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Exercise 2-4Requirement 1Sales price = 100 units x $600 = $60,000 x 70% = $42,000Requirement 2Exercise 7-4 (concluded)Requirement 3Requirement 1, using the net method:Requirement 2, using the net method:Exercise 2-7Requirement 1Estimated returns = 4% x $11,500,000 = $460,000Less: Actual returns (450,000)Remaining estimated returns $10,000Note: another series of journal entries that produce the same end result would be:Exercise 2-7 (continued)Requirement 2Beginning balance in allowance account $300,000 Add: Year-end estimate 460,000 Less: Actual returns (450,000) Ending balance in allowance account $310,000Exercise 2-8Requirement 1Bad debt expense = $67,500 (1.5% x $4,500,000)Requirement 2Allowance for uncollectible accountsBalance, beginning of year $42,000 Add: Bad debt expense for 2011 (1.5% x $4,500,000) 67,500 Less: End-of-year balance (40,000) Accounts receivable written off $69,500 Requirement 3$69,500 — the amount of accounts receivable written off.Exercise 2-9Requirement 1To record the write-off of receivables.To reinstate an account previously written off and to record the collection.Allowance for uncollectible accounts:Balance, beginning of year $32,000Deduct: Receivables written off (21,000) Add: Collection of receivable previously written off 1,200Balance, before adjusting entry for 2011 bad debts 12,200Required allowance: 10% x $625,000 (62,500) Bad debt expense $50,300 To record bad debt expense for the year.Requirement 2Current assets:Accounts receivable, net of $62,500 allowancefor uncollectible accounts $562,500Exercise 2-10Using the direct write-off method, bad debt expense is equal to actual write-offs. Collections of previously written-off receivables are recorded as revenue.Allowance for uncollectible accounts:Balance, beginning of year $17,280Deduct: Receivables written off (17,100)Add: Collection of receivables previously written off 2,200Less: End of year balance (22,410)Bad debt expense for the year 2011 $20,030 Exercise 2-11($ in millions)Allowance for uncollectible accounts:Balance, beginning of year $16Add: Bad debt expense 14Less: End of year balance (18)Write-offs during the year $ 12*Accounts receivable analysis:Balance, beginning of year ($1,084 + 16)$ 1,100Add: Credit sales 4,271Less: Write-offs* (12)Less: Balance end of year ($953 + 18) (971)Cash collections $4,388Exercise 2-12Requirement 1Requirement 22011 income before income taxes would be understated by $900 2012 income before income taxes would be overstated by $900.Exercise2-13Requirement 1Requirement 2$ 1,800 interest for 9 months÷ $28,200 sales price= 6.383% rate for 9 monthsx 12/9to annualize the rate_______= 8.511% effective interest rateExercise 2-14Requirement 1Book value of stock $16,000Plus gain on sale of stock 6,000= Note receivable $22,000Interest reported for the year $ 2,200= 10% rate Divided by value of note $ 22,000 Requirement 2To record sale of stock in exchange for note receivable.To accrue interest on note receivable for twelve months.Exercise 2-15Exercise 2-16Exercise 2-17Exercise 2-18Mountain High retains significant risks and rewards and therefore must treat the transfer as a secured borrowing. The accounts receivable stay on the balance sheet of Mountain High, and they must record a liability.Exercise 2-19Step 1: Accrue interest earned.Step 2: Add interest to maturity to calculate maturity value.Step 3: Deduct discount to calculate cash proceeds.Step 4: To record a loss for the difference between the cash proceeds and the note’s book value.Exercise 2-21Requirement 1Step 1: To accrue interest earned for two months on note receivableStep 2: Add interest to maturity to calculate maturity value.Step 3: Deduct discount to calculate cash proceeds.Exercise 7-21 (continued)Step 4: To record a loss for the difference between the cash proceeds and the note’s book value.Exercise 2-21 (concluded)Requirement 2To accrue interest earned on note receivable.。
《中级财务会计（双语）》教案任课教师：唐玲授课班级：课程学分： 4课程总学时：72课程周学时： 4上课周次：16教学进度计划教学内容总学时教学手段教学环境第一章总论 4 多媒体课堂教学第二章货币与金融资产 6 多媒体课堂教学第三章应收及预付款项 4 多媒体课堂教学第四章存货 6 多媒体课堂教学第五章长期股权投资 6 多媒体课堂教学第六章固定资产8 多媒体课堂教学第七章无形资产及其他资产 4 多媒体课堂教学第八章流动负债 6 多媒体课堂教学第九章长期负债 4 多媒体课堂教学第十章所有者权益 2 多媒体课堂教学第十一章收入、费用、利润6多媒体课堂教学第十二章财务报告 6 多媒体课堂教学实习10 课堂实践合计72每节课时分配参见课程教学的基本内容。
参考书目：（一）使用教材：唐纳德.E.基索、杰里.J.韦安特著《Intermediate Accounting》中国人民大学出版社李宝珍、裴淑红编《财务会计学》中国市场出版社（二）主要参考书目：《中级会计实务》财政部会计资格评价中心编经济科学出版社《注册会计师全国统一考试辅导教材——会计》中国财政经济出版社《Financial Accounting》，沃尔特·T·小哈里森、查尔斯·T·亨格瑞，美国：清华大学出版社，课程简介中级财务会计（双语）课程是会计学专业、财务管理专业的一门专业必修课和核心课程，是会计专业知识结构中的主体部分。
本课程的任务是介绍财务会计的基本理论和实务，培养学生从事财务会计工作应具备的基本知识、基本技能和操作能力。
本课程共72学时，4.5个学分，其中62个学时为课堂讲授，10个实习课时。
通过本课程的教学，使学生能够掌握会计核算的相关知识和方法，为其进一步学习打下良好的基础。
教学中应注意对学生基本技能的培养，实现应用型人才的培养目标。
课次 1 课时 2 累计课时 2 教学目的与要求通过教学，应使学生了解该课程的内容；一般掌握理解财务会计的目标、基本假设、会计信息质量要求。
