OF ACCOUNTSCHART OF ACCOUNTSCHART OF ACCOUNTS
Inversion de Cash por el dueñoInversion de Cash por el dueñoInversion de Cash por el dueñoInversion de Cash por el dueño
AnalisisBasico
AnalisisDebit-Credit
TransaccionOctubre 1, C.R. Byrd invierte $10,000 en efectivo en un sociedad de publicidad que se conoce como Pioneer Advertising Agency.
Los activos Cash se aumentan $10,000, y el owner’s equity C. R. Byrd, Capital se aumenta por $10,000.
Debito aumenta los activos: debito Cash $10,000.Credito aumentan owner’s equity: credit C.R. Byrd, Capital $10,000.
ILLUSTRATION ILLUSTRATION 2-19 2-19 INVESTMENT OF CASH BY OWNERINVESTMENT OF CASH BY OWNERILLUSTRATION ILLUSTRATION 2-19 2-19 INVESTMENT OF CASH BY OWNERINVESTMENT OF CASH BY OWNER
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
PURCHASE OF PURCHASE OF
OFFICE EQUIPMENTOFFICE EQUIPMENT
PURCHASE OF PURCHASE OF
OFFICE EQUIPMENTOFFICE EQUIPMENT
AnalisisBasico
AnalisisDebit-Credit
TransaccionOctober 1, Se compra equipo de oficina costando $5,000 y se compra mediante el uso de una nota por pagar de 3-meses, 12%, $5,000.
Los activos Office Equipment se aumentan por $5,000, y las Notes Payable se aumentan por $5,000.
Debito aumentan los activos: debit Office Equipment $5,000. Creditos aumentan deudas: credit Notes Payable $5,000.
ILLUSTRATION ILLUSTRATION 2-20 2-20 PURCHASE OF OFFICE EQUIPMENTPURCHASE OF OFFICE EQUIPMENTILLUSTRATION ILLUSTRATION 2-20 2-20 PURCHASE OF OFFICE EQUIPMENTPURCHASE OF OFFICE EQUIPMENT
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
ILLUSTRATION ILLUSTRATION 2-21 2-21 RECEIPT OF CASH FOR FUTURE SERVICERECEIPT OF CASH FOR FUTURE SERVICEILLUSTRATION ILLUSTRATION 2-21 2-21
RECEIPT OF CASH FOR FUTURE SERVICERECEIPT OF CASH FOR FUTURE SERVICE
BasicAnalysis
Debit-CreditAnalysis
TransactionOctober 2, a $1,200 cash advance is received from R. Knox, a client, for advertising services that are expected to be completed by December 31.
The asset Cash is increased $1,200; the liability Unearned Fees is increased $1,200 because the service has not been rendered yet. Note that although many liabilities have the word “payable” in their title, unearned fees are considered a liability even though the word payable is not used.
Debits increase assets: debit Cash $1,200. Credits increase liabilities: credit Unearned Fees $1,200.
ILLUSTRATION ILLUSTRATION 2-21 2-21 RECEIPT OF CASH FOR FUTURE SERVICERECEIPT OF CASH FOR FUTURE SERVICEILLUSTRATION ILLUSTRATION 2-21 2-21
RECEIPT OF CASH FOR FUTURE SERVICERECEIPT OF CASH FOR FUTURE SERVICE
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
ILLUSTRATION ILLUSTRATION 2-22 2-22 PAYMENT OF MONTHLY RENTPAYMENT OF MONTHLY RENT
ILLUSTRATION ILLUSTRATION 2-22 2-22 PAYMENT OF MONTHLY RENTPAYMENT OF MONTHLY RENT
BasicAnalysis
Debit-CreditAnalysis
Transaction October 3, office rent for October is paid in cash, $900.
The expense Rent is increased $900 because the payment pertains only to the current month; the asset Cash is decreased $900.
Debits increase expenses: debit Rent Expense $900. Credits decrease assets: credit Cash $900.
ILLUSTRATION ILLUSTRATION 2-22 2-22 PAYMENT OF MONTHLY RENTPAYMENT OF MONTHLY RENT
ILLUSTRATION ILLUSTRATION 2-22 2-22 PAYMENT OF MONTHLY RENTPAYMENT OF MONTHLY RENT
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
ILLUSTRATION ILLUSTRATION 2-23 2-23 PAYMENT FOR INSURANCEPAYMENT FOR INSURANCE
ILLUSTRATION ILLUSTRATION 2-23 2-23 PAYMENT FOR INSURANCEPAYMENT FOR INSURANCE
The asset Prepaid Insurance is increased $600 because the payment extends to more than the current month; the asset Cash is decreased $600. Note that payments of expenses that will benefit more than one accounting period are identified as prepaid expenses or prepayments. When a payment is made, an asset account is debited in order to show the service or benefit that will be received in the future.
TransactionOctober 4, $600 is paid for a one-year insurance policy that will expire next year on September 30.
Debit-CreditAnalysis
Debits increase assets: debit Prepaid Insurance $600. Credits decrease assets: credit Cash $600.
BasicAnalysis
ILLUSTRATION ILLUSTRATION 2-23 2-23 PAYMENT FOR INSURANCEPAYMENT FOR INSURANCE
ILLUSTRATION ILLUSTRATION 2-23 2-23 PAYMENT FOR INSURANCEPAYMENT FOR INSURANCE
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
Prepaid Insurance 130 Oct. 4 600
ILLUSTRATION ILLUSTRATION 2-24 2-24 PURCHASE OF SUPPLIES ON CREDITPURCHASE OF SUPPLIES ON CREDITILLUSTRATION ILLUSTRATION 2-24 2-24
PURCHASE OF SUPPLIES ON CREDITPURCHASE OF SUPPLIES ON CREDIT
BasicAnalysis
Debit-CreditAnalysis
TransactionOctober 5, an estimated 3-month supply of advertising materials is purchased on account from Aero Supply for $2,500.
The asset Advertising Supplies is increased $2,500; the liability Accounts Payable is increased $2,500.
Debits increase assets: debit Advertising Supplies $2,500. Credits increase liabilities: credit Accounts Payable $2,500.
ILLUSTRATION ILLUSTRATION 2-24 2-24 PURCHASE OF SUPPLIES ON CREDITPURCHASE OF SUPPLIES ON CREDITILLUSTRATION ILLUSTRATION 2-24 2-24
PURCHASE OF SUPPLIES ON CREDITPURCHASE OF SUPPLIES ON CREDIT
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
ILLUSTRATION ILLUSTRATION 2-25 2-25 HIRING OF EMPLOYEESHIRING OF EMPLOYEES
ILLUSTRATION ILLUSTRATION 2-25 2-25 HIRING OF EMPLOYEESHIRING OF EMPLOYEES
BasicAnalysis
Debit-CreditAnalysis
Transaction
October 9, hire four employees to begin work on October 15. Each employee is to receive a weekly salary of $500 for a 5-day work week, payable every 2 weeks -- first payment made on October 26.
A business transaction has not occurred. There is only an agreement between the employer and the employees to enter into a business transaction beginning on October 15.
A debit-credit analysis is not needed because there is no accounting entry.
ILLUSTRATION ILLUSTRATION 2-26 2-26 WITHDRAWAL OF CASH BY OWNERWITHDRAWAL OF CASH BY OWNERILLUSTRATION ILLUSTRATION 2-26 2-26 WITHDRAWAL OF CASH BY OWNERWITHDRAWAL OF CASH BY OWNER
BasicAnalysis
Debit-CreditAnalysis
Transaction October 20, C. R. Byrd withdraws $500 cash for personal use.
The owner’s equity account C. R. Byrd, Drawing is increased $500; the asset Cash is decreased $500.
Debits increase drawings: debit C. R. Byrd, Drawing $500. Credits decrease assets: credit Cash $500.
ILLUSTRATION ILLUSTRATION 2-26 2-26 WITHDRAWAL OF CASH BY OWNERWITHDRAWAL OF CASH BY OWNERILLUSTRATION ILLUSTRATION 2-26 2-26 WITHDRAWAL OF CASH BY OWNERWITHDRAWAL OF CASH BY OWNER
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
ILLUSTRATION ILLUSTRATION 2-27 2-27 PAYMENT OF SALARIESPAYMENT OF SALARIES
ILLUSTRATION ILLUSTRATION 2-27 2-27 PAYMENT OF SALARIESPAYMENT OF SALARIES
BasicAnalysis
Debit-CreditAnalysis
TransactionOctober 26, employee salaries of $4,000 are owed and paid in cash. (See October 9 transaction.)
The expense account Salaries Expense is increased $4,000; the asset Cash is decreased $4,000.
Debits increase expenses: debit Salaries Expense $4,000. Credits decrease assets: credit Cash $4,000.
ILLUSTRATION ILLUSTRATION 2-27 2-27 PAYMENT OF SALARIESPAYMENT OF SALARIES
ILLUSTRATION ILLUSTRATION 2-27 2-27 PAYMENT OF SALARIESPAYMENT OF SALARIES
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
Salaries Expense 726 Oct. 26 4,000
ILLUSTRATION ILLUSTRATION 2-28 2-28 RECEIPT OF CASH FOR FEES EARNEDRECEIPT OF CASH FOR FEES EARNED
ILLUSTRATION ILLUSTRATION 2-28 2-28 RECEIPT OF CASH FOR FEES EARNEDRECEIPT OF CASH FOR FEES EARNED
BasicAnalysis
Debit-CreditAnalysis
TransactionOctober 31, received $10,000 in cash from Copa Company for advertising services rendered in October.
The asset Cash is increased $10,000; the revenue Fees Earned is increased $10,000.
Debits increase assets: debit Cash $10,000. Credits increase revenues: credit Fees Earned $10,000.
ILLUSTRATION ILLUSTRATION 2-28 2-28 RECEIPT OF CASH FOR FEES EARNEDRECEIPT OF CASH FOR FEES EARNED
ILLUSTRATION ILLUSTRATION 2-28 2-28 RECEIPT OF CASH FOR FEES EARNEDRECEIPT OF CASH FOR FEES EARNED
JOURNAL ENTRYJOURNAL ENTRY
POSTINGPOSTING
STUDY OBJECTIVE STUDY OBJECTIVE 77
Prepare a trial balance and explain its purposes.Prepare a trial balance and explain its purposes.
THE TRIAL BALANCETHE TRIAL BALANCETHE TRIAL BALANCETHE TRIAL BALANCE
Un trial balance es una lista de las cuentas y su balance a un tiempo especifico.
El proposito primordial del trial balance es verificar si los debitos igualan los creditos luego del posteo
Si los debitos no concuerdadn el reporte se usa para descubrir errores de jornalizacion y posteo
El procedimiento para preparar el trial balance consiste de:
1 Enlistar los titulos de la cuenta y sus balances
2 Totalizar las columnas de debito y credito
3 Proveer la igualdad de las dos columnas
The total debits must equal the total credits.
The total debits must equal the total credits.
ILLUSTRATION ILLUSTRATION 2-31 2-31 A TRIAL BALANCEA TRIAL BALANCE
ILLUSTRATION ILLUSTRATION 2-31 2-31 A TRIAL BALANCEA TRIAL BALANCE
LIMITATIONS OF A LIMITATIONS OF A TRIAL BALANCETRIAL BALANCE
LIMITATIONS OF A LIMITATIONS OF A TRIAL BALANCETRIAL BALANCE
Un trial balance no provee que todas las transacciones han sido registradas o que el mayor esta correcto
Numerosos errores pueden existir aunque las columnas cuadresn.
The trial balance puede cuadrar aunque:
1 una transaccion no se jornalize
2 una entrada de jornal correcta no se postee
3 se postee doble
4 cuentas incorrectas son usadas
5 offsetting errors are made in recording the amount of the transaction.