Читать книгу QuickBooks 2022 All-in-One For Dummies - Nelson Stephen L., Stephen L. Nelson - Страница 42
Almost a Real-Life Example
ОглавлениеTo cement the concepts that I talk about in the preceding paragraphs of this chapter, I want to quickly step through the journal entries, or bookkeeping transactions, that you’d record in the case of the hot dog stand discussed in Book 1, Chapter 1. To start, you need to know that the balance sheet shown in Table 2-2 is the balance sheet at the start of the day, which means that the account balances in all the accounts appear as shown in Table 2-7. This list of account balances is called a trial balance. It shows the debit or credit balance for each account.
TABLE 2-7 A Trial Balance at the Start of the Day
| Account | Debit | Credit |
|---|---|---|
| Cash | $1,000 | |
| Inventory | 3,000 | |
| Accounts payable | $2,000 | |
| Loan payable | 1,000 | |
| S. Nelson, capital | _____ | 1,000 |
| Totals | $4,000 | $4,000 |
I’m assuming that no year-to-date revenue or expenses exist yet for the hot dog stand. In other words, the operation is at a starting period.
You may want to take a quick peek at Table 2-1, shown earlier. It summarizes the business activities of the hot dog stand. The journal entries that follow show how the information necessary for this statement would be recorded.
