bat4m Cheat Sheet - Income statement(month ended closing...

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Income statement(month ended) 注意 closing income summary 要看是 Dr or Cr( 上下 ) Periodic(never M/I,COGS) Buyer double 开始的数减少, Revenues posting closing trial balance capital -drawing + 1Purchase Marchandise:DR.Purchases,CR.AP or Cash goodwell 没有每年花费, patent 有,按照 Service revenue $4700 赚赔多少 2.shipping Costs,DR.Freight-In CR.Cash DR Amort expense,CR Accu, Amort Expenses internal users: FINANCE DIRECTORS, marketing 3.Purchase Return,DR.AP or Cash,CR.Purchase Return Write off before Before AR 的数减去 Salaries expense $950 managers, human resources personnel, production and Allowances(contra expense) AFDA=# ,后来是减去 balance 给的数 -X=# Rent expense 1000 supervisors, company officers 4.Purchase Discount,DR.AP,CR.cash,CR.Purchase NBV=Cost-Accu.Amort Total expenses 1950 external:investors, creditors,labour unions,customers, Discount(contra Expense) NRV=AR-AFDA AFDA is AR contra account Net income $2750 taxing authorities,regulatory agencies,economic planners Seller Assets turnover Rate: net Sales/average Statement of Owner’s Equity(month ended) adjusting entries T account 包含 adjusting entries 1Sales Merchanise,DR.A/R or Cash, CRSales Revenue total assets 大好 M.Doucent, capital, Sep1 $ 0 的所有项, closing entries 的有 capital temportory 2.Shipping Cost:DR.Shipping Expenses,CR Cash
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