1. The balance of each ledger account of Zhenhua Electronic Equipment Manufacturing Company on May 31, 20×1 is as follows (unit: yuan),

   Debit Balance

   Cash on hand 100,880

   Bank deposit, 601,800

   Accounts Receivable 1,403,100

   Interest receivable 100,420

   Long-term deferred expenses 500,000

   Raw materials 902,400

   Fixed assets 3,004,000

   Items in stock 600,000

   Credit Balance

   Short-term loans 1,300,000

   Accounts payable 680,000

   Salaries payable to employees 300,000

   Interest payable 80,000

   Account received in advance 600,000

   Paid-in capital 3,500,000

   Profit distribution- -retained profit 252,300

   Accumulated depreciation 500,300

   
   
2. 
   
3. Required
4. (1) Open a T-shaped account and fill in the opening balance respectively.
5. (2) Prepare accounting entries based on the above information and record them in the corresponding accounts.
6. 
   
7. The following economic transactions occurred in the company in June:
8. 
   
9. (1) On June 1, received the payment of 1,000,000 yuan owed by Company A last month and deposited it in the bank.
10. (2) On June 3, the advance payment of 600,000 yuan from Company B was deposited in the bank.
11. (3) On June 7, cash of 300,000 yuan was withdrawn from the bank to pay employees' wages.
12. (4) On June 8, 500,000 yuan of raw materials were purchased, and the purchase price was fully paid with bank deposits.
13. (5) On June 9, the product of Company B was sold for 600,000 yuan, the goods had been shipped, and a sales invoice was issued, and the payment for the goods was settled with advance receipts.
14. (6) On June 10, employee Fan Wei was on a business trip and received a cash advance of 5,000 yuan.
15. (7) On June 11, repay the short-term loan of 600,000 yuan with bank deposits, and pay the corresponding interest of 18,000 yuan.
16. (8) On June 12, a piece of equipment was purchased for 35,000 yuan, paid in bank deposits.
17. (9) On June 14, the payment owed last month of 18,000 yuan was paid with bank deposits.
18. (10) On June 16, pay 27,000 yuan for the water and electricity bills of the sales department this month with bank deposits.
19. (11) On June 20, pay the house rent of 120,000 yuan for the next year with bank deposits.
20. (12) On June 24, employee Fan Wei returned from a business trip and was reimbursed 4,350 yuan for travel expenses, and the balance was returned in cash.
21. (13) On June 30, 1,264,000 yuan of materials were consumed in production this month.

Answer rating: 100% (QA)

1 Tshaped account with opening balances Debit side Credit side Cash on hand 100880 Shortterm loans 1... View the full answer