Capítulo 4 Maduración en espumas estabilizadas por nanopartículas
4.1 Aspectos teóricos
4.2.2 Maduración en espumas polidispersas, Mezcla turbulenta
Page1 Date Account Titles and Explanation Post.
Ref.
Debit Credit
2010 July 1 Cash (+A) 100 2 5 0 0 0
Capital Stock (+SE) 300 2 5 0 0 0
Additional capital stock issued.
1 Buildings (+A) 140 2 4 0 0 0
Cash (-A) 100 2 4 0 0 0
Paid for building.
8 Account Payable (-L) 200 8 0 0
Cash (-A) 100 8 0 0
Paid accounts payable.
10 Cash (+A) 100 5 4 0 0
Accounts Receivable (-A) 103 5 4 0 0
Collected accounts receivable.
12 Feed Expense (-SE) 513 1 1 0 0
Accounts Payable (+L) 200 1 1 0 0
Purchased feed on account
15 Accounts Receivable (+A) 103 4 5 0 0
Horse Boarding Fee Revenue (+SE) 402 4 5 0 0 Billed boarding fees for July.
24 Miscellaneous Expense (-SE) 568 8 0 0
Cash (-A) 100 8 0 0
Paid miscellaneous expenses for July.
31 Interest Expense (-SE) 540 2 0 0
Cash (-A) 100 2 0 0
Paid interest
31 Salaries Expense (-SE) 507 1 4 0 0
Cash (-A) 100 1 4 0 0
Paid salaries for July.
31 Accounts Receivable (+A) 103 3 6 0 0
Riding and Lesson Fee Revenue (+SE) 404 3 6 0 0 Billed riding and lesson fees for July.
31 Dividends (-SE) 320 1 0 0 0
Cash (-A) 100 1 0 0 0
Paid a dividend to stockholders.
b. GREEN HILLS RIDING STABLE, INCORPORATED
General Ledger
Land Account No. 100
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 7 5 0 0 0 Dr
July 1 Stockholders' investment G1 2 5 0 0 0 3 2 5 0 0 Dr
1 Buildings G1 2 4 0 0 0 8 5 0 0 Dr 8 Accounts payable G1 8 0 0 7 7 0 0 Dr 10 Accounts receivable G1 5 4 0 0 1 3 1 0 0 Dr 24 Miscellaneous expense G1 8 0 0 1 2 3 0 0 Dr 31 Interest expense G1 2 0 0 1 2 1 0 0 Dr 31 Salaries expense G1 1 4 0 0 1 0 7 0 0 Dr 31 Dividends G1 1 0 0 0 9 7 0 0 Dr
Accounts Receivable Account No. 103
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 5 4 0 0 Dr
July 10 Cash G1 5 4 0 0 - 0 -
15 Horse boarding fees G1 4 5 0 0 4 5 0 0 Dr 31 Riding and lessons fees G1 3 6 0 0 8 1 0 0 Dr
Land Account No. 130
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 4 0 0 0 0 Dr
Buildings Account No. 140
Date Explanation Post
Ref. Debt Credit Balance
2010 July 1 Cash G1 2 4 0 0 0 2 4 0 0 0 Dr
Accounts Payable Account No. 200
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 8 0 0 Cr
July 8 Cash G1 8 0 0 - 0 -
12 Feed expense G1 1 1 0 0 1 1 0 0 Cr
General Ledger (continued)
Notes Payable Account No. 201
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 4 0 0 0 0 Cr
Capital Stock Account No. 300
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 1 0 0 0 0 Cr
July 1 Cash G1 2 5 0 0 0 3 5 0 0 0 Cr
Retained Earnings Account No. 310
Date Explanation Post
Ref. Debt Credit Balance
2010 June 30 Balance 2 1 0 0 Cr
Dividends Account No. 320
Date Explanation Post
Ref. Debt Credit Balance
2010 July 31 Cash G1 1 0 0 0 1 0 0 0 Dr
Horse Boarding Fee Revenue Account No. 402
Date Explanation Post
Ref. Debt Credit Balance
2010 July 15 Accounts receivable G1 4 5 0 0 4 5 0 0 Cr
Date Explanation Post
Ref. Debt Credit Balance
2010 July 31 Accounts receivable G1 3 6 0 0 3 6 0 0 Cr
General Ledger (concluded)
Salaries Expense Account No. 507
Date Explanation Post
Ref. Debt Credit Balance
2010 July 31 Cash G1 1 4 0 0 1 4 0 0 Dr
Feed Expense Account No. 513
Date Explanation Post
Ref. Debt Credit Balance
2010 July 12 Accounts payable G1 1 1 0 0 1 1 0 0 Dr
Interest Expense Account No. 540
Date Explanation Post
Ref. Debt Credit Balance
2010 July 31 Cash G1 2 0 0 2 0 0 Dr
Miscellaneous Expense Account No. 568
Date Explanation Post
Ref. Debt Credit Balance
2010 July 24 Cash G1 8 0 0 8 0 0 Dr
c. GREEN HILLS RIDING STABLE, INCORPORATED Trial Balance
2010 July 31 Acct.
No. Account Title Debits Credits
100 Cash $ 9,700 103 Accounts Receivable 8,100 130 Land 40,000 140 Buildings 24,000 200 Accounts Payable $ 1,100 201 Notes Payable 40,000 300 Capital Stock 35,000 310 Retained Earnings 2,100 320 Dividends 1,000
402 Horse Boarding Fee Revenue 4,500 404 Riding and Lesson Fee Revenue 3,600 507 Salaries Expense 1,400
513 Feed Expense 1,100
540 Interest Expense 200 568 Miscellaneous Expense 800
3.11 Key terms
Account A part of the accounting system used to classify and summarize the increases, decreases, and balances of each asset, liability, stockholders' equity item, dividend, revenue, and expense. The three-column account is normally used. It contains columns for debit, credit, and balance.
Accounting cycle A series of steps performed during the accounting period (some throughout the period and some at the end) to analyze, record, classify, summarize, and report useful financial information for the purpose of preparing financial statements.
Accrual basis of accounting Recognizes revenues when sales are made or services are performed, regardless of when cash is received. Recognizes expenses as incurred, whether or not cash has been paid out.
Business transactions Measurable events that affect the financial condition of a business.
Chart of accounts The complete listing of the account titles and account numbers of all of the accounts in the ledger; somewhat comparable to a table of contents.
Compound journal entry A journal entry with more than one debit and/or credit.
Credit The right side of any account; when used as a verb, to enter a dollar amount on the right side of an account; credits increase liability, stockholders' equity, and revenue accounts and decrease asset, expense, and Dividends accounts.
Credit balance The balance in an account when the sum of the credits to the account exceeds the sum of the debits to that account.
Cross-indexing The placing of (1) the account number of the ledger account in the general journal and (2) the general journal page number in the ledger account.
Debit The left side of any account; when used as a verb, to enter a dollar amount on the left side of an account; debits increase asset, expense, and Dividends accounts and decrease liability, stockholders' equity, and revenue accounts.
Debit balance The balance in an account when the sum of the debits to the account exceeds the sum of the credits to that account.
Double-entry procedure The accounting requirement that each transaction must be recorded by an entry that has equal debits and credits.
Horizontal analysis The calculation of dollar and/or percentage changes in an item on the financial statements from one year to the next.
Journal A chronological (arranged in order of time) record of business transactions; the simplest form of journal is the two-column general journal.
Journal entry Shows all of the effects of a business transaction as expressed in debit(s) and credit(s) and may include an explanation of the transaction.
Journalizing A step in the accounting recording process that consists of entering the effects of a transaction in a journal.
Ledger The complete collection of all of the accounts of a company; often referred to as the general ledger.
Nominal accounts See temporary accounts.
Note An unconditional written promise to pay to another party the amount owed either when demanded or at a certain specified date.
Permanent accounts (real accounts) Balance sheet accounts; their balances are not transferred (or closed) to any other account at the end of the accounting period.
Posting Recording in the ledger accounts the information contained in the journal.
Real accounts See permanent accounts.
Simple journal entry An entry with one debit and one credit.
T-account An account resembling the letter T, which is used for illustrative purposes only. Debits are entered on the left side of the account, and credits are entered on the right side of the account.
Temporary accounts (nominal accounts) They temporarily contain the revenue, expense, and dividend information that is transferred (or closed) to a stockholders' equity account (Retained Earnings) at the end of the accounting period.
Trial balance A listing of the ledger accounts and their debit or credit balances to determine that debits equal credits in the recording process.
Vertical analysis Shows the percentage that each item in a financial statement is of some significant total such as total assets or sales.
3.12 Self-test
3.12.1 True-false
Indicate whether each of the following statements is true or false.
All of the steps in the accounting cycle are performed only at the end of the accounting period. A transaction must be journalized in the journal before it can be posted to the ledger accounts. The left side of any account is the credit side.
Revenues, liabilities, and capital stock accounts are increased by debits. The dividends account is increased by debits.
If the trial balance has equal debit and credit totals, it cannot contain any errors.
3.12.2 Multiple-choice
Select the best answer for each of the following questions. When the stockholders invest cash in the business: a. Capital Stock is debited and Cash is credited. b. Cash is debited and Dividends is credited. c. Cash is debited and Capital Stock is credited. d. None of the above.
Assume that cash is paid for insurance to cover a three-year period. The recommended debit and credit are:
b. Debit Prepaid Insurance, credit Cash. c. Debit Cash, credit Insurance Expense. d. Debit Cash, credit Prepaid Insurance.
A company received cash from a customer in payment for future delivery services. The correct debit and credit are:
a. Debit Cash, credit Unearned Delivery Fees. b. Debit Cash, credit Delivery Fee Revenue.
c. Debit Accounts Receivable, credit Delivery Fee Revenue. d. None of the above.
A company performed delivery services for a customer for cash. The correct debit and credit are: a. Debit Cash, credit Unearned Delivery Fees.
b. Debit Cash, credit Delivery Fee Revenue.
c. Debit Accounts Receivable, credit Delivery Fee Revenue. d. None of the above.
A cash dividend of USD 500 was declared and paid to stockholders. The correct journal entry is: a. Capital stock 500 Cash 500 b. Cash 500 Dividends 500 c. Dividends 500 Cash 500 d. Cash 500 Capital stock 500
Now turn to “Answers to self-test” at the end of the chapter to check your answers.