1. 2 (Fundamental Accounting Principles)

2. () : . 1 : 105 2554 2 : 250 2554 : : : 0-2215-3999 3. 3821302 (Fundamental Accounting Principles) 3(2-2-5) (..2552) (Fundamental Accounting Principles) 2 2552 4. 2 (Fundamental Accounting Principles ( .. 2554) pratinporn_rae@dusit.ac.th 31 2554 5. 3821302 (Fundamental Accounting Principles) 3(2-2-5) 6. (1) (5) (9) (11) 1 1 1 2 3 3 4 4 5 5 7 13 13 14 15 16 24 33 35 38 40 42 2 45 45 46 46 47 48 7. 3821302 (Fundamental Accounting Principles) (4) 49 54 61 64 65 67 74 84 88 89 3 99 99 99 130 136 138 145 154 155 157 158 4 165 165 166 170 170 172 174 174 174 175 175 180 8. 3821302 (Fundamental Accounting Principles) (5) 240 241 246 248 5 257 257 258 258 260 261 265 270 274 279 285 292 294 6 301 301 301 306 308 308 309 310 329 330 7 337 337 337 337 341 343 9. 3821302 (Fundamental Accounting Principles) (6) 357 358 8 361 361 361 362 362 362 371 371 380 383 397 398 403 407 10. 1.1 12 2.1 58 5.1 256 5.2 258 6.1 307 6.2 325 8.1 380 8.2 385 8.3 386 11. (10) 12. 2.1 45 3.1 117 3.2 121 3.3 122 3.4 125 4.1 176 4.2 237 6.1 307 6.2 2 319 13. 14. 1 (accounting) (business enterprise) (profit organization) (nonprofit organization) 3,000 13 13 (double entry book keeping) .. 1340 .. 1494 (Fra Luca Pacioli) The Summa de Arithmetica Geometria Proportionate Proportionalita ( , 2544, 1 4) 19 20 15. 3821302 (Fundamental Accounting Principles) 2 (ownership theory) (entity theory) (going concern) 130 (.. 2455) .. 2475 .. 2482 .. 2482 5 1. 2. 3. 4. 5. 1 (The American Institute of Certified Public Accountants) AICPA ( , 2544, 31) Accounting is the art of recording, classifying and summarizing in significant manner and in terms of money transactions and events which are, in part at least, of a financial character and interpreting the results there of (2538, 4) 16. 3821302 (Fundamental Accounting Principles) 3 1. (recording) 2. (classifying) 3. (summarizing) 4. (interpreting) (book keeping) (, 2538, 24) (bookkeeper) (accountant) .. 2543 1. 2. 17. 3821302 (Fundamental Accounting Principles) 4 3. 4. 5. 6. 7. .. 2543 .. 2543 10 2544 1. (.) (..) (.) 5 30 30 2. (..) 2.1 2.2 2.3 2.4 2.5 2.6 2 1. 1.1 18. 3821302 (Fundamental Accounting Principles) 5 1.2 1.3 2. 2.1 2.2 2.3 3 ( , 2545, 1-7 1-8) 1. (financial accounting) 2. (managerial accounting) 3. (tax accounting) 2 1. 3 1.1 (Individual Proprietorships) 19. 3821302 (Fundamental Accounting Principles) 6 1.2 (partnership) 2 1.2.1 (Ordinary Partnership Unlimited Partnership) 1.2.2 (Limited Partnership) 2 1.3 (corporation) 7 (stockholder) 2 1.3.1 (Private Company Limited) 5 25% 20. 3821302 (Fundamental Accounting Principles) 7 1.3.2 (Public Company Limited) .. 2535 5 10 2. 2 2.1 (service firm) 2.2 2 2.2.1 (merchandising firm) 2.2.2 (manufacturing firm) (accounting framework) (, 2549, 4) 1.1 1.2. 1.3 1.4 1.5 1.6 21. 3821302 (Fundamental Accounting Principles) 8 ( , , 2544, 96-116) 2.1. 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.1.7 2.2 2.3 22. 3821302 (Fundamental Accounting Principles) 9 2.3.1 2.3.2 2.4 4 2.4.1 (understandability) 2.4.2 (relevance) (materiality) 2.4.3 (reliability) 5 23. 3821302 (Fundamental Accounting Principles) 10 1) (faithful representation) 2) (substance over form) 3) (neutrality) 4) (prudence) 5) (completeness) 2.4.4 (comparability) 2.5 2.6 2.6.1 2.6.2 2.7 24. 3821302 (Fundamental Accounting Principles) 11 2.7.1 (historical cost) 2.7.2 (current cost) 2.7.3 (realizable cost) 2.7.4 (present value) 2.8 2 2.8.1 (financial capital maintenance) 2.8.2 (physical capital maintenance) 1.1 25. 3821302 (Fundamental Accounting Principles) 12 1.1 (, 2546, 47) 26. 3821302 (Fundamental Accounting Principles) 13 1. Financial Accounting Standard Board (FASB) AICPA 2. The American Institute of Certified Public Accountants (AICPA) 3. The American Accounting Association (AAA) 4. Asean Federation of Accountants (AFA) 5. (Federation of Accounting Professions) .. 2547 (, 2547, 2-3) (2545, 1-14) (2541, 75) 27. 3821302 (Fundamental Accounting Principles) 14 .. 2547 4 (, 2547, 14) 1. 2. 3. 4. (profession of accounting ethics) (financial statements) (accounting period) 3 6 1 1 1 31 1 1 30 28. 3821302 (Fundamental Accounting Principles) 15 () () 1 (2552) 1. 2. 2 2.1 - () 2.2 - + () 3. 4. 5. 6. (, 2546,447) ( , , , 2548, 17) 29. 3821302 (Fundamental Accounting Principles) 16 (Statement of Financial Position) ( ) = + ( , 2548, 30) (assets) (, 2549, 3) 2 (,2546, 17) 1. 2. 3. 12 () 4. 12 () 12 () () 1.1 (current assets) 12 ( , 2546, 450) 1.1.1 (, 2549, 7) (coins) (currency) (travelers checks) (bank drafts) (money orders) 30. 3821302 (Fundamental Accounting Principles) 17 1.1.2 (cashequivalents) (, 2549, 8) (treasury bills) (money market funds) (commercial paper) ( 3 ) 1.1.3 ( , , 2544, 246 247) 1.1.4 (receivable) 1 2 (account receivable trade receivable) (other receivable non trade receivable) 1.1.5 (notes receivable) ( , 2538, 68) (promissory note) (bill of exchange) 1.1.6 (accrued income) 1.1.7 (inventories) (, 2549, 39) 1.1.8 (prepaid expenses) ( , 2538, 74) 1.2 (non current assets) 1.2.1 (long term investment) 1 31. 3821302 (Fundamental Accounting Principles) 18 (, 2549, 46) 1.2.2 (investment property) 1.2.3 (property ,plant and equipment) 1.2.4 (intangible assets) (, 2549, 37) (copyrights) (patents) (trademarks) (franchises) (Trademarks) (goodwill) (lease hold) 1.2.5 1.2.6 (other non current assets) (liabilities) (, 2549, 45) 2 (,2546,18) 2.1 (current liabilities) 12 () 1. 2. 3. 12 () 4. 12 () 32. 3821302 (Fundamental Accounting Principles) 19 = - 2.1.1 (bank overdrafts and short term loan) 2.1.2 (trade and other payables) (unearned revenue) (accrued expenses) 2.1.3 2.1.4 2.1.5 (tax payables) 2.1.6 (short-term provisions) 2.1.7 (other current liabilities) 2.1.8 2.2 (non current liability) 12 () (owners equities) (, 2549, 21) 33. 3821302 (Fundamental Accounting Principles) 20 XX () XX XX XX XX : XX XX XX XX () XX XX (shareholders equity) XX XX () XX () XX XX XX XX XX XX XX 34. 3821302 (Fundamental Accounting Principles) 21 2 (account form) T (T account) 2 1.1 1.2 1.3 1.4 1.5 () ( ) 2.1 31 25X1 228,000 158,000 240,000 345,000 56,000 220,000 2,000 54,000 18,000 25,000 25,000 547,000 150,000 3,000 280,000 919,000 450,000 - 55,000 395,000 300,000 144,000 50,000 - 48,000 96,000 350,000 250,000 1,269,000 65,000 35. 3821302 (Fundamental Accounting Principles) 22 22,000 400,000 1,108,000 75,000 475,000 89,000 386,000 1,655,000 1,655,000 (report form) 2.1 2.2 2.3 2.4 2.2 31 25X1 228,000 240,000 56,000 2,000 54,000 25,000 547,000 280,000 450,000 55,000 395,000 36. 3821302 (Fundamental Accounting Principles) 23 144,000 48,000 96,000 250,000 65,000 22,000 1,108,000 1,655,000 158,000 345,000 220,000 18,000 25,000 150,000 3,000 919,000 300,000 50,000 350,000 1,269,000 400,000 75,000 475,000 89,000 386,000 1,655,000 (Statement of Comprehensive Income) () 37. 3821302 (Fundamental Accounting Principles) 24 = () 2 ( ) 1. 2. 3. 4. 5. (Revenues () ( 2549, 61) (, 2549, 22) (, 2549, 26) 2 1.1 (revenues from sales or revenues from services ) 1.2 (other revenue) 38. 3821302 (Fundamental Accounting Principles) 25 (Expenses) ( 2538, 45) (, 2549, 23) (, 2549, 26-27) 1. (cost of the sale of goods and the rendering opf services) 2. (selling expenses) 3. (administrative expenses) 4. (other expenses) 5. (finance cost) 2 1. (by nature) 39. 3821302 (Fundamental Accounting Principles) 26 2. (by function) 2.1. (Single Step Form) 2.2. (Multiple Step Form) (Single Step) ( ) xx xx xx (xx) (xx) (xx) (xx) (xx) (xx) () xx (xx) () xx (xx) () xx (Multiple Step) xx (xx) () xx (xx) () xx (xx) 40. 3821302 (Fundamental Accounting Principles) 27 (xx) (xx) (xx) () xx (xx) xx (xx) () xx ( : ) () : 25X2 25X1 1. 1.1 1.2 1.3. ------------------------------------ 2. () 3. 4. () ............ * - 1 31 25x2 : 25X2 25X1 () () 41. 3821302 (Fundamental Accounting Principles) 28 () () () * ............ 1 31 25x2 : 25X2 25X1 () () () () 42. 3821302 (Fundamental Accounting Principles) 29 (statement of changes in equity) (, 2546, 16) ( , 2545, 2 9) . 31 25X2 : () () 25X0 () () 25X0 () () 25X0 43. 3821302 (Fundamental Accounting Principles) 30 () () 25X1 () () 25X1 ( : ) (cash flow statement) (, 2546, 16) 25 (, 2546, 108) (operating activities) (investment activities) (financing activities) (cash inflows) (cash outflows) 3 1. 2. 3. 44. 3821302 (Fundamental Accounting Principles) 31 25 2 2.3 31 .. 25X1 : 860,000 120,000 (355,000) (159,400) (62,700) (146,800) 256,100 80,000 (30,000) (210,000) (160,000) 100,000 30,000 (8,000) (200,000) (78,000) 18,100 1 25X1 50,000 31 25X1 68,100 (, 2546, 126-127) 45. 3821302 (Fundamental Accounting Principles) 32 2.4 31 .. 25X1 : 320,100 () / 57,200 4,800 2,300 18,000 13,200 6,000 12,500 (20,000) (48,000) (85,000) (25,000) (64,000) 256,100 80,000 (30,000) (210,000) (160,000) 100,000 30,000 (8,000) (200,000) (78,000) 18,100 1 25X1 50,000 31 25X1 68,100 46. 3821302 (Fundamental Accounting Principles) 33 62,700 146,800 (, 2546, 132-133) 35 1. 39 ( , 2546, 142) (accounting policy) 1.1 1.1.1 1) 2) 3) 4) 5) 47. 3821302 (Fundamental Accounting Principles) 34 1.1.2 1) 2) 3) 1) 2) 2. (footnotes to financial statement) 2.1 35 (, 2546, 460) 2.2 2.2.1 2.2.2 2.2.3 2.3 1) 2) 3) 4) 5) 6) 7) () 48. 3821302 (Fundamental Accounting Principles) 35 1. 1.1 (planning) 1.2 (decision making) 1.3 (controlling) 2. 3. 14 130 (.. 2455) 49. 3821302 (Fundamental Accounting Principles) 36 .. 2543 .. 2543 50. 3821302 (Fundamental Accounting Principles) 37 1. 2. 3. 4. .. 2543 5. .. 2543 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 1 25X1 9,900 25X1 8,350 3,560 7,860 13,000 13,000 26,000 ? ? ? 27,000 42,000 35,400 - 2,080 4,200 18,500 26,070 15,000 980 - 1,700 4,900 7,400 2,400 3,000 12,000 - - 2,000 4,500 : 1. 2. 3. 31 30 31 25X1 51. 3821302 (Fundamental Accounting Principles) 38 18. 31 25X1 32,000 26,700 18,300 9,230 160,000 15,450 31,800 4,800 ? : 1. 2. 3. 19. 31 25X1 200,000 170,000 450,000 50,000 45,000 36,000 150,000 650,000 140,000 82,000 97,000 : 52. 3821302 (Fundamental Accounting Principles) 39 20. 31 25X1 84,000 58,700 105,000 154,700 231,660 925,000 350,000 - 400,000 25,000 21,000 8,500 25,000 32,000 3,340 17,500 360,000 13,000 : 1. 31 25X1 2. 53. 3821302 (Fundamental Accounting Principles) 40 21. 1.258,000 2,500 8,750 105,000 89,500 9,200 - - - 45,000 2,000 4,500 80.000 6.780 3.295 415,000 25,000 100,000 60,000 1.250 2.250 22. - 885.800 - - - 72.000 48.000 12,000 3,500 4,800 60,000 60.000 16.000 2.150 5,950 2.980 54. 3821302 (Fundamental Accounting Principles) 41 2.580 1.895 4.550 1.200 6.850 251.250 ........................... * - 1 31 25xx : .... . () ... .. . ... .... . () ................................. . . . . . ....... .... .... () .... .... . .. () . 55. 3821302 (Fundamental Accounting Principles) 42 23. 615,800 - - - 11.000 3.150 4.450. 48.000 72.000 96.000 5.950 2.500 36.000 2.870 3.215 2.255 3.485 985,2000 5,890 1.200 5.950 ........................... * - 1 31 25xx : .... . () ... .. . ... .... . 56. 3821302 (Fundamental Accounting Principles) 43 () ................................. . . . . . ....... .... .... () .... .... . .. () . 24. 960,000 50,000 390,000 155,200 22,400 36,800 180,000 50,000 559,000 100,000 30,000 8,000 200,000 1 25X1 50,000 31 25X1 ????......................... 57. 3821302 (Fundamental Accounting Principles) 44 ........................... 1 31 25xx .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. ........................................................................................................................... .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. ................................................................................................................................... .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. .................................................................................................................................................................................. ............................................................................................................................ .................................................................................................................................................... 1 25xx.................................................................................................................................. 31 25xx...????......................... 58. 2 (account) 3 (left or debit side) (right or credit side) (debit balance) (credit balance) (Weygandt, Kieso, &Kimmel, 2005, p. 45) 59. 3821302 (Fundamental Accounting Principles) 46 (accounting concept) ( , , 2544, 57) 1. (business transaction) 2 2. 3. 4. 60. 3821302 (Fundamental Accounting Principles) 47 (, 2546, 7) (2546, 7) 3 1. 2. ( 1 ) 3. 1. 2. 3. () 4. 5. 61. 3821302 (Fundamental Accounting Principles) 48 (accounting equation) ( ,2538, 5) 1. (Warren, Reeve, & Fees, 2002, p.11) = assets liabilities = owners equity or net assets 1.1 2 1.2 1.3 = + 3.1 10,000 = 100,000 = 100,000 3.2 100,000 20,000 80,000 - = 100,000 - 20,000 = 80,000 62. 3821302 (Fundamental Accounting Principles) 49 2. () = - () () = + + ( ) 2 1. 2 2. 3. 63. 3821302 (Fundamental Accounting Principles) 50 1 300,000 1. (+) 300,000 2. (+) 300,000 = + = - + 300,000 = - + 300,000 2 100,000 30,000 1. (+) 100,000 2. (-)30,000 3. (+) 70,000 = + = - -30,000 + 100,000 = + 70,000 - 3 5,000 1. (+)5,000 2. (-)5,000 = + - 5,000 + 5,000 - - 4 8,000 1. (+)8,000 2. ()(+)8,000 64. 3821302 (Fundamental Accounting Principles) 51 = + = - + 8,000 = - + 8,000 5 10,000 1. (+)10,000 2. ()(+)10,000 = + = - + 10,000 = - + 10,000 6 13,000 1. ()(-) 13,000 2. (-)13,000 = + = - - 13,000 = - - 13,000 7 50,000 1. (-)50,000 2. (-)50,000 = + = - - 50,000 = - 50,000 - 65. 3821302 (Fundamental Accounting Principles) 52 8 5,000 1. (+)5,000 2. (-)5,000 = + - - + 5,000 - 5,000 - - 9 3,000 1. ()(-) 3,000 2. (-)3,000 = + = - - 3,000 = - - 3,000 9 3.1 = + 1) +300,000 +300,000 2) -30,000 +100,000 +70,000 3) -5,000 +5,000 4) +8,000 +8,000 () 5) +10,000 +10,000 () 6) -13,000 -13,000 () 66. 3821302 (Fundamental Accounting Principles) 53 = + 7) -50,000 -50,000 8) +5,000 -5,000 9) -3,000 _______ ______ ________ _______ -3,000 () 212,000 5,000 5,000 100,000 20,000 302,000 322,000 322,000 31 25X1 : 212,000 20,000 5,000 5,000 222,000 302,000 100,000 322,000 322,000 1 31 25X1 : 18,000 13,000 3,000 16,000 2,000 67. 3821302 (Fundamental Accounting Principles) 54 (2548, 36) (double entry accounting) , (Weygandt, Kieso, & Kimmel, 2005, pp. 46-47) 2 2 compound entry 1. 1.1 () 1.2 () 2. (+) (-) 68. 3821302 (Fundamental Accounting Principles) 55 (-) (+) (-) (+) (-) (+) (+) (-) (+) (-) (-) (-) (+) (-) (+) (+) (+) (-) 3. 3.1 (+) 3.1.1 3.1.2 3.1.3 69. 3821302 (Fundamental Accounting Principles) 56 = + (+) (+) (+) (-) 3.2.1 3.2.2 3.2.3 = + (-) (-) (-) 1 300,000 300,000 300,000 (1) 300,000 (1) 300,000 70. 3821302 (Fundamental Accounting Principles) 57 2 100,000 30,000 100,000 30,000 70,000 (2) 30,000 (2) 100,000 (2) 70,000 3 5,000 5,000 5,000 (3) 5,000 (3) 5,000 71. 3821302 (Fundamental Accounting Principles) 58 4 8,000 8,000 8,000 (4) 8,000 (4) 8,000 5 10,000 10,000 10,000 (5) 10,000 (5) 10,000 6 13,000 13,000 13,000 (6) 13,000 72. 3821302 (Fundamental Accounting Principles) 59 (6) 13,000 7 50,000 50,000 50,000 (7) 50,000 (7) 50,000 8 5,000 5,000 5,000 (8) 5,000 (8) 5,000 9 3,000 3,000 3,000 73. 3821302 (Fundamental Accounting Principles) 60 (9) 3,000. (9) 3,000 single journal entry 1, 3, 4, 5, 6, 7 8 compound journal entry 2 (1) (4) (8) 300,000 8,000 5,000 (2) (3) (6) (7) (9) 30,000 5,000 13,000 50,000 3,000 (5) 10,000 (8) 5,000 (3) 5,000 (2) 100,000 74. 3821302 (Fundamental Accounting Principles) 61 (7) 50,000 (2) 70,000 (1) 300,000 (4) (5) 8,000 10,000 (6) 13,000 (9) 3,000 (chart of accounts) ( , , 2545, 57) 1. (numerical or alphabetic sequence codes) 75. 3821302 (Fundamental Accounting Principles) 62 1 A 2 B 3 C 4 D 5 E 2. (block numerical codes) 100 199 101 102 200 299 201 202 300 399 400 499 500 599 3. (group numerical codes) 100 110 111 130 131 132 200 300 400 500 4. (decimal codes) 1. 1.01 1.02 1.10 1.20 76. 3821302 (Fundamental Accounting Principles) 63 5. (numerical sequence preceded by an alphabet reference) CA 11 FA 11 FA 12 CL 12 DE 11 ( 1) 101 102 103 104 105 106 107 ( 2) 201 202 ( 3) 301 () 302 ( 4) 401 402 ( 5) 501 502 503 77. 3821302 (Fundamental Accounting Principles) 64 (2538, 5) (accounting cycle) 4.1 1. 2. 8. 7. 6. 5. 3. 4. 78. 3821302 (Fundamental Accounting Principles) 65 2 1. (book of original entry) (journal) 2 1.1 (special journal) 1.1.1 (purchase journal) 1.1.2 (sale journal) 1.1.3 (purchase returns journal) 1.1.4 (sale returns journal) 1.1.5 (cash receipts journal) 1.1.6 (cash payment journal) 1.1.7 (cash book) 1.2 (general journal) 3 1.2.1 1.2.2 1.2.3 ( ) . . 79. 3821302 (Fundamental Accounting Principles) 66 1. 2. 3. 2. (book of final entry) (ledger) (2548, 86) 2 2.1 (general ledger) () 2.2 (subsidiary ledger) 2.2.1 (account payable ledger) 2.2.2 (accounting receivable ledger) (2548, 84) 2 1. (standard account form) ............................. .......... . . (1) (2) (3) (4) (1) (2) (3) (4) 2 80. 3821302 (Fundamental Accounting Principles) 67 (1) (2) (3) (4) 2. (balance account form) 3 (three column account) ............................. .......... . . . (1) (2) (3) (4) (5) (6) (1) (2) (3) (4) (5) (6) 1. 2. 3. 1 81. 3821302 (Fundamental Accounting Principles) 68 4. 1 5. 6. (opening entry) 2.1 1 25X1 200,000 2 12,500 1 25X1 . . .. 1 200,000 - 25,000 - - 225,000 - () 2.2 1 25X1 100,000 120,000 5,000 25,000 50,000 200,000 82. 3821302 (Fundamental Accounting Principles) 69 1 25X1 . . .. 1 100,000 - 120,000 - 5,000 - 25,000 - 50,000 - - 200,000 - 2.3 1 25X1 1 200,000 2 12,500 1. 200,000 2. 25,000 3. 225,000 1 25X1 . . .. 1 200,000 - 25,000 - - 225,000 - 1 83. 3821302 (Fundamental Accounting Principles) 70 5 7,500 1. 7,500 2. 7,500 1 25X1 . . .. 5 7,500 - 7,500 - 9 62,000 1. 62,000 2. 62,000 1 25X1 . . .. 9 62,000 - 62,000 - 10 325,000 12 12 10 22 1. 75,000 2. 75,000 84. 3821302 (Fundamental Accounting Principles) 71 1 25X1 . . .. 12 75,000 - 75,000 - 13 9,000 1. 9,000 2. 9,000 1 25X1 . . .. 13 9,000 - 9,000 - 18 5,000 1. 5,000 2. 5,000 1 25X1 . . .. 18 5,000 - 5,000 - 22 30,000 1 1. 75,000 85. 3821302 (Fundamental Accounting Principles) 72 2. 30,000 3. 45,000 1 25X1 . . .. 22 75,000 - 30,000 - 45,000 - 30,000 1 25 . 11,200 1. 11,200 2. 11,200 1 25X1 . . .. 25 11,200 - 11,200 - . 28 20,000 1. 20,000 2. 20,000 1 25X1 . . .. 28 20,000 - 20,000 - 86. 3821302 (Fundamental Accounting Principles) 73 31 35,000 2,000 1. 35,000 2. 2,000 3. 37,000 1 25X1 . . .. 31 35,000 - 2,000 - 37,000 - 1 25X1 31 25X1 1 25X1 . . .. 1 200,000 - 25,000 - - 225,000 - 5 7,500 - 7,500 - 9 62,000 - 62,000 - 12 75,000 - 75,000 - 87. 3821302 (Fundamental Accounting Principles) 74 2 25X1 . . .. 13 9,000 - 9,000 - 18 5,000 - 5,000 - 22 75,000 - 30,000 - 45,000 - 30,000 1 25 11,200 - 11,200 - . 28 20,000 - 20,000 - 31 35,000 - 2,000 - 37,000 - (posting) 1. 88. 3821302 (Fundamental Accounting Principles) 75 1.1. 1.2. 1.3. 1.4. 1.5. () 1.6. 2.4 1 25X1 . . .. 2 101 200,000 - - 301 200,000 - 101 25X1 .. 2 .1 200,000 - 301 25X1 ..2 .1 200,000 - 1. 2 101 301 2. 89. 3821302 (Fundamental Accounting Principles) 76 25X1 .. 2 .1 1 101 200,000 3. 25X1..2 .1 1 301 200,000 2.5 2.3 101 199 101 129 101 102 105 131 149 131 133 200 299 201 229 201 202 230 249 300 399 301 302 311 90. 3821302 (Fundamental Accounting Principles) 77 400 499 401 500 599 501 502 503 1 25X1 . . .. 1 101 200,000 - 131 25,000 - 301 225,000 - 5 133 7,500 - 101 7,500 - 9 101 62,000 - 401 62,000 - .. 12 131 75,000 - 201 75,000 - 91. 3821302 (Fundamental Accounting Principles) 78 2 25X1 . . .. 13 502 9,000 - 101 9,000 - 18 105 5,000 - 201 5,000 - 22 201 75,000 - 101 30,000 - 202 45,000 - 30,000 1 25 102 11,200 - 401 11,200 - . 28 302 20,000 - 101 20,000 - 31 501 35,000 - 503 2,000 - 101 37,000 - 92. 3821302 (Fundamental Accounting Principles) 79 101 25X1 .. 1 9 .1 .1 200,000 62,000 - - 25X1 .. 5 13 22 28 31 .1 .2 .2 .2 .2 .2 7,500 9,000 30,000 20,000 35,000 500 - - - - - - 103 25X1 .25 .2 11,200 - 105 25X1 .18 .2 5,000 - 131 25X1 .. 1 12 .1 .1 25,000 75,000 - - 133 25X1 .. 5 .1 7,500 - 93. 3821302 (Fundamental Accounting Principles) 80 201 25X1 .. 22 .2 .2 30,000 45,000 - - 25X1 ..12 18 .1 .2 75,000 5,000 - - 202 25X1 ..22 .2 45,000 - 301 25X1 .. 1 .1 .1 200,000 25,000 - - 302 25X1 ..28 .2 20,000 - 401 25X1 .. 9 25 .1 .2 62,000 11,200 - - 501 25X1 ..31 .2 35,000 - 94. 3821302 (Fundamental Accounting Principles) 81 502 25X1 ..13 .2 9,000 - 503 25X1 ..31 .2 500 - 2. (pencil footing) 2.1 2.2 2.3 (debit balance) (credit balance) 2.4 2.4.1 2.4.2 2.4.3 2.4.4 2.4.5 2.5 0 95. 3821302 (Fundamental Accounting Principles) 82 2.6 1 2.6 101 25X1 .. 1 9 160,000 .1 .1 200,000 62,000 262,000 - - 25X1 .. 5 13 22 28 31 .1 .2 .2 .2 .2 .2 7,500 9,000 30,000 20,000 35,000 500 102,000 - - - - - - - 103 25X .25 11,200 .2 11,200 11,200 - - 105 25X .18 5,000 .2 5,000 5,000 - - 131 25X1 .. 1 12 100,000 .1 .1 25,000 75,000 100,000 - - - 96. 3821302 (Fundamental Accounting Principles) 83 133 25X1 .. 5 7,500 .1 7,500 7,500 - - 201 25X1 ..22 .2 .2 30,000 45,000 75,000 - - - 25X1 ..12 18 5,000 .1 .2 75,000 5,000 80,000 - - - 202 25X1 ..22 45,000 .2 45,000 45,000 - - 301 25X1 .. 1 225,000 .1 .1 200,000 25,000 225,000 - - - 302 25X1 ..28 20,000 .2 20,000 20,000 - - 97. 3821302 (Fundamental Accounting Principles) 84 401 25X1 .. 9 25 73,200 .1 .2 62,000 11,200 73,200 - - - 501 25X1 ..31 35,000 .2 35,000 35,000 - - 502 25X1 ..13 9,000 .2 9,000 9,000 - - 503 25X1 ..31 500 .2 500 500 - - (trail balance) ( , 2538, 89) 98. 3821302 (Fundamental Accounting Principles) 85 ............ .................. .............. 1. 1.1 1.2 1.3 1.4 2. 2.1. 2.2. 2.3. 2.4. 2.5. 99. 3821302 (Fundamental Accounting Principles) 86 2.7 2.6 31 25X1 101 103 105 131 133 201 202 301 302 401 501 502 503 160,000 11,200 5,000 100,000 7,500 20,000 35,000 9,000 500 - - - - - - - - - 5,000 45,000 225,000 73,200 - - - - 348,200 - 348,200 - 1. 2. 980 890 890 890 3. 10,000 10,000 10,000 10,000 3. 100. 3821302 (Fundamental Accounting Principles) 87 3.1. 1,200 1,200 120 3.2. 2,500 2,500 2,500 3.2.1. 2 2,500 3.2.2. 2,500 2,500 3.2.3. 5,200 2,500 3.3. 3.3.1 3.3.2 3.3.3 3.3.4 3.3.5 4. 4.1. 4.2. 4.2.1 4.2.2 4.2.3 4.3. 4.4. 4.4.1 4.4.2 4.4.3 4.5. 4.5.1 4.5.2 5. 101. 3821302 (Fundamental Accounting Principles) 88 5.1 1 10 100 5.2 2 5.3 9 1 2 3 228 282 54 9 6 (8) (2) 2,350 2,530 180 9 20 2 (5) (3) 5.4 = + 102. 3821302 (Fundamental Accounting Principles) 89 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. ( = + ) 1) 10,000........... 2) 130,000 105,000 ................ 3) 68,000 150,000 .................. 4) 185,000 48,000 210,000 () ...................... 5) 210,000 80,000 6,000 ........................... 12. 1. 120,000 2. 70,000 3. 1,350 4. 4,500 5. 3,540 103. 3821302 (Fundamental Accounting Principles) 90 6. 2,600 7. 1,500 8. 6 9. 1,100 10. 2,200 : = + 1. +120,000 +120,000 2. . . 3. . . 4. . . 5. . . 6. . . 7. . . 8. . . 9. . . 10. . . 13. 25X1 25X1 .. 2 65,000 3 31,000 5 750 7 7,500 10 55,000 104. 3821302 (Fundamental Accounting Principles) 91 14 800 16 6,400 20 24,000 10,000 25 12,000 30 7,500 31 2,300 6,000 : 25X1 .. 2 + + 65,000 65,000 3 5 7 10 14 16 20 25 30 31 105. 3821302 (Fundamental Accounting Principles) 92 14. 1 25X1 265,200 85,600 179,600 25X1 .. 3 2,350 4 8,600 5 3,500 9 3 26,000 10 9,500 12 16,800 18 9,000 25 5,000 30 3,800 : 1. 106. 3821302 (Fundamental Accounting Principles) 93 2. ..1 265,200 85,600 179,600 15. 25X1 .. 1 1 750,000 1 15% 4 200,000 6 89,000 9 1,200 10 15,000 12 3,800 16 85,000 23 45,000 25 75,000 1 1 25X1 28 600 29 4,250 31 15,500 : 1. 13 2. 107. 3821302 (Fundamental Accounting Principles) 94 16 . 1 25X1 25X1 25X1 .. 1 250,000 3 3,500 5 40,000 7 12,850 10 3 18 2,000 20 500 22 65,000 26 1,250 30 6,300 : 17. 25X1 .. 3 250,000 4 130,000 6 12,000 9 5,000 10 23,000 2 25,000 20 12 6,500 18 1,300 20 10 22 50,000 24 1,000 26 25,000 27 200 800 31 18,000 : 1. 2. 3. 108. 3821302 (Fundamental Accounting Principles) 95 4. 18. 25X1 .. 1 450,000 300,000 3 20,000 5 250 7 120,000 48,000 20 9 50,00 10 23,000 7,000 13 1,200 6 25X1 17 10 25X1 18 20,000 22 35,000 27 30 250 1,400 2,760 7,500 101 202 102 301 - 103 302 - 104 401 105 501 106 502 107 503 201 504 505 : 1. 2. 3. 4. 30 25X1 5. 30 25X1 109. 3821302 (Fundamental Accounting Principles) 96 6. 1 30 25X1 19. 25X1 .. 1 220,000 3 7,000 4 20,000 5 85,000 30,000 3 7 850 10 750 15 6,300 500 20 25,000 25 15 28 8,000 31 3,125 : 1. 2. 110. 3821302 (Fundamental Accounting Principles) 97 .................. .............. . . . 111. 3821302 (Fundamental Accounting Principles) 98 ........................................................ .................. ... . ... . 112. 3 (adjusting the accounts) 2 (adjusting entries) ( , 2546, 53) (correcting entries) (Weygandt, Kieso, & Kimmel, p. 149) (closing entries) (accrual basis) 1. 2. 3. 4. 113. 3821302 (Fundamental Accounting Principles) 100 5. 6. 7. 1. (prepaid expenses) 2 1.1 1.2 3.1 1 25X1 6,000 1 5 = 2,500 7 = 3,500 1 .. 25X1 31 .. 25X1 1 .. 25X2 25X1 (1 31 25X1) = 6,000 x 12 5 = 2,500 25X2 (1 31 25X2) = 6,000 x 12 7 = 3,500 1 1 25X1 . . .. 1 1 1 25X1 31 25X2 104 101 6,000 - 6,000 - 114. 3821302 (Fundamental Accounting Principles) 101 115 25X1 . . .. 31 25X1 (1 .. 31 .. 25X1 = 6,000 x 12 5 = 2,500) 506 104 2,500 - 2,500 - 101 25X1 25X1 .. 1 .. 1 .1 6,000 - 104 25X1 25X1 .. 1 .1 6,000 - .. 31 .115 2,500 - 506 25X1 .. 31 .115 2,500 - 115. 3821302 (Fundamental Accounting Principles) 102 2 1 25X1 . . .. 1 1 1 25X1 31 25X2 506 101 6,000 - 6,000 - 115 25X1 . . .. 31 104 506 3,500 - 3,500 - 101 25X1 .. 1 .1 6,000 - 104 25X1 .. 1 .1 3,500 - 506 116. 3821302 (Fundamental Accounting Principles) 103 25X1 .. 1 .1 6,000 - 25X1 .. 31 .115 3,500 - 2 31 25X1 3,500 25X1 2,500 25X1 2. (unearned revenues) 2 2.1 2.2 3.2 1 25X1 48,000 6 25X1 25X2 4 = 32,000 2 = 16,000 1 .. 25X1 31 .. 25X1 28 .. 25X2 25X1 (1 .. 25X1 31 .. 25X1 = 48,000 x 6 4 ) = 32,000 25X2 (1 .. 25X2 28 .. 25X2 = 48,000 x 6 2 ) = 16,000 117. 3821302 (Fundamental Accounting Principles) 104 1 1 25X1 . . .. 1 6 25X1 25X2 101 206 48,000 - 48,000 - 115 25X1 . . .. 31 4 206 401 32,000 - 32,000 - 101 25X1 .. 1 .1 48,000 - 206 25X1 25X1 .. 31 .115 32,000 - .. 1 .1 48,000 - 118. 3821302 (Fundamental Accounting Principles) 105 401 25X1 .. 31 .115 32,000 - 2 1 25X1 . . .. 1 6 25X1 25X2 101 401 48,000 - 48,000 - 115 25X1 . . .. 31 2 401 206 16,000 - 16,000 - 101 25X1 .. 1 .1 48,000 - 119. 3821302 (Fundamental Accounting Principles) 106 206 25X1 ..31 .115 16,000 - 401 25X1 .. 31 .115 16,000 - 25X1 .. 1 .1 48,000 - 2 31 25X1 16,000 32,000 3. (accrued revenues) 3.3 1 25X1 31 25X1 3,000 115 25X1 . . .. 31 2 104 402 3,000 - 3,000 - 120. 3821302 (Fundamental Accounting Principles) 107 104 25X1 .. 31 .1 3,000 - 401 25X1 ..31 .1 3,000 - 31 25X1 3,000 3,000 4. (accrued expenses) 3.4 1 25X1 100,000 12% 3 1 25X2 31 25X1 1 25X1 31 25X1 2,000 (100,000 x 12% x 12 2 ) 115 25X1 . . .. 31 25X1 508 208 2,000 - 2,000 - 121. 3821302 (Fundamental Accounting Principles) 108 208 25X1 ..31 . 115 2,000 - 508 25X1 .. 31 .115 2,000 - 31 25X1 2,000 2,000 5. (supplies) 2 5.1 5.2 3.5 9,000 15 25X1 31 25X1 2,000 1 1 25X1 . . .. 15 106 101 9,000 - 9,000 - 122. 3821302 (Fundamental Accounting Principles) 109 115 25X1 . . .. 31 504 106 7,000 - 7,000 - 101 25X1 . 15 .1 9,000 - 106 25X1 25X1 . 15 .1 9,000 - ..31 .115 7,000 - 504 25X1 .. 31 .115 7,000 - 123. 3821302 (Fundamental Accounting Principles) 110 2 1 25X1 . . .. 15 504 101 9,000 - 9,000 - 115 25X1 . . .. 31 106 504 2,000 - 2,000 - 101 25X1 . 15 .1 9,000 - 106 25X1 .. 31 .115 2,000 - 124. 3821302 (Fundamental Accounting Principles) 111 504 25X1 25X1 .. 15 .1 9,000 - .. 31 .115 2,000 - 2 31 25X1 2,000 7,000 6. (Depreciation) (,2538 ,42) (,2544,340) xx xx (depreciation expense ) (accumulated depreciation) (valuation account) 125. 3821302 (Fundamental Accounting Principles) 112 (book value) 6.1 6.1.1 (cost) (cost of assets) 6.1.2 (estimated useful life) 6.1.3 (salvage value scrap value residual value) 6.2 (depreciation method) (, 2546,350) 6.2.1 (straight- line method) = - = 100% = x% 3.6 1 .. 25x6 800,000 80,000 5 31 25x6 126. 3821302 (Fundamental Accounting Principles) 113 = 5 80,000)-(800,000 = 144,000 25x6 6 25x6 = 144,000 12 6 = 72,000 25x6 . . .. 31 - - - 72,000 - 72,000 - 3.7 1 640,000 1 25X1 10 90,000 = - = 10 90,000-640,000 = 55,000 / 115 25X1 . . .. 31 - - 25X1 507 108 55,000 - 55,000 - - 507 25X1 .. 31 - .115 55,000 - 127. 3821302 (Fundamental Accounting Principles) 114 - 108 25X1 .. 31 .115 55,000 - 31 25X1 : .............................. 640,000 55,000 585,000 .............................. 31 25X2 110,000 ( + 25X2) 55,000 + 55,000 = 110,000 31 25X2 : .............................. 640,000 110,000 530,000 128. 3821302 (Fundamental Accounting Principles) 115 6.2.2 ( declining balance method) 2 6.2.2.1 ( double declining balance method) 2 = 2 3.8 1 .. 25x3 800,000 80,000 5 31 = 5 100% = 20% = 2 20% = 40% 800,000 1 800,00040% 320,000 320,000 480,000 2 480,00040% 192,000 512,000 288,000 3 288,00040% 115,200 627,200 172,800 4 172,80040% 69,120 696,320 103,680 5 103,680-80,000 23,680 720,000 80,000 31 129. 3821302 (Fundamental Accounting Principles) 116 31 31 25x3 160,000 160,000 640,000 6 (1 -31 25x3) 25x4 256,000 416,000 384,000 25x5 153,600 569,600 230,400 25x6 92,160 661,760 138,240 25x7 46,400 708,160 91,840 25x8 11,840 720,000 80,000 ( 30 25x8) 6 (1-3025x8) 25x3 = 320,000 12 6 = 160,000 25x4 = (320,000 12 6 )+ (192,000 12 6 ) = 160,000 + 96,000 = 256,000 25x5 = (192,000 12 6 ) +(115,200 12 6 ) = 96,000 + 57,600= 153,600 25x6 = (115,200 12 6 )+(69,120 12 6 ) =57,600 + 34,560 =92,160 25x7 = (69,120 12 6 )+(23,680 12 6 ) = 34,560 +11,840=46,400 25x8 = (23,680 12 6 ) =11,840 31 25x3 25x3 . . .. 31 - - - 160,000 - 160,000 - 6.2.2.2 (sum -of-the-year-digits method) 130. 3821302 (Fundamental Accounting Principles) 117 = ( ) = = 2 1)n(n+ (n ) 3.9 1 .. 25x3 800,000 80,000 5 31 800,000 1 (800,000-80,000) 15 5 240000 240,000 560,000 2 (800,000-80,000) 15 4 192,000 432,000 368,000 3 (800,000-80,000) 15 3 144,000 576,000 224,000 4 (800,000-80,000) 15 2 96,000 672,000 128,000 5 (800,000-80,000) 15 1 48,000 720,000 80,000 = 5 + 4 + 3 + 2 + 1 = 15 131. 3821302 (Fundamental Accounting Principles) 118 31 31 31 25x3 120,000 120,000 680,000 6 (1 -31 25x3) 25x4 216,000 336,000 464,000 25x5 168,000 504,000 296,000 25x6 120,000 624,000 176,000 25x7 72,000 696,000 104,000 25x8 24,000 720,000 80,000 ( 3025x8) 6 (1-3025x8) 25x3 = 240000 12 6 = 120,000 25x4 = (240000 12 6 )+ (192,000 12 6 ) = 120,000 + 96,000 = 216,000 25x5 = (192,000 12 6 ) +(144,000 12 6 ) = 96,000 + 72,000 = 168,000 25x6 = (144,000 12 6 )+(96,000 12 6 ) = 72,000 + 48000 =120,000 25x7 = (96,000 12 6 )+(48,000 12 6 ) = 48,000 +24,000=72,000 25x8 = (48,000 12 6 ) = 24,000 31 25x3 25x3 . . .. 31 - - - 120,000 - 120,000 - 132. 3821302 (Fundamental Accounting Principles) 119 6.2.3 ( unit of output method) = = - 3.10 1 .. 25x6 800,000 80,000 5 200,000 500,000 25x6 70,000 4,500 = 200,000 80,000-800,000 = 3.6 / 25x6 = 4,500 3.6 = 16,200 25x6 . . .. 31 - - - () 16,200 - 16,200 - = 500,000 80,000-800,000 = 1.44 25x6 = 70,000 1.44 = 100,800 133. 3821302 (Fundamental Accounting Principles) 120 25x6 . . .. 31 - - - () 100,800 - 100,800 - 7. 7.1 7.1.1 7.1.2 7.1.3 (allowance for doubtful debt) 7.2 2 7.2.1. (direct write off method) xx xx (Matching Principle Concept) 134. 3821302 (Fundamental Accounting Principles) 121 3.11 6 25X1 7,500 115 25X1 . . .. 6 509 103 7,500 - 7,500 - 103 25X1 .. 6 .115 7,500 - 509 25X1 .. 6 .115 7,500 - 135. 3821302 (Fundamental Accounting Principles) 122 31 25X1 : .............................. 7,500 7.2.2 (Allowance Method) (Doubtful Account) (, 2544, 72) (Allowance for Doubtful Account) (,2544,72-73) xx xx xx xx xx xx 136. 3821302 (Fundamental Accounting Principles) 123 xx xx xx xx xx xx xx xx xx xx 3.12 25x2 137. 3821302 (Fundamental Accounting Principles) 124 ..-.. 400,000 .. 1 18,000 .. 9 70,000 25x1 10,000 .. 8 15,000 () 9, 000 .. 30 8,000 () 25X2 . . .- .. 400,000 - 400,000 - .. 1 18,000 18,000 18,000 18,000 9 10,000 10,000 10,000 10,000 138. 3821302 (Fundamental Accounting Principles) 125 25X2 . . .. 8 ( ) 9,000 9,000 9,000 9,000 .. 30 () 8,000 8,000 7.3 2 7.3.1 2 7.3.1.1 7.3.1.2 7.3.2 3 7.3.2.1 7.3.2.2 139. 3821302 (Fundamental Accounting Principles) 126 7.3.2.3 3.13 31 31 25x2 1, 382,000 ( 80%) () 535, 000 () 2,600 1 ..25x2 2/10, n/90 100,000 12 .. 25x2 2/10, n/45 350,000 23 .. 25x2 2/10, n/60 85,000 1. 2 1,105,600 2%1,105,600 22,112 25X2 . . .. 31 22,112 - 22,112 - 2. 5 5% 535,000 26,750 2,600 26,750-2,600 = 24,150 25X2 . . .. 31 24,150 - 24,150 - 140. 3821302 (Fundamental Accounting Principles) 127 3. 1. 2. 3.3 3.3 1 30 31 60 60 (1) (2) (3) (4)=(1)+(2)+(3) =(4) 3. 4. 1-30 2% 31 60 5% 60 10% 1. 1 ..25x2 2/10,n/90 1 .. 31 .. 152 90 62 141. 3821302 (Fundamental Accounting Principles) 128 12 ..25x2 2/10,n/45 12 .. 31 .. 80 45 35 23 ..25x2 2/10,n/90 23 .. 31 .. 99 90 9 2. 3.4 3.4 1 30 31 60 60 100,000 100,000 350,000 350,000 85,000 85,000 535,000 85,000 350,000 100,000 2% 5% 10% 29,200 1,700 17,500 10,000 3. 29,200 (=1,700+17,500+10,000) 4. 2,600 26,600 (= 29,200 - 2,600 ) 25X2 . . .. 31 26,600 - 26,600 - 142. 3821302 (Fundamental Accounting Principles) 129 xx xx 3.13 8,000 500,000 1 ( 1% 500,000) 5,000 8,000 3,000 25X2 . . .. 31 3,000 3,000 - 3,000 - 505 25x2 .. 31 3,000 - 25x2 .. 31 3,000 - 103.1 25x2 25x2 .. 31 3,000 5,000 - - .. 1 8,000 - 143. 3821302 (Fundamental Accounting Principles) 130 () 31 25x2 .. (3,000) () 31 25x2 . 500,000 5,000 495,000 144. 3.1 1. 25X1 ..1 150,000 5 150,000 150,000 150,000 150,000 1. 150,000 150,000 1 .. 25X1 150,000 150,000 150,000 150,000 131 (AccountingforEconomist) 145. 3821302 (Fundamental Accounting Principles) 134 3.1 () 1. () 150,000 150,000 2. 30,000 - 30,000 (150,000/5 = 30,000) 30,000 30,000 25X1 132 (AccountingforEconomist) 146. 3821302 (Fundamental Accounting Principles) 135 3.1 () 2. 25X1 .. 1 2,500 2,000 2,000 2,500 2,500 1. 500 500 500 500 2,500 2,000 2,000 2,500 133 (AccountingforEconomist) 147. 3821302 (Fundamental Accounting Principles) 136 3.1 () 3. 25X1 .. 5 5,000 5,000 5,000 5,000 5,000 10,000 10,000 10,000 10,000 4. 25X1 .. 30 .. 25X1 9,000 1. 9,000 9,000 1. 9,000 9000 1. 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 134 (AccountingforEconomist) 148. 3821302 (Fundamental Accounting Principles) 135 1 3.15 25X1 31 25X1 () 31 25X1 . .. 101 102 103 106 107 201 202 301 302 401 501 502 503 160,000 11,200 5,000 100,000 7,500 20,000 35,000 9,000 500 - - - - - - - - - 5,000 45,000 225,000 73,200 - - - - 348,200 - 348,200 - 1. 1% 2. .. 25X1 4,000 3. 30,000 4. 3 .. 25X1 5. 25X1 800 6. 5% 149. 3821302 (Fundamental Accounting Principles) 136 1 25X1 .. .. .. 31 504 732 - 102.1 732 - 1% (73,200 X 1% = 732) 505 1,000 - 103 1,000 - 104 30,000 - 401 30,000 - 105 6,000 - 502 6,000 - 2 503 800 - 203 800 - ..25X1 - 504 416 67 - 104.1 416 67 5% (100,000 5% 12 1 = 416.67) - 505 31 25 - 105.1 31 25 ..25X1(7,500 5% 12 1 = 31.25) (adjusted trial balance) ( , 2538, 9) 150. 3821302 (Fundamental Accounting Principles) 137 3.15 () 31 25X1 . . . - - - - 101 102 102.1 103 104 105 106 106.1 107 107.1 201 202 203 301 302 401 501 502 503 504 505 506 507 160,000 11,200 4,000 30,000 6,000 100,000 7,500 20,000 35,000 3,000 1,300 732 1,000 416 31 - - - - - - - - - - - - - 67 25 732 416 31 5,000 45,000 800 225,000 103,200 - 67 25 - - - - - 380,179 92 380,179 92 151. 3821302 (Fundamental Accounting Principles) 138 (working sheet or working paper) 6 8 10 10 ( , , , 2542, 126) 10 152. 3821302 (Fundamental Accounting Principles) 164 .............................................. ....................................................................... 139 (AccountingforEconomist) 153. 3821302 (Fundamental Accounting Principles) 140 1. 2 3 2. 3. 4. () 5. () () 6. 10 3.16 3.16 10 154. 3821302 (Fundamental Accounting Principles) 164 1 31 25X1 101 160,000 - 160,000 - 160,000 - 102 11,200 - 11,200 - 11,200 - 103 5,000 - (2) 1,000 - 4,000 - 4,000 - 106 100,000 - 100,000 - 100,000 - 107 7,500 - 7,500 - 7,500 - 201 5,000 - 5,000 - 5,000 - 202 45,000 - 45,000 - 45,000 - 301 225,000 - 225,000 - 225,000 - 302 20,000 - 20,000 - 20,000 - 401 73,200 - (3)30,00 0 - 103,200 - 103,200 - 501 35,000 - 35,000 - 35,000 - 502 9,000 - (4) 6,000 - 3,000 - 3,000 - 503 500 - (5) 800 - 1,300 - 1,300 - 348,200 - 348,200 - 141 (AccountingforEconomist) 155. 3821302 (Fundamental Accounting Principles) 165 504 (1) 732 - 732 - 732 - 102. 1 (1) 732 - 732 - 732 - 505 (2) 1,000 - 1,000 - 1,000 - 104 (3) 30,000 - 30,000 - 30,000 - 105 (4) 6,000 - 6,000 - 6,000 - 203 (5) 800 - 800 - 800 - - 506 (6) 416 6 7 416 67 416 6 7 - 104. 1 (6) 416 67 416 6 7 416 6 7 - 507 (7) 31 2 5 31 25 31 2 5 - 105. 1 31 25 31 2 5 31 2 5 38,979 9 2 38,979 92 380,179 92 380,17 9 9 2 41,479 9 2 103,200 - 338,700 - 276,979 9 2 61,720 0 8 61,720 0 8 103,200 - 103,200 - 338,700 - 338,700 - 142 (AccountingforEconomist) 156. 3821302 (Fundamental Accounting Principles) 143 2. 2 2.1 2.2 3.17 3.16 31 25X1 : : 103,200.00 : 35,000.00 3,000.00 1,300.00 732.00 1,000.00 - 416.67 - 31.25 41,479.92 61,720.08 157. 3821302 (Fundamental Accounting Principles) 144 31 25X1 : 160,000.00 11,200.00 732.00 10,468.00 4,000.00 30,000.00 6,000.00 210,468.00 100,000.00 - 416.67 99,583.33 7,500.00 - 31.25 7,468.75 107,052.08 317,520.08 5,000.00 45,000.00 800.00 50,800.00 225,000.00 61,720.08 286,720.08 20,000.00 266,720.08 317,520.08 158. 3821302 (Fundamental Accounting Principles) 145 (2548, 30) () 1. XX XX 2. XX XX 3. () () 2 3. 1 XX / XX 3. 2 / XX XX 4. () () () / XX / XX 159. 3821302 (Fundamental Accounting Principles) 146 3.18 1 25X1 . . .. 31 401 103,200 - 303 103,200 - 303 41,479 92 501 35,000 - 502 3,000 - 503 1,300 - 504 732 - 505 1,000 - - 506 416 67 - 507 31 25 303 61,720 08 - 301 61,720 08 - 301 20,000 - 302 20,000 - 401 25X1 .. 31 .1 103,200 - 25X1 .. 9 .1 62,000 - 25 .1 11,200 - 31 .1 30,000 - 103,200 - 103,200 - 160. 3821302 (Fundamental Accounting Principles) 147 501 25X1 .. 31 .1 35,00 - 25X1 .. 31 .1 35,000 - 35,000 - 35,000 - 502 25X1 .. 13 .1 9,000 - 25X1 .. 31 .1 6,000 - .1 3,000 - 9,000 - 9,000 - 503 25X1 .. 31 .1 500 - 25X1 .. 31 .1 1,300 - .1 800 - 1,300 - 1,300 - 504 25X1 .. 31 732 - 25X1 .. 31 .1 732 - 732 - 732 - 505 25X1 .. 31 .1 1,000 - 25X1 .. 31 .1 1,000 - 1,000 - 1,000 - 161. 3821302 (Fundamental Accounting Principles) 148 - 506 25X1 .. 31 .1 416 67 25X1 .. 31 .1 416 67 416 67 416 67 - 507 25X1 .. 31 .1 31 25 25X1 .. 31 .1 31 25 31 25 31 25 - 301 25X1 .. 31 .1 20,000 - 25X1 .. 31 .1 225,000 - 266,720 08 .1 61,720 08 286,720 08 286,720 08 .. 1 266,720 08 302 25X1 .. 28 .1 20,000 - 25X1 .. 31 - .1 20,000 - 20,000 - 20,000 - 162. 3821302 (Fundamental Accounting Principles) 149 303 25X1 .. 31 .1 35,000 - 25X1 .. 31 .1 103,200 - .1 3,000 - .1 1,000 - .1 1,300 - .1 732 - - .1 416 67 - .1 31 25 - .1 61,720 08 103,200 - 103,200 - (temporary accounts nominal accounts) (permanent accounts red accounts) ( , , , 2548, 92) 1. 163. 3821302 (Fundamental Accounting Principles) 150 2. 1 2 3. 2 4. 3.19 101 25X1 25X1 .. 2 - .1 200,000 - .. 5 .1 7,500 - 9 .1 62,000 - 13 .1 9,000 - 22 .1 30,000 - 28 .1 20,000 - 31 .1 35,000 - .1 500 - 160,000 - 262,000 - 262,000 - .. 1 160,000 - 102 25X1 25X1 . 15 .1 11,200 - . 31 11,200 - 11,200 - 11,200 - .. 1 11,200 - 164. 3821302 (Fundamental Accounting Principles) 151 102.1 25X1 25X1 . 31 732 - . 31 .1 732 - 732 - 732 - .. 1 732 - 103 25X1 25X1 . 18 .1 5,000 - . 31 .1 1,000 - 4,000 - 5,000 - 5,000 - .. 1 4,000 - - 104 25X1 25X1 . 31 .1 30,000 - . 31 30,000 - 30,000 - 30,000 - .. 1 30,000 - 105 25X1 25X1 . 31 .1 6,000 - . 31 6,000 - 6,000 - 6,000 - .. 1 6,000 - - 165. 3821302 (Fundamental Accounting Principles) 152 106 25X1 25X1 . 1 - .1 25,000 - . 31 100,000 - 12 .1 75,000 - 100,000 - 100,000 - .. 1 100,000 - - 106.1 25X1 25X1 . 31 416 67 . 31 - . 1 416 67 416 67 416 67 .. 1 416 67 107 25X1 25X1 . 5 .1 7,500 - . 31 7,500 - 7,500 - 7,500 - .. 1 7,500 - - 107.1 25X1 25X1 . 31 31 25 . 31 - . 1 31 25 31 25 31 25 .. 1 31 25 166. 3821302 (Fundamental Accounting Principles) 153 201 25X1 25X1 . 22 .1 30,000 - . .12 .1 75,000 - .1 45,000 - 18 .1 5,000 - 5,000 - 80,000 - 80,000 - .. 1 5,000 - 202 25X1 25X1 . 31 45,000 - . 22 .1 45,000 - 45,000 - 45,000 - .. 1 45,000 - 203 25X1 25X1 . 31 800 - . 31 .1 800 - 800 - 800 - .. 1 800 - - 301 25X1 .. 31 .1 20,000 - 25X1 .. 31 .1 225,000 - 266,720 08 .1 61,720 08 286,720 08 286,720 08 .. 1 266,720 08 167. 3821302 (Fundamental Accounting Principles) 154 (closing trial balance) (, 2538, 31) 3.20 31 25X1 . .. - - 101 102 102.1 103 104 105 106 106.1 107 107.1 201 202 203 301 160,000 11,200 4,000 30,000 6,000 100,000 7,500 - - - - - - - 732 416 31 5,000 45,000 800 266,720 - 67 25 - - - 08 318,700 - 318,700 - (opening entries) 168. 3821302 (Fundamental Accounting Principles) 155 3.21 3.20 1 25X1 . . .. 1 -- -- 101 102 103 104 105 106 107 102.1 106.1 107.1 201 202 203 301 160,000 11,200 4,000 30,000 6,000 100,000 7,500 - - - - - - - 732 416 31 5,000 45,000 800 266,720 - 67 25 - - - 08 (reversing entries) ( , 2548, 151) 169. 3821302 (Fundamental Accounting Principles) 156 1. 25X1 25X2 .. 31 XX .. 1 XX XX XX 2. 25X1 25X2 .. 31 XX .. 1 XX XX XX 3. 25X1 25X2 .. 31 XX .. 1 XX XX XX 4. 25X1 25X2 .. 31 XX .. 1 XX XX XX 170. 3821302 (Fundamental Accounting Principles) 157 171. 3821302 (Fundamental Accounting Principles) 158 1. 2. 2 3. 4. 5. 6. 25X0 25X1 25X0 1 2 3 4 160,000 120,000 110,000 145,000 98,000 87,000 75,000 92,500 25X1 1 2 3 4 101,000 114,000 215,000 95,000 72,700 68,100 132,600 34,900 : 1. 30 25X0 2. 30 25X0 3. 30 25X1 4. 31 25X1 7. 1. 31 25X1 25X0 4,000 2. 3025X012,000 12 1 25X1 3. 15 25X1 8,400 25X0 172. 3821302 (Fundamental Accounting Principles) 159 4. 6,000 3 31 25X1 31 25X0 31 25X1 : 1. 2. 8. 3125X0 1. 6,200 1 1 25X0 25X0 2. 34,000 25X1 50,000 3. 1 25X0 120,000 9% 3 4. 25X0 3,400 5. 12,000 4,500 6. 25X0 9,000 : 173. 3821302 (Fundamental Accounting Principles) 160 9. 30 25X0 31 25X0 31 25X0 119,500 18,000 2,400 851,000 1,336,000 643,000 38,680 22,650 1,133,800 1,200,000 26,000 360,770 150,000 23,000 15,000 2,969,900 2,969,900 1. 31 600 2. 25X0 9,800 3. 25X0 3,600 4. 5,100 5. 25X07,300 6. 25X0 9,600 7. 25X0 700 8. 12% 1 25X0 9. 10% : 1. 2. 10 3. 31 25X0 174. 3821302 (Fundamental Accounting Principles) 161 10. 1 25X1 4,920 8,310 2,200 22,000 - 1,000 6,000 890 2,000 20,000 ______ _ 7,540 37,430 37,430 25X1 .. 2 5,000 2,000 3,000 8 3,150 12 1,600 20 5,650 25 700 3,100 27 3,900 29 890 30 700 1. 1,600 2. 3,950 3. 1,350 4. 300 5. 25 25X1 25X0 : 1. 1 25X1 2. 25X1 175. 3821302 (Fundamental Accounting Principles) 162 3. 4. 31 25X1 5. 6. 10 176. 3821302 (Fundamental Accounting Principles) 163 .............................................................. .......................................... ................ . . . . 177. 3821302 (Fundamental Accounting Principles) 164 .................. ................... ........ 178. 4 3 4 2 (wholesalers) (retailers) ( , , , 2548, 154) 2 179. 3821302 (Fundamental Accounting Principles) 166 1. (purchase requisition) 3 ......................................... ......................................................... ....................... ............................................................... ............................................................... 180. 3821302 (Fundamental Accounting Principles) 167 2. (purchase requisition) 4 1 2 3 4 ......................................... .............. ............................................................ ................................................ ............................. ............................................................... .......................................................... ......................................... ........................................... 181. 3821302 (Fundamental Accounting Principles) 168 3. (receiving report) 3 1 2 3 ......................................... ........... ........................................................... ............................................ ...................................................... ................................... ...................................................... ................................................. ........................................ ................................,,,,............ ........................................ .................................... 182. 3821302 (Fundamental Accounting Principles) 169 4. (invoice) (purchase invoice) (sale invoice) 3 1 2 3 .......................................... ................................................ ............................................ ....................................................... ............................................. ............................. ................................ ................................................. ...................................... .............................. ........................... 183. 3821302 (Fundamental Accounting Principles) 170 5. (debit note debit memorandum) .......................................................... ...................................................... ................................... ............................ (debit Memorandum) ............ .................. ............................................... ....................................................... ..................... ....................................................... ....................................................................................................................................................... ........................................................................................................................................................................... ................................................. .............................................. () () 184. 3821302 (Fundamental Accounting Principles) 171 6. (credit note credit memorandum) ........................................... ............... .................................... ..................................... .................................... ...................................... ............. ........................................... 185. 3821302 (Fundamental Accounting Principles) 172 (Inventory Costs) 1. 2. 3. () (freight cost) ( , , , 2548, 223) 2 1. F.O.B. Shipping Point (Free on Board at Shipping Point) 2. F.O.B. Destination (Free on Board at Destination) (discounts) ( , 2538, 42-43) 1. 2. 3. 2 (trade discounts) (cash discounts) 186. 3821302 (Fundamental Accounting Principles) 173 (,2538,88) (list price) ( 25,000 10% 22,500 (25,000 2,500) 22,500 20,000 5% 20,000 5% 8% 25,000 3,150 [(25,000 x 5% = 1,250), (25,000-1,250 = 23,750 x 8% = 1,900) 21,850 (25,000 1,250 1,900 = 21,850) (, 2538, 29) (purchase discounts) (sale discounts) (terms of payment) (credit period) 2/10, n/30 30 10 2% 2/E.O.M, n/40 40 2% 2/10 Prox, n/45 2/10 E.O.M., n/45 45 10 2% 187. 3821302 (Fundamental Accounting Principles) 174 (sale returns and allowance) (purchase returns and allowance) 1,800,000 () 15 10 7 ( ) 2 () = - = x 5,000 7 350 ( 5,000 x 7/100 ) 100 1,070 70 ( 1,070 107 7 ) 188. 3821302 (Fundamental Accounting Principles) 175 2 (perpetual inventory system) (periodic inventory system) 1. () 1.1 (merchandise inventory) xx xx xx xx xx () xx xx (Inventory Card Stock Card) (Subsidiary Ledger) 189. 3821302 (Fundamental Accounting Principles) 176 (Control Account) 41 .................................................................................................................... ... / 4.1 1.2 (cost of sales account) 4.1 1 2 25X1 30,000 1/10, n/40 30,000 30,000 2 2 6 25X1 1,200 2 25X1 1,200 1,200 3 4 25X1 2,500 190. 3821302 (Fundamental Accounting Principles) 177 2,500 2,500 4 12 27,500 27,225 275 30,000 2,500 27,500 (1%) 275 27,225 5 2 10 25X1 48,000 2/15, n/30 35,000 5.1 48,000 48,000 5.2 35,000 35,000 6 2 12 25X1 2,400 2,000 6.1 () 2,400 2,400 191. 3821302 (Fundamental Accounting Principles) 178 6.2 2,000 2,000 7 25 25X1 10 25X1 44,688 912 45,600 48,000 2,400 45,600 2% 912 44,688 8 13 25X1 800 800 800 9 (subsidiary ledger) (inventory card stock card) 128,000 192. 3821302 (Fundamental Accounting Principles) 179 104 25X1 .. 1- .. 31 128,000 30,000 1,200 2,000 - - - - 2,500 275 35,000 123,425 - - - - 161,200 - 161,200 - 25X2 .. 1 123,425 - 501 25X1 25X1 .. 1- .. 31 35,000 - .. 1- .. 31 * 2,000 33,000 - - 35,000 - 35,000 - (*) xx xx xx xx 193. 3821302 (Fundamental Accounting Principles) 180 2. XX () XX XX XX XX 4.2 1 2 25X1 30,000 1/10, n/40 30,000 30,000 2 4 25X1 2,500 2,500 2,500 3 6 25X1 1,200 1,200 1,200 4 12 25X1 194. 3821302 (Fundamental Accounting Principles) 181 27,500 27,225 275 5 10 25X1 48,000 2/15, n/30 35,000 48,000 48,000 6 12 25X1 2,400 2,000 2,400 2,400 7 25 25X1 44,688 912 45,600 8 13 25X1 800 800 800 9 = + = + 195. 3821302 (Fundamental Accounting Principles) 182 4.1 1. 30,000 30,000 30,000 30,000 2. 2,500 2,500 2,500 2,500 3. 1,200 1,200 1,200 1,200 4. 27,500 27,500 27,225 27,225 275 275 5. 48,000 48,000 48,000 48,000 35,000 35,000 6. 2,400 2,400 2,400 2,400 2,000 2,000 196. 3821302 (Fundamental Accounting Principles) 183 7. 800 800 800 800 8. 44,688 44,688 912 912 45,600 45,600 9. 128,000 (1) 30,000 (3) 1,200 (6) 2,000 (2) 2,500 (4) 275 (5) 35,000 123,425 1. 128,000 2. 123,425 161,200 161,200 128,000 (5) 35,000 _______ 35,000 (6) 2,000 33,000 35,000 = + - = 128,000 + 28,425 123,425 = 33,000 = + = 30,000 + 1,200 2,500 - 275 = 28,425 197. 3821302 (Fundamental Accounting Principles) 184 4.3 1 25X1 164,000 87,200 31,200 150,000 70,000 25X1 1 20,000 10 5,000 100,000 24,000 1 2 20,000 8 64,000 3/10, n/30 2,000 10 600 14 58,000 40,600 2/10, n/30 16 14 1,400 980 17 500 18 20 30,000 24 28 30,000 2% 21,000 30 96,000 2/10, n/30 67,200 31 15,000 2,000 198. 3821302 (Fundamental Accounting Principles) 185 1. 31 25X1 42,878 2. 1 1 25X1 3. 10% 4. 3,000 5. 3% 6. 280 1 25X1 . . .. 1 50,000 - 50,000 - 5,00 @ 10 100,000 - 100,000 - 24,000 - 24,000 - 1 199. 3821302 (Fundamental Accounting Principles) 186 2 25X1 . . . . 2 20,000 - 20,000 - 8 64,000 - 64,000 - 3/10,n/30 2,000 - 2,000 - 10 600 - 600 - 14 58,000 - 58,000 - 40,600 - 40,600 - 16 1,400 - 1,400 - 980 - 980 - 17 500 - 500 - 200. 3821302 (Fundamental Accounting Principles) 187 3 25X1 . . .. 18 63,400 - 61,498 - 1,902 - 8 20 30,000 - 30,000 - 24 55,468 - 1,132 - 56,600 - 28 29,400 - 29,400 - 30,000 2% 28 21,000 - 21,000 - 30 96,000 - 96,000 - 67,200 - 67,200 - 31 15,000 - 2,000 - 17,000 - 201. 3821302 (Fundamental Accounting Principles) 188 101 25X1 25X1 .. 1 164,000 - .. 1 100,000 - 50,000 - 24,000 - 24 55,468 - 2 20,000 - 28 29,400 - 8 2,000 - 298,868 - 17 500 - 43,870 18 61,498 - 20 30,000 - 31 15,000 - 2,000 - 254,998 - 102 25X1 .. 1 100,000 - 100,000 103 25X1 25X1 .. 14 58,000 - .. 16 1,400 - 30 96,000 - 24 55,468 - 154,000 - 1,132 - 96,000 58,000 - 202. 3821302 (Fundamental Accounting Principles) 189 104 25X1 25X1 .. 1 87,200 - .. 10 600 - 2 20,000 - 14 40,600 - 8 64,000 - 18 1,902 - 2,000 - 28 21,000 - 16 980 - 30 67,200 - 174,180 - 131,302 - 42,878 107 25X1 ..20 30,000 - 30,000 201 25X1 25X1 .. 10 600 - .. 1 31,200 - 18 61,498 - 8 64,000 - 1,902 - 64,000 - 95,200 - 31,200 203. 3821302 (Fundamental Accounting Principles) 190 301 25X1 .. 1 150,000 - 50,000 - 200,000 - 200,000 302 25X1 .. 1 70,000 - 70,000 401 25X1 .. 14 58,000 - 28 29,400 - 30 96,000 - 183,400 - 183,400 402 25X1 .. 16 1,400 - 1,400 204. 3821302 (Fundamental Accounting Principles) 191 403 25X1 .. 24 1,132 - 1,132 501 25X1 25X1 .. 14 40,600 - ..16 980 - 28 21,000 - 30 67,200 - 128,800 - 980 - 127,820 502 25X1 .. 17 500 - 500 503 25X1 .. 1 24,000 - 24,000 504 25X1 .. 31 15,000 - 154,000 205. 3821302 (Fundamental Accounting Principles) 192 505 25X1 .. 31 2,000 - 2,000 31 25X1 . . 101 102 103 104 107 201 301 302 401 402 403 501 502 503 504 505 43,870 100,000 96,000 42,878 30,000 1,400 1,132 127,820 500 24,000 15,000 2,000 - - - - - - - - - - - - 31,200 200,000 70,000 183,400 - - - - 484,600 - 484,600 - 206. 3821302 (Fundamental Accounting Principles) 228 1 31 25X1 101 43,870 - 43,870 - 102 100,000 - 100,000 - 103 96,000 - 96,000 - 104 42,878 - 42,878 - 107 30,000 - 30,000 - 201 31,200 - 31,200 - 301 200,000 - 200,000 - 302 70,000 - 70,000 - 401 183,400 - 183,400 - 402 1,400 - 1,400 - 403 1,132 - 1,132 - 501 127,820 - 127,820 - 502 500 - 500 - 193 (AccountingforEconomist) 207. 3821302 (Fundamental Accounting Principles) 229 503 24,000 - (1)22,000 - 2,000 - 504 15,000 - 15,000 - 505 2,000 - 2,000 - 484,600 484,600 106 (1)22,000 - 22,000 - - 506 (2) 100 - 100 - - 107.1 (2) 100 - 100 - 507 (3) 3,000 - 3,000 - 202 (3) 3,000 - 3,000 - 508 (4) 2,880 - 2,880 - 103.1 (4) 2,880 - 2,880 - 105 (5) 280 - 280 - 404 (5) 280 - 280 - 28,260 28,260 155,832 - 183,680 - 335,028 - 307,180 - 27,848 - 27,848 - 183,680 - 183,680 - 335,028 - 335,028 - 194 (AccountingforEconomist) 208. 3821302 (Fundamental Accounting Principles) 195 1 25X1 . . .. 31 106 22,000 - 503 22,000 - 11 506 100 - - 105.1 100 - 12 507 3,000 - 202 3,000 - 508 2,880 - 103.1 2,880 - 3% 107 280 - 404 280 - 5 209. 3821302 (Fundamental Accounting Principles) 196 1. 2. 3. () () 4. () () 1 25X1 . . .. 31 183,400 - 280 - 183,680 - 155,832 - 127,820 - 1,400 - 1,132 - 500 - 2,000 - 15,000 - 2,000 - - 100 - 3,000 - 2,880 - 210. 3821302 (Fundamental Accounting Principles) 197 2 25X1 . . .. 31 27,848 - 27,848 - 101 25X1 25X1 .. 1 164,000 - .. 1 100,000 - 50,000 - 24,000 - 24 55,468 - 2 20,000 - 28 29,400 - 8 2,000 - 17 500 - 18 61,498 - 20 30,000 - 31 15,000 - 2,000 - 43,870 - 298,868 - 298,868 - .. 1 43,870 - 211. 3821302 (Fundamental Accounting Principles) 198 102 25X1 25X1 .. 1 100,000 - .. 31 100,000 - 100,000 - 100,000 - .. 1 100,000 - 103 25X1 25X1 .. 14 58,000 - .. 16 1,400 - 30 96,000 - 24 55,468 - 1,132 - 31 96,000 - 154,000 - 154,000 - .. 1 96,000 - 103.1 25X1 25X1 .. 31 2,880 - .. 31 2,880 - 2,880 - 2,880 - .. 1 2,880 - 212. 3821302 (Fundamental Accounting Principles) 199 104 25X1 25X1 .. 1 87,200 - .. 10 600 - 2 20,000 - 14 40,600 - 8 64,000 - 18 1,902 - 2,000 - 28 21,000 - 16 980 - 30 67,200 - 31 42,878 - 174,180 - 174,180 - .. 1 42,878 - 105 25X1 25X1 .. 31 280 - .. 31 280 - 280 - 280 - .. 1 280 - 106 25X1 25X1 .. 1 24,000 - .. 31 2,000 - 22,000 - 24,000 - 24,000 - .. 1 22,000 - 213. 3821302 (Fundamental Accounting Principles) 200 107 25X1 25X1 .. 20 30,000 - .. 31 30,000 - 30,000 - 30,000 - .. 1 30,000 - - 107.1 25X1 25X1 .. 31 100 - .. 31 - 100 - 100 - 100 - .. 1 100 - 201 25X1 25X1 .. 10 600 - .. 1 31,200 - 18 61,498 - 8 64,000 - 1,902 - 31 31,200 - 95,200 - 95,200 - .. 1 31,200 - 214. 3821302 (Fundamental Accounting Principles) 201 202 25X1 25X1 .. 31 3,000 - .. 31 3,000 - 3,000 - 3,000 - .. 1 3,000 - 301 25X1 25X1 .. 1 200,000 - .. 1 150,000 - 50,000 - 200,000 - 200,000 - .. 1 200,000 - 302 25X1 25X1 .. 1 97,848 - .. 1 70,000 - 31 27,848 - 97,848 - 97,848 - .. 1 97,848 - 215. 3821302 (Fundamental Accounting Principles) 202 401 25X1 25X1 .. 31 183,400 - .. 14 58,000 - 28 29,400 - 30 96,000 - 183,400 - 183,400 - 402 25X1 25X1 .. 16 1,400 - .. 31 1,400 - 1,400 - 1,400 - 403 25X1 25X1 .. 24 1,132 - .. 31 1,132 - 1,132 - 1,132 - 501 25X1 25X1 .. 14 40,600 - .. 16 980 - 28 21,000 - 31 127,820 - 30 67,200 - 128,800 - 128,800 - 502 25X1 25X1 .. 17 500 - .. 31 500 - 500 - 500 - 216. 3821302 (Fundamental Accounting Principles) 203 503 25X1 25X1 .. 1 24,000 - .. 31 22,000 - 31 2,000 - 24,000 - 24,000 - 504 25X1 25X1 .. 31 15,000 - .. 31 15,000 - 15,000 - 15,000 - 505 25X1 25X1 .. 31 2,000 - .. 31 2,000 - 2,000 - 2,000 - - 506 25X1 25X1 .. 31 - 100 - .. 31 100 - 100 - 100 - 217. 3821302 (Fundamental Accounting Principles) 204 507 25X1 25X1 .. 31 3,000 - .. 31 3,000 - 3,000 - 3,000 - 508 25X1 25X1 .. 31 2,880 - .. 31 2,880 - 2,880 - 2,880 - 31 25X1 . .. - 101 102 103 103.1 104 105 106 107 107.1 201 202 301 302 43,870 100,000 96,000 42,878 280 22,000 30,000 - - - - - - 2,880 100 31,200 3,000 200,000 97,848 - - - - - - 335,028 - 335,028 - 218. 3821302 (Fundamental Accounting Principles) 205 1 31 25X1 183,400 1,400 1,132 2,532 180,868 127,820 53,048 500 2,000 15,000 2,000 100 3,000 2,880 24,980 25,480 27,568 280 27,848 219. 3821302 (Fundamental Accounting Principles) 206 31 25X1 : 43,870 100,000 96,000 2,880 93,120 42,878 22,000 280 302,148 30,000 - 100 29,900 332,048 31,200 3,000 20,000 10 200,000 20,000 10 200,000 (70,000+27,848) 97,848 297,848 332,048 220. 3821302 (Fundamental Accounting Principles) 207 1 25X1 . . .. 1 50,000 - 50,000 - 5,000 @ 10 100,000 - 100,000 - 24,000 - 24,000 - 1 2 20,000 - 20,000 - 8 64,000 - 64,000 - 3/10,n/30 2,000 - 2,000 - 10 600 - 600 - 14 58,000 - 58,000 - 16 1,400 - 1,400 - 221. 3821302 (Fundamental Accounting Principles) 208 2 25X1 . . 17 500 - 500 - 18 63,400 - 61,498 - 1,902 - 8 .. 20 30,000 - 30,000 - 24 55,468 - 1,132 - 56,600 - 28 29,400 - 29,400 - 30,000 2% 30 96,000 - 96,000 - 2/10, n/30 31 15,000 - 2,000 - 17,000 - 222. 3821302 (Fundamental Accounting Principles) 209 101 25X1 25X1 .. 1 164,000 - .. 1 100,000 - 50,000 - 24,000 - 24 55,468 - 2 20,000 - 28 29,400 - 8 2,000 - 298,868 - 17 500 - 43,870 18 61,498 - 20 30,000 - 31 15,000 - 2,000 - 254,998 - 102 25X1 .. 1 100,000 - 100,000 103 25X1 25X1 .. 14 58,000 - .. 16 1,400 - 30 96,000 - 24 55,468 - 154,000 - 1,132 - 96,000 58,000 - 223. 3821302 (Fundamental Accounting Principles) 210 104 25X1 .. 1 87,200 - 87,200 107 25X1 .. 20 30,000 - 30,000 201 25X1 25X1 .. 10 .. 1 31,200 - 600 - 8 64,000 - 18 61,498 - 1,902 - 64,000 - 95,200 - 31,200 301 25X1 .. 1 150,000 - 50,000 - 200,000 - 200,000 224. 3821302 (Fundamental Accounting Principles) 211 302 25X1 .. 1 70,000 - 70,000 401 25X1 .. 14 58,000 - 28 29,400 - 30 96,000 - 183,400 - 183,400 402 25X1 .. 16 1,400 - 1,400 403 25X1 .. 24 1,132 - 1,132 225. 3821302 (Fundamental Accounting Principles) 212 501 25X1 .. 2 20,000 - 64,000 - 84,000 - 84,000 502 25X1 .. 8 2,000 - 2,000 503 25X1 .. 8 600 - 600 504 25X1 .. 8 1,902 - 1,902 226. 3821302 (Fundamental Accounting Principles) 213 505 25X1 .. 17 500 - 500 506 25X1 .. 1 24,000 - 24,000 507 25X1 .. 31 15,000 - 154,000 508 25X1 .. 31 2,000 - 2,000 227. 3821302 (Fundamental Accounting Principles) 214 31 25X1 . . 101 102 103 104 107 201 301 302 401 402 403 501 502 503 504 505 506 507 508 43,870 100,000 96,000 87,200 30,000 1,400 1,132 84,000 2,000 500 24,000 15,000 2,000 - - - - - - - - - - - - - 31,200 200,000 70,000 183,400 600 1,902 - - - - - - 487,102 - 487,102 - 42,878 228. 3821302 (Fundamental Accounting Principles) 230 1 31 25X1 101 43,870 - 43,870 - 102 100,000 - 100,000 - 103 96,000 - 96,000 - 104 87,200 - 87,200 - 105 30,000 - 30,000 - 201 31,200 - 31,200 - 301 200,000 - 200,000 - 302 70,000 - 70,000 - 401 183,400 - 183,400 - 402 1,400 - 1,400 - 403 1,132 - 1,132 - 501 84,000 - 84,000 - 502 2,000 - 2,000 - 503 600 - 600 - 504 1,902 - 1,902 - 215 (AccountingforEconomist) 229. 3821302 (Fundamental Accounting Principles) 231 505 500 - 500 - 506 24,000 - (1)22,000 - 2,000 - 507 15,000 - 15,000 - 508 2,000 - 2,000 - 487,102 - 487,102 - 106 (1)22,000 - 22,000 - - 506 (2) 100 - 100 - - 105.1 (2) 100 - 100 - 507 (3) 3,000 - 3,000 - 202 (3) 3,000 - 3,000 - 508 (4) 2,880 - 2,880 - 103.1 (4) 2,880 - 2,880 - 107 (5) 280 - 280 - 405 (5) 280 - 280 - 42,878 - 42,878 28,260 - 28,260 - 201,212 - 229,060 - 335,028 - 307,180 - 27,848 - 27,848 - 229,060 - 229,060 - 335,028 - 335,028 - 216 (AccountingforEconomist) 230. 3821302 (Fundamental Accounting Principles) 217 2 1. 2. 1. 1.1 1.2 1.3 ( ) 1.4 () () 1.5 () () 231. 3821302 (Fundamental Accounting Principles) 218 1 25X1 . . .. 31 183,400 - 600 - 1,902 - 280 - 42,828 - 229,060 - 201,212 - 87,200 - 1,400 - 1,132 - 84,000 - 2,000 - 500 - 2,000 - 15,000 - 2,000 - - 100 - 3,000 - 2,880 - 27,848 - 27,848 - 232. 3821302 (Fundamental Accounting Principles) 219 2. 2.1 2.2 2.3 2.4 2.5 () () 2.6 () () 1 25X1 . . .. 31 173,200 - 87,200 - 84,000 - 2,000 - 600 - 1,902 - 42,878 - 45,380 - 233. 3821302 (Fundamental Accounting Principles) 220 2 25X1 . . .. 31 183,400 - 280 - 183,680 - 155,832 - 1,400 - 1,132 - 127,820 - 500 - 2,000 - 15,000 - 2,000 - - 100 - 3,000 - 2,880 - 27,848 - 27,848 - 234. 3821302 (Fundamental Accounting Principles) 221 101 25X1 25X1 .. 1 164,000 - .. 1 100,000 - 50,000 - 24,000 - 24 55,468 - 2 20,000 - 28 29,400 - 8 2,000 - 17 500 - 18 61,498 - 20 30,000 - 31 15,000 - 2,000 - 43,870 - 298,868 - 298,868 - .. 1 43,870 - 102 25X1 25X1 .. 1 100,000 - .. 31 100,000 - 100,000 - 100,000 - .. 1 100,000 - 235. 3821302 (Fundamental Accounting Principles) 222 103 25X1 25X1 .. 14 58,000 - .. 16 1,400 - 30 96,000 - 24 55,468 - 1,132 - 31 96,000 - 154,000 - 154,000 - .. 1 96,000 - 103.1 25X1 25X1 .. 31 2,880 - .. 31 2,880 - 2,880 - 2,880 - .. 1 2,880 - 104 25X1 25X1 .. 31 87,200 - .. 31 87,200 - 42,878 - 31 42,878 - 130,078 - 130,078 - .. 1 42,878 - 236. 3821302 (Fundamental Accounting Principles) 223 105 25X1 25X1 .. 31 280 - .. 31 280 - 280 - 280 - .. 1 280 - 106 25X1 25X1 .. 1 24,000 - .. 31 2,000 - 22,000 - 24,000 - 24,000 - .. 1 22,000 - 107 25X1 25X1 .. 20 30,000 - .. 31 30,000 - 30,000 - 30,000 - .. 1 30,000 - 237. 3821302 (Fundamental Accounting Principles) 224 - 107.1 25X1 25X1 .. 31 100 - .. 31 - 100 - 100 - 100 - .. 1 100 - 201 25X1 25X1 .. 10 .. 1 31,200 - 600 - 8 64,000 - 18 61,498 - 1,902 - 31 31,200 - 95,200 - 95,200 - .. 1 31,200 - 202 25X1 25X1 .. 31 3,000 - .. 31 3,000 - 3,000 - 3,000 - .. 1 3,000 - 238. 3821302 (Fundamental Accounting Principles) 225 301 25X1 25X1 .. 1 200,000 - .. 1 150,000 - 50,000 - 200,000 - 200,000 - .. 1 200,000 - 302 25X1 25X1 .. 1 97,848 - .. 1 70,000 - 31 27,848 - 97,848 - 97,848 - .. 1 97,848 - 401 25X1 25X1 .. 31 183,400 - .. 14 58,000 - 28 29,400 - 30 96,000 - 183,400 - 183,400 - 239. 3821302 (Fundamental Accounting Principles) 226 402 25X1 25X1 .. 16 1,400 - .. 31 1,400 - 1,400 - 1,400 - 403 25X1 25X1 .. 24 1,132 - .. 31 1,132 - 1,132 - 1,132 - 404 25X1 25X1 .. 31 280 - .. 31 280 - 280 - 280 - 501 25X1 25X1 .. 2 20,000 - .. 31 84,000 - 64,000 - 84,000 - 84,000 - 502 25X1 25X1 .. 8 2,000 - .. 31 2,000 - 2,000 - 2,000 - 240. 3821302 (Fundamental Accounting Principles) 227 503 25X1 25X1 .. 31 600 - .. 8 600 - 600 - 600 - 504 25X1 25X1 .. 31 1,902 - . 18 1,902 - 1,902 - 1,902 - 505 25X1 25X1 .. 17 500 - .. 31 500 - 500 - 500 - 506 25X1 25X1 .. 1 24,000 - .. 31 22,000 - 31 2,000 - 24,000 - 24,000 - 507 25X1 25X1 .. 31 15,000 - .. 31 15,000 - 15,000 - 15,000 - 241. 3821302 (Fundamental Accounting Principles) 228 508 25X1 25X1 .. 31 2,000 - .. 31 2,000 - 2,000 - 2,000 - - 509 25X1 25X1 .. 31 - 100 - .. 31 100 - 100 - 100 - 510 25X1 25X1 .. 31 3,000 - .. 31 3,000 - 3,000 - 3,000 - 511 25X1 25X1 .. 31 2,880 - .. 31 2,880 - 2,880 - 2,880 - 242. 3821302 (Fundamental Accounting Principles) 229 512 25X1 25X1 .. 31 87,200 - .. 31 600 - 84,000 - 1,902 - 2,000 - 42,878 - 127,820 - 173,200 - 173,200 - 104 25X1 25X1 .. 31 87,200 - .. 31 87,200 - 42,878 - 31 42,878 - 130,078 - 130,078 - .. 1 42,878 - 501 25X1 25X1 .. 2 20,000 - .. 31 84,000 - 64,000 - 84,000 - 84,000 - 502 25X1 25X1 .. 8 2,000 - .. 31 2,000 - 2,000 - 2,000 - 243. 3821302 (Fundamental Accounting Principles) 230 503 25X1 25X1 .. 31 600 - .. 8 600 - 600 - 600 - 504 25X1 25X1 .. 31 1,902 - . 18 1,902 - 1,902 - 1,902 - 31 25X1 . . . - 101 102 103 103.1 104 105 106 107 107.1 201 202 301 302 43,870 100,000 96,000 42,878 280 22,000 30,000 - - - - - - - 2,880 100 31,200 3,000 200,000 97,848 - - - - - - 335,028 - 335,028 - 244. 3821302 (Fundamental Accounting Principles) 231 1 31 25X1 183,400 1,400 1,132 2,532 180,868 87,200 84,000 2,000 86,000 600 1,902 2,502 83,498 170,698 42,878 127,820 53,048 500 2,000 15,000 2,000 100 3,000 2,880 24,990 25,480 27,568 280 27,848 245. 3821302 (Fundamental Accounting Principles) 232 31 25X1 : 43,870 100,000 96,000 2,880 93,120 42,878 22,000 280 302,148 30,000 - 100 29,900 332,048 31,200 3,000 20,000 10 200,000 20,000 10 200,000 (70,000+27,848) 97,848 297,848 332,048 246. 3821302 (Fundamental Accounting Principles) 233 4.4 1. 30,000 7% 30,000 2,100 32,100 30,000 2,100 32,100 2. 1 2,500 2,675 2,500 175 2,675 2,500 175 3. 1,200 7% 1,200 84 1,284 1,200 84 1,284 4. 1 1 % 29,425 29,150 275 29,425 29,150 275 30,000 2,500 27,500 1 % 275 27,225 (27,500X7%) 1,925 29,150 247. 3821302 (Fundamental Accounting Principles) 234 5. 48,000 ( 40,000 ) 7% 51,360 48,000 3,360 51,360 48,000 3,360 40,000 40,000 6. 2,400 ( 2,000 ) 5 7% 2,400 168 2,568 2,400 168 2,568 2,000 2,000 7. 5 2 % 47,880 912 48,792 47,880 912 48,792 48,000 2,400 45,600 2 % 912 44,688 (45,600X7%) 3,192 47,880 248. 3821302 (Fundamental Accounting Principles) 235 8. 800 7% 800 56 856 800 56 856 9 3,192 2,065 - 1,127 3,192 2,065 - 1,127 = 3,360 168 = 3,192 = 2,100 175 + 84 + 56 = 2,065 () = 1,127 10. - 1,127 1,127 - 1,127 1,127 249. 3821302 (Fundamental Accounting Principles) 236 1. XX XX / XX XX XX / XX 2.1 ( ) XX XX XX XX XX XX 2.2 ( ) XX XX XX XX XX XX 3. XX XX XX XX XX XX 4. XX XX XX XX XX XX 5. / XX XX XX / XX XX XX XX XX 250. 3821302 (Fundamental Accounting Principles) 237 6. 6.1 XX XX / XX () XX XX / XX XX XX () 6.2 XX XX / XX () XX XX / XX () 7. XX XX XX XX XX XX 8. XX XX XX XX XX XX XX XX XX XX 251. 3821302 (Fundamental Accounting Principles) 238 9. 1 2 XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 252. 3821302 (Fundamental Accounting Principles) 239 1 2 XX XX XX / XX / XX / XX / / XX / XX / XX / / / XX XX XX XX XX XX XX XX XX XX XX XX ( () () ) XX XX XX XX XX XX XX XX XX ( () () ) 253. 3821302 (Fundamental Accounting Principles) 240 1. (Goods in Transit) F.O.B. Shipping Point F.O.B. Shipping Point F.O.B. Destination F.O.B. Destination 2. (Goods on Consignment) (Consignor) (Consignee) 3. (Goods Sold on Installment) (Pawn Payment) 254. 3821302 (Fundamental Accounting Principles) 241 4. (Goods on approval) 31(2550) (,2551,5) 4 1. 2. 3. 4. 1. (Specific Identification of cost method) 4.5 255. 3821302 (Fundamental Accounting Principles) 242 201 10 90,000 6 208 10 100,000 3 201 10 @ 90,000 6 90,000 = 540,000 4 90,000= 360,000 208 10 @ 100,000 3100,000 = 300,000 7100,000= 700,000 840,000 1,060,000 2. (Weighted average method) = )( )( () () = () () (Periodic Inventory Method) (Moving Average) 256. 3821302 (Fundamental Accounting Principles) 243 4.6 50 () 500 10 5,000 1 300 13 3,900 200 2 200 15 3,000 3 400 12 4,800 400 800 4.1 4.2 () () () 500 10 5,000 500 10.00 5,000 1 300 13 3,900 800 (1) 11.1250 8,900 200 11.1250 2,225 600 11.1250 6,675 2 200 15 3,000 800 (2) 12. 09375 9,675 3 400 12 4,800 1,200 (3) 12. 0625 14,475 400 12. 0625 4,825 800 12. 0625 9,650 (1) = 800 8,900 = 11.125 / 257. 3821302 (Fundamental Accounting Principles) 244 (2) = 800 9,650 = 12. 09375 / (3) = 800 9,650 = 12. 0625 / 800 9,650 7,000 ( 2,225 + 4,825 ) 1. = )( )( = 1,400 16,700 = 11.9286 2. 800 = ()x = 800 11.9286 = 9,542.88 3. = +- = 5,000 + 11,700 - 9,542.88 = 7,157.12 3. (First-In, First-Out: FIFO) 4.7 4.2 800 10,400 (2,600+3,000+4,800) 6,300 (2,000+3,000+1,300) 4.3 258. 3821302 (Fundamental Accounting Principles) 245 4.3 () () () 500 10 5,000 500 10 5,000 1 300 13 3,900 500 10 5,000 300 13 3,900 200 10 2,000 300 10 3,000 300 13 3,900 2 200 15 3,000 300 10 3,000 300 13 3,900 200 15 3,000 3 400 12 4,800 300 10 3,000 300 13 3,900 200 15 3,000 400 12 4,800 300 10 3,000 200 13 2,600 100 13 1,300 200 15 3,000 400 12 4,800 1. 800 3 400 12 4,800 2 200 15 3,000 1 200 13 2,600 10,400 2. = +- = 5,000 + 11,700 -10,400 = 6,300 259. 3821302 (Fundamental Accounting Principles) 246 4. (Last-In,First-Out : LIFO) 31(2550) 2 2 260. 3821302 (Fundamental Accounting Principles) 247 = + = + 261. 3821302 (Fundamental Accounting Principles) 248 1. 2. 3. 4. 5. 6. 7. 2 25X1 200,000 25X1 .. 4 45,0002/10,n/30 6 1,100 7 18,000 2/10, n/30 10,800 12 10,700250 13 15 25,000 10% 2/10, n/30 16 24,000 16,000 5% 2/10, n/30 100 17 7 18 2,400 12 19 2,5001,700 25 26 28 1,4306,000 262. 3821302 (Fundamental Accounting Principles) 249 29 9,000 31 4502,300 : 1. 1.1 1.2 8. 25X1 25X1 .. 1 2/10, n/30 195,000 2 600 3 18,500 9,250 7% 1/10,n/30 300 4 1 4,500 6 6,350 3507% 10 125X1 11 625X1 250 12 325X1 16 26,0007% 2/10,n/20 19 19,500 9,7507% 21 1925X1 1,600800 25 1625X1 28 2/10, n/30 19,800 7% 9,900 : 1. 1.1 1.2 2. 263. 3821302 (Fundamental Accounting Principles) 250 9. 150,000 20,000 170,000 25X1 25X1 .. 6 120,000 10% 3/10,n/30 9 300 10 45,000 22,500 11 3,5001,750 12 615,000 16 6 17 60,000 3/10,n/20 250 18 30,00015,0002% 19 12,000 22 75,0002/10,n/20 37,500 23 18 6,000 3,000 24 2,500 17 25 7,000 26 18 30 50,000 22 : 1. 1.1 1.2 2. 2.1 2.2 3. 3.1 3.2 264. 3821302 (Fundamental Accounting Principles) 251 10. 3125X1 31 25X1 128,500 46,300 350 3125X1 59,000 350,000 - 17,500 62,000 - 3,100 24,600 51,760 - 328,750 3,200 635,700 1,310 287,000 97,000 3,980 5,400 3,870 14,200 _________ 1,061,760 1,061,760 1. 400 135 2. 1.5% 3. 9,000 4. 20% 5 265. 3821302 (Fundamental Accounting Principles) 252 : 1. 2. 10 3. 3125X1 4. 3125X1 11. 31 25X1 31 25X1 129,000 143,800 86,000 1,200 1 25X1 78,000 1,200 600 3,600 80,000 - 12,000 45,000 50,000 () 3,800 150,000 24,500 12,000 450,000 2,000 3,000 150,000 3,500 8,000 266. 3821302 (Fundamental Accounting Principles) 253 6,000 13,000 12,000 8,000 7,000 16,000 1,800 ______ 750,500 750,500 1. 35,000 2. 200 3. 150 4. 2,700 5. 1 25X1 6 18% 6. 3% : 1. 2. 10 3. 4. 12. 31 2548 800,000 70,000 30,000 4 1. .F.O.B Shipping Point 20,000 2. F.O.B Destination 10,000 3. F.O.B Shipping Point 50,000 4. F.OB Destination 25,000 31 2548 267. 3821302 (Fundamental Accounting Principles) 254 13. 1 .. 25x5 100,000 5 ..- .. 90,000 5.50 ..- .. 155,000 ..-.. 165,000 5.00 ..-.. 175,000 : 1) 31 25x5 2) 2.1) (Weighted-average Method) 2.2) (FIFO) 14. 25x5 9,000 4 1 15,000 4 13,000 25 2 10,000 4.50 20,000 25 3 12,000 5 9,000 25 : 1. Weighted Average 2. FIFO 15. (Periodic Inventory Method) 2,000 20,000 1 25,000 2 2 33,000 3.50 3 13,000 4 69,000 20 : 1. Weighted Average 2. FIFO 268. 3821302 (Fundamental Accounting Principles) 255 16. 25x5 19,000 4 0 1 15,000 41 1 23,000 75 2 30,000 45 2 22,000 75 3 12,000 44 3 9,000 75 : 1. Weighted Average 2. FIFO 1.) (Periodic Inventory Method) 2.)(PerpetualInventoryMethod) 17. 31 25x5 950,000 80,000 12,000 4 1. F.O.B Shipping Point 120,000 2. F.O.B Destination 105,000 3. F.O.B Shipping Point 660,000 4. F.OB Destination 215,000 31 25x5 269. 3821302 (Fundamental Accounting Principles) 256 .................. .............. . . 270. 5 (special journal) ... ( , 2548, 360) 1. (purchase journal) 2. (purchase returns and allowances journal) 3. (sale journal or register) 4. (sales returns and allowances journal) 5. (cash