Please prepare accounting entries based on the following transactions that occurred in June this yea

1) Purchased equipment, unpaid:

Debit: Fixed Assets 11300 (10000 500 800) Credit: Accounts Payable 11300

2) Pay the purchase price, transportation and miscellaneous expenses of the above-mentioned purchased equipment

Debit: Accounts payable 11300

Credit: Bank deposit 11300

3) Purchase materials, materials have not been put into storage:

Borrow: 300,000 in transit

Credit: Bank deposit 300000

4) The above materials are inspected into the library

Borrow: Raw materials 300000

Credit: 300,000 for materials in transit

5) Issuing materials:

Borrow: Production cost 60000

Credit: Raw materials 60000

6) Advance receipt:

Debit: Bank deposit 12000

Credit: Accounts Received in Advance - Customer A 12000 (20000 60%) 7) Sales of goods:

Debit: Accounts Received in Advance – Customer A 20000

Credit: main business income 20,000

Balance Received: Debit: Bank Deposit 8000

Credit: Accounts Received in Advance - Customer A 8000 (20000 12000) Note] The above two entries shall not be combined into one entry.

8) It is found that the material inventory is losing (before approval):

Borrow: Loss and Excess of Property to be Handled - Loss and Excess of Current Assets to be Handled 2000 (20 100) Credit: Raw Materials 2000

9) Dealing with material inventory loss (after approval):

Debit: Other receivables – Warehouse Keeper 2000

Credit: Pending Property Loss and Excess - Pending Current Asset Loss and Excess 200010) Compensation received:

Borrow: Cash on hand 2000

Credit: Other Receivables – Warehouse Keeper 2000

11) Advance Rent:

Debit: 30000 prepaid

Credit: Bank deposit 30000

12) Distribute wages:

Borrow: Production cost 100,000

Manufacturing cost 6000

Management fee 10000

Credit: Employee Compensation Payable - Salary 116,000

13) Provision for depreciation:

Borrow: Manufacturing cost 5000

Management fee 1000

Credit: Accumulated depreciation of 6000

14) Pay your electricity bill:

Borrow: 500 for administrative expenses

Credit: Cash on hand 500

15) Arrears before receipt:

Debit: Bank deposit 30000

Credit: Accounts receivable 30000

16) Finished product inspection into the library:

Borrow: 100,000 items in stock

Credit: Production cost 100,000

17) Pay the arrears before payment:

Debit: Accounts payable 80000

Credit: Bank deposit 80000

18) Withdrawal of surplus reserves:

Borrow: Profit distribution - withdrawal of surplus reserve 10,000

Credit: surplus reserve 10,000

The one on the first floor above is exactly right and also meets the revised guidelines.

Categories: Business Banking >> Finance & Tax.

Problem description: 1. The enterprise purchased 1,000 kilograms of C material from Hongguang Company, at 120 yuan per kilogram, and the input VAT was 20,400 yuan, and the payment had been paid by bank deposit, but the materials had not yet been delivered to the enterprise.

2. The above-mentioned purchased materials are transported to the inspected warehouse and the purchase cost is carried forward.

3. The warehouse issued 70,106 yuan of materials, of which: 39,200 yuan for the production of product A, 26,300 yuan for the production of product B, 806 yuan for the production workshop, 1,600 yuan for the administrative department, and 2,200 yuan for the special sales agency.

4. Sold a batch of product A to Jianghan Company, with a price of 70,000 yuan and a value-added tax of 11,900 yuan, and the product has been sent, but the payment has not yet been received.

5. Carry forward the sales cost of product A this month of 30 000 yuan.

Analysis: 1Borrow: Material Procurement - C Material 120,000 Tax Payable = VAT Payable (Input Tax) 20,400 Credit: Bank Deposit 140,400

2.Borrow: Raw material - C material 120000

Credit: Material Procurement - C Material 120000

3.Borrow: Production Cost - A Product 39200

bProduct 26300

Manufacturing cost 806

Administrative fee 1600

Operating expenses 2200

Credit: Raw Materials 70106

4.Debit: Accounts receivable 81900

Credit: main business income - product A 70000

Tax Payable - VAT Payable (Output Tax) 119005Borrow: Cost of main business - 30,000 for product A

Credit: Inventory Goods-A Product 30000