CHAPTER 1:

RECORDING BUSINESS
TRANSACTION
LECTURER: PHAM TU ANH
PHONE NUMBER: 091.749.2270
I. ACCOUNTING OBJECTS
1.ASSETS: Tài sản
- Cash: Tiền mặt
- Materials: Nguyên vật liệu
- Buildings: nhà cửa
- Supplies = Tools: Công cụ dụng cụ
- Equipment: thiết bị
- Land: đất
- Machinery: máy móc
- Finished Goods: thành phẩm
- Merchandise Goods: hàng hóa
- Work-in-process: sản phẩm dở dang
- Account Receivable: khoản phải thu
I. ACCOUNTING OBJECTS
2. LIABILITIES:
- Loans: vay 341
- Tax payable: thuế 333
- Salary/Wage payable: lương 334
- Account Payable 331 đã ký giấy nợ
- Notes Payable 331 chưa ký giấy nợ

3. EQUITY:
- Nguyen Van A, Capital = Capital stock vốn đầu tư chủ sở hữu
- Drawings Bản vẽ
- Retained earnings Lợi nhuận chưa phân phối
- Reserves Các khoản dự phòng
I. ACCOUNTING OBJECTS
4. Revenue
- Sales revenue 511 doanh thu hàng bán
- Service revenue 515 doanh thu dịch vụ

5. Expenses:
- Rent expense Chi phí thuê nhà
- Salary/Wage expense Tiền lương
- Lease expense Chi phí cho thuê
- Electricity and gas expense Chi phí điện ga
- Utilities expense Chi phí tiện ích
- Depreciation expense Chi phí khấu hao
- …. expense
II. ACCOUNTS
III. Transaction analysis, journalizing and
posting to the accounts
III. Transaction analysis, journalizing and
posting to the accounts

Requirement:
a. Journalize the transactions
b. Post to the ledger
c. Prepare the trial balance
a. Journalize the transactions
Number Account and Explanation
Dr Cash: 30,000
1
Cr Capital stock: 30,000
Dr Land: 20,000
2
Cr Cash: 20,000
Dr Supplies: 500
3
Cr Accounts payable: 500
Dr Cash: 5,500
4
Cr Service Revenue: 5,500
Dr Account receivable:
3,000
5 Cr Service revenue:
3,000

Dr Rent Expense, Computer

Dr Rent Expense, Office 600
Dr Salary expense 1,100
6 1,200
Dr Electricity and gas expense 400
4,300
Cr Cash:
Dr Accounts payable: 300
7
Cr Cash: 300
8
Dr Cash: 1,000
9
Cr Account receivable: 1,000
Dr Cash: 9,000
10
Cr Land: 9,000
Dr Drawings:
2,000
11 Cr Cash:
2,000
b. Post to the ledgers
c. Prepare unadjusted trial balance
Smart Touch Learning
Unadjusted Trial balance
As at 31 May 20X2
Accounts Balance
Dr Cr
Cash 19,900
Capital stock 30,000
Land 11,000
Supplies 500
Accounts payable 200
Service Revenue 8,500
Rent Expense, Computer 600
Rent Expense, Office 1,100
Salary expense 1,200
Electricity and gas expense 400
Account receivable 2,000
Drawings 2,000
Total 7,300 7,300
Homeworks
◦ On September 1, 2014 Michael Moe began Moe’s Mowing, Inc, a company that provides mowing and
landscaping services

Requirement:
a. Journalize the transactions
b. Post to the ledger
c. Prepare the trial balance
a. Journalize the transactions
Number Account and Explanation Dr Cr

a Dr Cash 10,000
Cr Michael, Capital -10,000
b Dr Equipment 3,500
Cr Accounts payable -3,500
c Dr Supplies 800
Cr Cash -800
d Dr Account receivable 2,600
Cr Service Revenue -2,600
e Dr Accounts payable 500
Cr Cash -500
f Dr Cash 2,000
Cr Service Revenue -2,000
g Dr Repairs Expense 200
Cr Cash -200
h Dr Salary expense 900
Cr Cash -900
i Dr Cash 2,100
Cr Account receivable -2,100
j Dr Drawings 1,500
Cr Cash -1,500
b. Post to the ledgers
c. Prepare unadjusted trial balance
Smart Touch Learning
Unadjusted Trial balance
As at 31 May 20X2
Accounts Balance
Dr Cr
Cash 10,200
Michael, Capital 10,000
Accounts payable 3,000
Supplies 800
Account receivable 500
Service Revenue 4,600
Equipment 3,500
Repairs Expense 200
Salary expense 900
Drawings 1,500