会计专业英语：编制财务报表案例

Let’sanalyzesometransactionsforJJ’sLawnCareService.JJ'sLawnCareServiceBalanceSheetMay1,2007AssetsCash8,000$CapitalStock8,000$Total8,000$Total8,000$Owners'EquityOnMay1,JillJonesandherfamilyinvested$8,000inJJ’sLawnCareServiceandreceived800sharesofstock.JJ'sLawnCareServiceBalanceSheetMay2,2007AssetsCash5,500$CapitalStock8,000$Tools&Equipment2,500Total8,000$Total8,000$Owners'EquityOnMay2,JJ’spurchasedaridinglawnmowerfor$2,500cash.OnMay8,JJ’spurchaseda$15,000truck.JJ’spaid$2,000downincashandissuedanotepayablefortheremaining$13,000.JJ'sLawnCareServiceBalanceSheetMay8,2007AssetsCash3,500$Liabilities:Tools&Equipment2,500NotesPayable13,000$Truck15,000Owners'Equity:CapitalStock8,000Total21,000$Total21,000$LiabilitiesandOwners'EquityJJ'sLawnCareServiceBalanceSheetMay11,2007AssetsCash3,500$Liabilities:Tools&Equipment2,800NotesPayable13,000$Truck15,000AccountsPayable300TotalLiabilities13,300$Owners'Equity:CapitalStock8,000Total21,300$Total21,300$LiabilitiesandOwners'EquityOnMay11,JJ’spurchasedsomerepairpartsfor$300onaccount.JJ'sLawnCareServiceBalanceSheetMay18,2007AssetsCash3,500$Liabilities:AccountsReceivable150NotesPayable13,000$Tools&Equipment2,650AccountsPayable300Truck15,000TotalLiabilities13,300$Owners'Equity:CapitalStock8,000Total21,300$Total21,300$LiabilitiesandOwners'EquityJillrealizedshehadpurchasedmorerepairpartsthanneeded.OnMay18,JJ’swasabletosellhalfoftherepairpartstoABCLawnsfor$150,apriceequaltoJJ’scost.JJ’swillreceivethecashwithin30days.JJ'sLawnCareServiceBalanceSheetMay25,2007AssetsCash3,575$Liabilities:AccountsReceivable75NotesPayable13,000$Tools&Equipment2,650AccountsPayable300Truck15,000TotalLiabilities13,300$Owners'Equity:CapitalStock8,000Total21,300$Total21,300$LiabilitiesandOwners'EquityOnMay25,ABCLawnspaysJJ’s$75asapartialsettlementofitsaccountsreceivable.JJ'sLawnCareServiceBalanceSheetMay28,2007AssetsCash3,425$Liabilities:AccountsReceivable75NotesPayable13,000$Tools&Equipment2,650AccountsPayable150Truck15,000TotalLiabilities13,150Owners'Equity:CapitalStock8,000Total21,150$Total21,150$LiabilitiesandOwners'EquityOnMay28,JJ’spays$150ofitsaccountspayable.JJ'sLawnCareServiceBalanceSheetMay29,2007AssetsCash4,175$Liabilities:AccountsReceivable75NotesPayable13,000$Tools&Equipment2,650AccountsPayable150Truck15,000TotalLiabilities13,150Owners'Equity:CapitalStock8,000RetainedEarnings750Total21,900$Total21,900$LiabilitiesandOwners'EquityOnMay29,JJ’srecordedlawncareservicesprovidedduringMayof$750.Allclientswerepaidincash.JJ'sLawnCareServiceBalanceSheetMay31,2007AssetsCash4,125$Liabilities:AccountsReceivable75NotesPayable13,000$Tools&Equipment2,650AccountsPayable150Truck15,000TotalLiabilities13,150Owners'Equity:CapitalStock8,000RetainedEarnings700Total21,850$Total21,850$LiabilitiesandOwners'EquityNow,let’sreviewhowJJ’stransactionsaffectedtheaccountingequation.OnMay31,JJ’spurchasedgasolineforthelawnmowerandthetruckfor$50cash.Assets=Liabilities+Cash+Accts.Rec.+Tools&Equip.+Truck=NotesPayable+Accts.Pay.+CapitalStock+RetainedEarningsMay18,000$8,000$Balances8,000$8,000$May2(2,500)2,500$Balances5,500$2,500$8,000$May8(2,000)15,000$13,000$Balances3,500$2,500$15,000$13,000$8,000$May11300300$Balances3,500$2,800$15,000$13,000$300$8,000$May18150$(150)Balances3,500$150$2,650$15,000$13,000$300$8,000$May2575(75)Balances3,575$75$2,650$15,000$13,000$300$8,000$May28(150)(150)Balances3,425$75$2,650$15,000$13,000$150$8,000$May29750750Balances4,175$75$2,650$15,000$13,000$150$8,000$750$May31(50)(50)Balances4,125$75$2,650$15,000$13,000$150$8,000$700$Owners'EquityAssets=Liabilities+Cash+Accts.Rec.+Tools&Equip.+Truck=NotesPayable+Accts.Pay.+CapitalStock+RetainedEarningsMay18,000$8,000$Balances8,000$8,000$May2(2,500)2,500$Balances5,500$2,500$8,000$May8(2,000)15,000$13,000$Balances3,500$2,500$15,000$13,000$8,000$May11300300$Balances3,500$2,800$15,000$13,000$300$8,000$May18150$(150)Balances3,500$150$2,650$15,000$13,000$300$8,000$May2575(75)Balances3,575$75$2,650$15,000$13,000$300$8,000$May28(150)(150)Balances3,425$75$2,650$15,000$13,000$150$8,000$May29750750Balances4,175$75$2,650$15,000$13,000$150$8,000$750$May31(50)(50)Balances4,125$75$2,650$15,000$13,000$150$8,000$700$Owners'EquityThesetransactionsimpacttheStatementofCashFlows.ThesetransactionsimpacttheIncomeStatement.Let’spreparetheIncomeStatementandStatementofCashFlowsforJJ’sLawnCareServiceforthemonthendingMay31,2007.JJ'sLawnCareServiceIncomeStatementFortheMonthEndedMay31,2007SalesRevenue750$OperatingExpense:GasolineExpense50NetIncome700$InvestmentsbyandpaymentstotheownersarenotincludedontheIncomeStatement.JJ'sLawnCareServiceStatementofCashFlowsFortheMonthEndedMay31,2007Cashflowsfromoperatingactivities:Cashreceivedfromrevenuetransactions750$Cashpaidforexpenses(50)Netcashprovidedbyoperatingactivities700$Cashflowsfrominvestingactivities:Purchaseoflawnmower(2,500)$Purchaseoftruck(2,000)Collectionforsaleofrepairparts75Paymentforrepairparts(150)Netcashusedbyinvestingactivities(4,575)Cashflowsfromfinancingactivities:Investmentbyowners8,000Increaseincashformonth4,125$Cashbalance,May1,2007-C