大学一年级下学期会计学原理练习及答案-Chapter_07_SM

Chapter 7Accounting Information SystemsQUESTIONS1. The five fundamental principles of accounting information systems are: (a) controlprinciple, (b) relevance principle, (c) patibility principle, (d) flexibility principle, and(e) cost-benefit principle.2. The five ponents of an accounting system are: source documents, input devices,information processors, information storage, and output devices.3. Source documents contain data about business transactions or events that are putinto the accounting system and processed. Examples of source documents are invoices from suppliers, checks received from customers, and payroll forms filled out by employees.4. An input device is used to transfer data from source documents to the informationprocessor(s). Examples of input devices for puter systems include keyboards, scanners, and bar-code readers.5. Data stored "off-line" are not immediately available to the information processor(s),while "online" data are immediately available.6. Output devices provide the means by which information is taken from theaccounting system and made available for use.7. Four types of transactions usually recorded in special journals are: (a)sales oncredit, (b) purchases on credit, (c) cash receipts, and (d) cash disbursements.8. The (a) initial and (b) page number of the journal from which the amount is posted isentered in the Posting Reference column of the ledger account.9. The double posting does not cause the trial balance to be out of balance becauseonly one credit is posted to the general ledger—the subsidiary ledger posting and its balances are not part of a trial balance (they give details of general ledger accounts).10. When copies of the sales invoices are used as a sales journal, each invoice total isposted to the proper customer account in the subsidiary Accounts Receivable Ledger, after which the invoices are bound in numerical order. Then at the end of the period the bound invoice copies are totaled and the total is debited to Accounts Receivable and credited to Sales. This method is called direct posting of sales invoices.11. Both kinds of credits must not be placed in the same column because the sum ofthe credits to the customer accounts must be posted to the Accounts Receivable controlling account (the Other Accounts column total is not posted—instead, each amount is individually posted to its general ledger account). Placing these credits in separate columns makes it possible to post the Accounts Receivable column total to its controlling account.12. Immediate recording and posting of credit sales and cash receipts from customersprovides up-to-date information for use in decisions about granting credit to customers. Also, up-to-date account balances are needed if customers inquire about their balances.13. In its note 11, Best Buy discusses its two reportable segments, Domestic andInternational. Domestic is by far the larger of the two segments.14. No. Information regarding the ine earned by business segments is not found onCircu it City’s Consolidated Statement of Operations (Ine Statement). However, notes to its financial statements (not reproduced in Appendix A) include the information regarding business segments, domestic and international.15. RadioShack’s two reportable s egments are pany-operated stores and kiosks.16. No. Information regarding any assets owned by Apple’s business segments is notreported on the balance sheet. However, the information is detailed in the notes to its financial statements (not reproduced in Appendix A).QUICK STUDIESQuick Study 7-1 (10 minutes)1. C 4. B2. E 5. D3. AQuick Study 7-2 (5 minutes)1. batch2. work3. scanner4. enterprise resource planning1. B 7. B2. B 8. E3. A 9. E4. D 10. E5. B 11. A6. D 12. CQuick Study 7-4 (10 minutes)a. Cash Receipts Journalb. Purchases Journalc. Cash Disbursements Journald. Cash Disbursements Journale. Sales Journalf. Purchases Journalg. Cash Disbursements Journalh. Cash Receipts JournalQuick Study 7-5 (15 minutes)General JournalNov. 2 [In Purchases Journal]Nov. 12 Automobiles ............................................................. 17,000R. Adrian, Capital ............................................. 17,000Owner contributed an auto to the business.Nov. 16 [In Sales Journal]Nov. 19 Sales Returns and Allowances (175)Accounts Receivable—L. Norton (175)Customer returned (worthless) merchandise.Segment Segment Ine AverageSegment AssetsSegment returnon AssetsAmericas ...................$1,665 $800 208.1% Europe .......................607 380 159.7 Japan .........................201 173 116.2Interpretation: The Americas segment reports the highest return on segment assets. However, each of its other segments has a relatively high return on segment assets as well.Product Product Sales Percent of Total Sales iPod ................................................ $ 7,676 45.3% Desktops ....................................... 3,319 19.6 Portables ....................................... 4,056 23.9Other .............................................. 1,885 11.1Total ............................................... $16,936 99.9%* *0.1% rounding errorInterpretation: Sales of Apple’s iPod make up its largest percentag e of total individual product sales. Desktops and “Other” make up the smallest percentage of total product sales.EXERCISESExercise 7-1 (15 minutes)SALES JOURNALDate Account Debited InvoiceNumber PRAccountsReceivable Dr.Sales Cr.Cost of GoodsSold Dr.Inventory Cr.Mar. 7 K. Anklam ......................5704 1,700 1,21512 B. Swanson ...................5705 484 30325 F. Sayers ........................5706 785 500Exercise 7-2 (10 minutes)Mar. 2 Cash Receipts Journal5 Purchases Journal7 Sales Journal8 Cash Receipts Journal12 Sales Journal16 Cash Receipts Journal19 Cash Receipts Journal25 Sales JournalExercise 7-3A (15 minutes)SALES JOURNALDate Account Debited InvoiceNumber PRAccounts Receivable Dr.Sales Cr.Mar. 7 K. Anklam ......................5704 1,70012 B. Swanson ...................5705 48425 F. Sayers ........................5706 785。