会计英语课后习题答案
- 格式：doc
- 大小：124.00 KB
- 文档页数：15
-
Suggested Solution
Chapter 1
1.
Effect on the accounting equation (1) (2) (3) (4) (5) (6)
(a) Increase in one asset, decrease in
another asset. √
(b) Increase in an asset, increase in a
liability.
(c) Increase in an asset, increase in
capital. √ √
(d) Decrease in an asset, decrease in a
liability. √
(e) Decrease in an asset, decrease in
capital. √ √
2.
Transactions Assets
+/- Liabilities
+/- Owner’s equity
+/-
1 + +
2 + +
3 - -
4 +
+
5 + +
6 - -
7 - -
8 +/-
9 - -
10 - -
3.
Describe each transaction based on the summary above.
Transactions
1 Purchased land for cash, $6,000.
2 Investment for cash, $3,200.
3 Paid e*pense $1,200.
4 Purchased supplies on account, $800.
5 Paid owner’s personal use, $750.
6 Paid creditor, $1,500
7 Supplies used during the period, $630.
4.
Assets Liabilities Equity
Beginning 275,000 80,000 195,000
Add. investment 48,000 -
Add. Net ine 27,000
Less withdrawals -35,000
Ending 320,000 85,000 235,000
5.
(a)
March 31, 20** April 30, 20**
Assets
Cash 4,500 5,400
Accounts receivable 2,560 4,100
Supplies 840 450
Total assets 7,900 9,950
Liabilities
Accounts payable 430 690
Equity
Tina Pierce, Capital 7,470 9,260
(b) net ine = 9,260-7,470=1,790
(c) net ine = 1,790+2,500=4,290
Chapter 2
1.
a. To increase Notes Payable -CR
b. To decrease Accounts Receivable-CR
c. To increase Owner, Capital -CR
d. To decrease Unearned Fees -DR
e. To decrease Prepaid Insurance -CR
f. To decrease Cash - CR
g. To increase Utilities E*pense -DR
h. To increase Fees Earned -CR
i. To increase Store Equipment -DR
j. To increase Owner, Withdrawal -DR
2.
Cash 1,800
Accounts payable 1,800
Revenue 4,500
Accounts receivable 4,500
Owner’s withdrawals 1,500
Salaries E*pense 1,500
Accounts Receivable 750
Revenue 750
3.
Prepare adjusting journal entries at December 31, the end of the year.
Advertising e*pense 600
Prepaid advertising 600 -
Insurance e*pense (2160/12*2) 360
Prepaid insurance 360
Unearned revenue 2,100
Service revenue 2,100
Consultant e*pense 900
Prepaid consultant 900
Unearned revenue 3,000
Service revenue 3,000
4.
1. $388,400
2. $22,520
3. $366,600
4. $21,800
5.
1. net loss for the year ended June 30, 2002: $60,000
2. DR Jon Nissen, Capital 60,000
CR ine summary 60,000
3. post-closing balance in Jon Nissen, Capital at June 30, 2002: $54,000
Chapter 3
1. Dundee Realtybankreconciliation
October 31, 2021
Reconciled balance $6,220 Reconciled balance $6,220
2. April 7 Dr: Notes receivable—A pany 5400
Cr: Accounts receivable—A pany 5400
12 Dr: Cash 5394.5
Interest e*pense 5.5
Cr: Notes receivable 5400
June 6 Dr: Accounts receivable—A pany 5533
Cr: Cash 5533
18 Dr: Cash 5560.7
Cr: Accounts receivable—A pany 5533
Interest revenue 27.7
3. (a) As a whole: the ending inventory=685
(b) applied separately to each product: the ending inventory=625
4. The cost of goods available for sale=ending inventory + the cost of
goods=80,000+200,000*500%=80,000+1,000,000=1,080,000
5.(1) 24,000+60,000-90,000*0.8=12000
(2) (60,000+24,000)/( 85,000+31,000)*( 85,000+31,000-90,000)=18828
Chapter 4 -
1. (a) second-year depreciation = (114,000 – 5,700) / 5 = 21,660;
(b) second-year depreciation = 8,600 * (114,000 – 5,700) / 36,100 = 25,800;
(c) first-year depreciation = 114,000 * 40% = 45,600
second-year depreciation = (114,000 – 45,600) * 40% = 27,360;
(d) second-year depreciation = (114,000 – 5,700) * 4/15 = 28,880.
2. (a) weighted-average accumulated e*penditures (2021) = 75,000 * 12/12 +
84,000 * 9/12 + 180,000 * 8/12 + 300,000 * 7/12 + 100,000 * 6/12 = 483,000
(b) interest capitalized during 2021 = 60,000 * 12% + ( 483,000 – 60,000) *
10% =49,500
3. (1) depreciation e*pense = 30,000
(2) book value = 600,000 – 30,000 * 2=540,000
(3) depreciation e*pense = ( 600,000 – 30,000 * 8)/16 =22,500
(4) book value = 600,000 – 30,000 * 8 – 22,500 = 337,500
4. Situation 1:
Jan 1st, 2021 Investment in M 260,000
Cash 260,000
June 30 Cash 6000
Dividend revenue 6000
Situation 2:
January 1, 2021 Investment in S 81,000
Cash 81,000
June 15 Cash 10,800
Investment in S 10,800
December 31 Investment in S 25,500
Investment Revenue 25,500
5. a. December 31, 2021 Investment in K 1,200,000
Cash 1,200,000
June 30, 2021 Dividend Receivable 42,500
