基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTChapter05 Sales and Sales Journal.ppt

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1、Chapter5SalesandSalesJournalLead-inChapterOnetoChapterFour:basicaccountingconceptsandproceduresofaservice-typesoleproprietorshipNow,accountingpracticeofamerchandisingsoleproprietorshipExamplecontextMrLidecidestoextendhisbusinesstothesaleofmerchandiseandthu

2、sopensastorecalledGuangliFurnitureStore,whichsellsfurnitureandfixtures.FollowtheprocessTheAccountingEquationofaMerchandisingBusinessRevenuefromthesalesofgoodsundertheSalesaccountMerchandise:goodsacquiredbyamerchandisingbusinessforresaletoitscustomersinthes

3、amephysicalcondition.Merchandiseinventory:astockofgoodsthatamerchandisingbusinessacquiresandkeepsonhandforresaletoitscustomersinitsnormaloperations.SalesReturnsandAllowancesSpecialJournalsSpecialjournalsarethosejournalsinwhichthespecializedtypesoftransacti

4、onsarerecorded.SpecialJournals:Salesjournal(S)Purchasesjournal(P)Cashreceiptsjournal(CR)Cashpaymentsjournal(CP)1.SpecialJournals:SalesJournal-----salesoncreditPurchasesJournal-----purchaseoncreditCashreceiptsJournal-------allcashreceiptsCashpaymentsJournal

5、---allcashpayments2.Generaljournal(J)TheSalesJournalSalesjournalisusedtorecordsalesofmerchandiseoncreditonlySincethemoneycolumnisheadedAccountsReceivableDrandSalesCr,asinglelineissufficienttorecordatransaction,whereasatleastthreelinesareneededinthegeneralj

6、ournal(debit,credit,andexplanation).Nowlet’ssupposethatinthefirstmonthofbusiness,GuangliFurnitureStorecompletedthefollowingcreditsales:SalesTaxSalestaxpayable:Valueaddedtax:Achargeontaxablesuppliesofgoodsandservicesbyataxablepersoninthecourseorfurtheranceo

7、fabusiness.TheAccountsReceivableLedgerPractical:tomaintainaseparateaccountforeachchargecustomer.Accountsreceivableledger:thechargecustomersandtheirrespectivebalancecontrollingaccountsubsidiaryledgerPostingfromtheSalesJournalCheckmark(√)isputinthePostingRef

8、erencecolumnpoststhetotalofthecreditsalesfromthesalesjournaltothegeneralledgerbydebitingtheAccountsReceivable(controlling)accountandcreditingtheSalesaccount.PrepareascheduleofaccountsreceivableListingindividu