【導讀】(60-75min.)P1-2A. Req.1. PeavyDesign. ASSETS. LIABILITIES. +. OWNER’S. EQUITY. DATE. CASH. +. ACCOUNTS. RECEIVABLE. +SUPPLIES. +. LAND. ACCOUNTS. PAYABLE+. DANIEL. PEAVY,CAPITAL. TYPEOF. OWNER’SEQUITY. TRANSACTION. Bal.1,7203,24024,1005,40023,660. a)12,000___________12,000Ownerinvestment. Bal.13,7203,24024,1005,40035,660. b)(5,400)______(5,400)______. Bal.8,3203,24024,100. -0-. 35,660. c)1,100______1,100Servicerevenue. Bal.9,4203,24024,10036,760. d)750(750)____________. Bal.10,1702,49024,10036,760. e)720______. 720. ______. Bal.10,1702,49072024,100. 720. 36,760. f)5,000______________5,000Servicerevenue. Bal.10,1707,49072024,10072041,760. g)1,700______________1,700Ownerinvestment. Bal.11,8707,49072024,10072043,460. h)(1,200)(1,200)Rentexpense. Bal.10,0107,49072024,10072041,600. i)_____(80)________________. 80. Bal.10,0907,49064024,10072041,600. Bal.6,0907,49064024,10072037,600. 38,32038,320. (continued)P1-2A. Req.2. PeavyDesign. IneStatement. MonthEndedMay31,20X5. Revenues:. Servicerevenue($1,100+$5,000)$6,100. Expenses:. Rentexpense$1,200. Advertisingexpense. 660. Totalexpenses1,860. Netine$4,240. Req.3. PeavyDesign. StatementofOwner’sEquity. MonthEndedMay31,20X5. DanielPeavy,capital,April30,20X5$23,660. Netineforthemonth4,240. 41,600. DanielPeavy,capital,May31,20X5$37,600. (continued)P1-2A. Req.4. PeavyDesign. BalanceSheet. May31,20X5. ASSETSLIABILITIES. Cash$6,090Accountspayable$720. Supplies640OWNER’SEQUITY. Land24,100DanielPeavy,capital37,600. Totalassets$38,320owner’sequity$38,320. (20-25min.)P1-3A. Jacobs-CatheyHeating&Cooling. Date. TypeofTransaction. IncreaseCash,$4,000. DecreaseCash,$2,000. IncreaseSupplies,$300. 19Investmentof$1,000byowner. IncreaseCash,$1,000. IncreaseOwner’sEquity(Capital),$1,000. DecreaseCash,$1,100. 22Cashsaleofland,$6,000. IncreaseCash,$6,000. DecreaseLand,$6,000. DecreaseSupplies,$700. DecreaseCash,$600. IncreaseSupplies,$600. DecreaseCash,$5,100. DecreaseOwner’sEquity(Capital),$5,100. (20-30min.)P1-4A. a.IneStatement. Servicerevenue$70,000. Salaryexpense$22,000. Rentexpense7,000. Totalexpenses33,000. Netine$37,000. b.StatementofOwner

　　

【正文】 est money to start the business 2. Purchase land and a building 3. Renovate the building to make it suitable for a kennel 4. Purchase pet food and other supplies that will be needed to operate a kennel 5. Advertise the business 6. Earn service revenue by keeping pets 7. Pay utility bills 8. Use pet food and other supplies to take care of the pets 9. Pay the wages of an employee 10. Borrow money if necessary 11. Withdraw cash for personal living costs Student answers may vary. (continued) Project 1 Suggested Answers Req. 3 Pet Kennel Ine Statement Month Ended August 31, 20XX Revenue: Service revenue $4,000 Expenses:* Wage expense $500 Supplies expense 400 Advertising expense 300 Utilities expense 100 1,300 Net ine $2,700 __________ *Students may also include depreciation expense on the building. Pet Kennel Statement of Owner’s Equity Month Ended August 31, 20XX Your name, capital, August 1, 20XX $ 0 Add: Investment by owner 30,000 Net ine for the month 2,700 32,700 Less: Withdrawal by owner (2,000) Your name, capital, August 31, 20XX $30,700 (continued) Project 1 Suggested Answers Req. 3 – continued Pet Kennel Balance Sheet August 31, 20XX ASSETS LIABILITIES Cash $ 800 Accounts payable $ 300 Supplies 200 Land 5,000 OWNER’S EQUITY Building 25,000 Your name, capital 30,700 Total liabilities and Total assets $31,000 owner’s equity $31,000 Req. 4 Evaluate the success of the business by its ? Net ine or loss for the period, as reported on the ine statement ? Financial position at the end of the period, as reported on the balance sheet Specifically, you hope to earn a ine, and you hope to end the period with assets far in excess of your liabilities. Finally, you also need plenty of cash to continue in business. Project 2 Suggested Answers Req. 1 – Factors to consider in establishing the business: 1. How to anize the business—as a proprietorship, a partnership, or a corporation (assume you have decided to anize as a proprietorship) 2. Where to locate the headquarters of the business 3. How much of your own time and money to mit to the business 4. How to finance the business—with your own personal money or through borrowing 5. How many people to employ for the business 6. How to measure the business’s success or failure。 how to account for the assets, liabilities, and operations of the business 7. What type of music to feature. What age group or interest group to appeal to 8. Whether to sell concessions (food, drinks, Tshirts, and so on) yourself or to arrange for outsiders to sell concessions at the concert 9. How to advertise the business (newspapers, radio, posters) (continued) Project 2 Req. 1 – continued 10. Whether to sponsor the concerts yourself or to arrange for corporate or charitable anizations to sponsor the concerts Student answers may vary. (continued) Project 2 Suggested Answers Req. 2 – Items to arrange in order to promote and stage a rock concert: 1. Which band (or bands) to feature at the concerts 2. How much and when to pay the performers (flat rate or a percentage of gate receipts) 3. Where to stage the concerts and how to pay for the site rental 4. Need for city or county permits to stage a concert 5. How to ensure security at the concert 6. How to get people to e to the concert. How to advertise the concerts (newspapers, radio, posters, or other) and how much to pay for advertising 7. How to offer concessions (buy and sell them yourself or arrange for outside concessionaires). If outsiders, how will they be pensated—keep their own revenues or share them with you? 8. Need for traffic control if the crowd disrupts city traffic 9. Weather considerations if the concert is staged outdoors 10. Timing of the concert in relation to other events in the area at the time. Student answers may vary. (continued) Project 2 Suggested Answers Req. 3 Concert Enterprises Ine Statement Three Months Ended August 31, 20XX Revenues: Ticket sales revenue $500,000 Concession revenue 100,000 Total revenue 600,000 Expenses: Band expense $200,000 Advertising expense 100,000 Concession expense 40,000 Rent expense 30,000 Security expense 15,000 Utilities expense 3,000 Permits expense 2,000 Total expenses 390,000 Net ine $210,000 Concert Enterprises Statement of Owner’s Equity Three Months Ended August 31, 20XX Your name, capital, May 31, 20XX $ 0 Add: Investments by owner 1,000 Net ine for the period 210,000 211,000 Less: Withdrawals by owner (3,000) Your name, capital, August 31, 20XX $208,000 (continued) Project 2 Suggested Answers Req. 3 continued Concert Enterprises Balance Sheet August 31, 20XX ASSETS LIABILITIES Cash $203,000 Accounts payable $ 7,000 Receivables 8,000 Office supplies 4,000 OWNER’S EQUITY Your name, capital 208,000 Total liabilities and Total assets $215,000 owner’s equity $215,000 Req. 4 Evaluate the success of the business by its ? Net ine or loss for the period, as reported on the ine statement ? Financial position at the end of the period, as reported on the balance sheet Specifically, you hope to earn a ine, and you hope to end the period with assets far in excess of your liabilities. Finally, you also need plenty of cash to continue in business.