会计学原理 19版 怀尔德 复习提纲 Chapter 6 Inventories and Cost of Sales
会计学原理 19版 怀尔德 复习提纲 Chapter 1~4
Accounting Equation
Assets = Liabilities + Equity Be proficient in 11 transactions from P11~13 Be proficient in 3 statements Income statement, Statement of Owner’s Equity & Balance Sheet
Accounting Байду номын сангаасrocess
1. 2. 3. 4. 5. 6. 7. Source documents Journal Ledger Adjusting Adjusted trial balance Statements Closing
Adjusting
*Depreciation
Dr. Depreciation Expenses; Cr. Accumulated Depreciation Accumulated Depreciation is a contra account
e-mail me if necessary samj525@ 1/2
Principles of Accounting 19 Edition
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Sam.J @ NJAudit
Chapter 2 Analyzing and Recording Transactions Chapter 3 Adjusting Accounts and Preparing Financial Statements Chatper 4 Completing the Accounting Cycle
会计学原理知识点提纲汇总
会计学原理知识点提纲汇总一、会计学及其研究对象会计学的定义和作用会计学的发展历程会计学的研究对象二、会计信息的特征与要求会计信息的特征会计信息的定量性与表达方式会计信息的完整性与真实性会计信息的及时性和可比性会计信息的使用者和其需求三、会计等式与账户会计等式的概念和意义会计等式的基本组成部分会计等式的原则和变动规律账户的概念和作用账户的分类和特点四、会计账簿与记录方法会计账簿的种类和作用会计账簿的编制原则会计记录方法的基本要求会计记录方法的种类和特点五、会计核算的基本过程会计核算的目的和方法会计核算的基本过程会计核算的基准和周期六、会计要素和会计科目会计要素的概念和种类会计要素的核算依据会计科目的概念和分类会计科目的表现方式和特点七、会计凭证和会计账会计凭证的概念和作用会计凭证的种类和使用方法会计凭证的记载要求和审核程序会计账的概念和作用会计账的种类和编制方法八、会计分录与会计报表会计分录的概念和要素会计分录的编制方法和处理规则会计报表的概念和分类会计报表的编制要求和内容九、会计确认和会计估计会计确认的意义和条件会计确认的对象和方法会计估计的概念和作用会计估计的方法和原则十、会计准则和会计政策会计准则的概念和作用会计准则的分类和特点会计政策的概念和作用会计政策的确定和变更十一、会计监管与会计伦理会计监管的意义和目的会计监管的主体和方式会计伦理的概念和要求会计伦理的核心价值和规范结论以上是关于会计学原理的知识点提纲的汇总。
通过学习会计学原理，我们能够了解会计学的定义、发展历程以及研究对象。
同时，我们还能了解会计信息的特征与要求，会计等式与账户的概念和作用，会计账簿与记录方法的种类和特点等重要内容。
进一步学习会计核算的基本过程、会计要素和会计科目的概念与表现方式，以及会计凭证和会计账的使用方法和编制要求。
此外，还需了解会计分录与会计报表的编制方法和处理规则，以及会计确认和会计估计的意义、方法和条件。
《会计学原理》复习提纲
《会计学原理》复习提纲《会计学原理》复习提纲第一章总论1.会计是怎样产生和发展的？在会计的发展史上，有哪几座里程碑？其标志性事件是什么？2.※会计的基本职能有哪两个？它们分别有哪些特点？二者的关系是什么？3. ※什么是会计？会计的本质、特点是什么？※4.会计的一般对象是什么？社会总资金及其运动方式是什么？5.什么是会计的具体对象？※工业企业的具体会计对象是什么？※以图文并茂的方式描述工业企业的资金运动。
6. ※会计核算的基本前提有哪四个？理解其含义和作用。
7.什么是会计确认基础？※什么是权责发生制、收付实现制？※它们的适用范围分别是什么？8. ※会计的计量属性有哪些？理解它们的含义？9. ※会计信息的质量要求有哪些？理解它们的含义？※10.会计核算方法有哪七种？为什么说它们是一个完整的方法体系？11.什么是会计学？会计学包括那些学科？各学科的主要内容是什么？第二章会计科目与账户12.什么是会计要素？※我国的会计要素有哪六个？掌握各会计25. ※什么是会计分录？什么是简单分录、复合分录？会计分录的书写格式是什么？※26.什么是总账、明细账？总账和明细账有什么联系和区别？※27.什么是平行登记？详述平行登记的要点。
第四章账户与复式记账法的应用（上）28.工业企业的主要经济业务包括哪些内容？29.资金筹集主要有哪些业务？涉及哪些账户？如何进行账务处理？30.生产准备业务主要有哪些内容？涉及哪些账户？如何进行账务处理？31.什么是固定资产？如何确定固定资产的原始价值？32.什么是无形资产？如何确定无形资产的入账价值？无形资产的研发支出应该分别计入哪些账户？33.什么是商业汇票？※商业汇票按照承兑人不同可以分为哪两类？第五章账户与复式记账法的应用（下）34.产品生产业务包括哪些内容？涉及哪些账户？如何进行账务处理？35.产品销售业务主要有哪些内容？涉及哪些账户？如何进行账务处理？36.什么是利润？利润的计算公式有哪几个？37.利润形成的核算涉及哪些账户？如何进行账务处理？※38.什么是利润分配？利润分配的基本程序是什么？39.利润分配的核算涉及哪些账户？如何进行账务处理？第六章账户分类40.什么是账户的经济内容？账户按经济内容可以分为哪几类？分别包括那些账户？※41.什么是账户的用途和结构？账户按用途和结构可以分为哪几类？各包括那些主要账户？※42.简述盘存账户的概念、特点、结构以及包括的具体账户。
会计学原理-复习大纲
《会计学原理》期末复习提纲第一章1 .会计的含义：（1）会计是一种经济活动的管理工具。
（2）会计是一种提供经济活动信息的技艺。
（3）会计是一个服务于会计信息使用者据以作出决策的信息系统。
（4）会计是一种经济管理活动。
2 .会计的特点：（1）以货币为主要计量尺度。
（2）以凭证为基本依据。
（3）以一套完整的专门技术方法为手段。
【其中，会计核算方法由设置账户、复式记账、填制和审核会计凭证、登记账簿、成本计算、编制会计报表等构成】（4）对经济活动的管理具有全面性，连续性和系统性。
3 .会计的观念：（1）会计的用户观念。
从一定意义上说，会计信息具有公共产品的特征，上市公司通过财务会计报告所提供的会计信息需经注册会计师的审计鉴证后才能向社会披露，以保证会计信息的真实，公允。
（2）会计的经济后果观念。
该观念表明，会计信息提供者对提供的会计信息负有法律责任，提供会计信息的行为应该受到道德的约束。
（3）会计的系统功能观念。
4 .会计的职能：（1）会计的基本职能：核算与控制。
会计的核算职能是指会计对所发生的客观经济活动的表述和价值数量上的确定。
控制是指对实际活动的结果脱离规定目标的偏差进行干预和校正的过程。
●会计控制与会计核算是同时进行的。
会计控制包括事前控制，事中控制与事后控制。
●会计核算是会计的首要职能，也是会计管理工作的基础（2）会计的其他职能：会计预测，会计决策，会计预算，会计分析和会计考核。
5 会计的目标：（1）会计信息的使用者（可分为外部使用者和内部使用者）。
与向会计信息的外部使用者提供的会计信息相比较，企业向会计信息的内部使用者提供的会计信息可以不受法定的或公认的会计规范约束，具有较多的个性。
（2）会计的目标。
受托责任观认为，会计的目标是以有效的方式反映资源受托者的受托责任及其履行情况。
决策有用观认为，会计的目标是向会计信息的使用者提供有助于其作出正确决策的信息。
受托责任观是决策有用观的基础，而决策有用观是受托责任观的发展。
会计学原理知识点提纲
会计学原理知识点提纲引言：会计学原理是财务领域的基础知识，它涵盖了核算与报告、财务分析以及预测等众多领域。
本文将探讨会计学原理的核心概念及其应用，并通过实例解释这些概念的重要性。
一、会计信息的本质1. 定义：会计信息是指组织内、外部用户为了管理和决策而获取的数据。
2. 特征：可靠性、准确性、一致性和可比性。
3. 财务报表：资产负债表、利润表、现金流量表。
二、会计等式1. 定义：会计等式是基础会计原理的核心，即资产=负债+所有者权益。
2. 各个元素的含义及相互关系。
三、会计核算方法1. 权责发生制：收入与费用应按发生时间核算。
2. 现金基础制：收入与费用应按实际收付时间核算。
3. 选择核算方法的依据。
四、会计估计与错报1. 定义：会计估计是在不完全信息下对未来发生事件的处理。
2. 估计的方法及应用场景。
3. 错误的原因及对企业的影响。
五、会计准则与法规1. 国际会计准则、中国会计准则以及国际财务报告准则。
2. 规范会计信息披露的目的及重要性。
3. 企业应如何遵守准则与法规。
六、财务报表分析1. 比率分析：盈利能力、偿债能力、运营能力等指标的计算与分析。
2. 垂直与水平分析方法的应用。
3. 财务报表分析的局限性及注意事项。
七、会计原则中的特殊问题1. 结构计算：长期资产摊销、无形资产摊销等。
2. 提前收入与递延收入。
3. 不确定债务的计量。
结语：会计学原理是进行财务管理与决策的基础知识。
通过理解会计信息的本质、会计等式与核算方法、会计估计与错报、会计准则与法规、财务报表分析以及会计原则中的特殊问题，企业可以更好地运用会计原理从而提高企业的财务管理能力与决策能力。
因此，深入掌握会计学原理的概念和应用显得尤为重要。
会计学原理-2019
2019普通专升本《会计学原理》考试大纲考试采用闭卷笔试形式，试卷满分为100分，考试时间为100分钟一、考试目的《会计学原理》是报考我校会计学、国际经济与贸易等经济管理类专业（专升本）的一门专业基础课，旨在考察考生的会计基础知识、基本技能以及应用能力。
二、考核知识点第一章总论1. 会计的产生与发展2. 会计的含义3. 会计的职能与目标4. 会计的任务与作用5. 会计的方法第二章会计要素与会计等式1. 会计对象2. 会计要素3. 会计等式第三章会计核算基础1. 会计假设2. 会计信息质量特征3. 会计要素确认、计量及其要求4. 收付实现制与权责发生制第四章账户与复式记账1. 账户与会计科目2. 复式记账原理3. 借贷记账法4. 总分类账户和明细分类账户第五章企业主要经济业务的核算1. 企业主要经济业务概述2. 资金筹集业务的核算3. 供应过程业务的核算4. 生产过程业务的核算5. 销售过程业务的核算6. 财务成果形成与分配业务的核算第六章账户的分类1. 账户分类的意义2. 账户按经济内容分类3. 账户按用途和结构分类第七章成本计算1. 成本计算的意义、原理与要求2. 成本计算的一般程序3. 企业经营过程中的成本计算第八章会计凭证1. 会计凭证的作用和种类2. 原始凭证3. 记账凭证4. 会计凭证的传递与保管第九章会计账簿1. 账簿的意义与种类2. 账簿的设置与登记3. 账簿的启用与错账更正4. 结账与对账5. 账簿的更换与保管第十章财产清查1. 财产清查概述2. 存货的盘存制度3. 财产清查的内容和方法4. 财产清查结果的处理第十一章财务报告1. 财务报告概述2. 资产负债表3. 利润表4. 现金流量表5. 所有者权益（或股东权益）变动表6. 会计报表附注第十二章会计核算组织程序1. 会计核算组织程序概述2. 记账凭证核算组织程序3. 科目汇总表核算组织程序4. 汇总记账凭证核算组织程序5. 日记总账核算组织程序三、参考书目陈国辉，迟旭升主编，《基础会计》，东北财经大学出版社，2018年7月第六版四、考试题型考试题型有：名词解释、选择题、判断题、简答题、计算题、会计分录题等。
《会计学原理》复习提纲
《会计学原理》复习提纲及答案第一章总论※1.什么是会计？（4）会计是一个为会计信息的使用者提供决策所需要的财务信息及其他经济信息的信息系统。
2.※现代会计有哪两部分组成？什么是财务会计、管理会计？（5—6）现代会计由财务会计和管理会计两大部分组成。
财务会计是以会计准则和相关法律、法规为准绳，使用自身独特的确认、计量、记录、报告等程序，以外部会计信息使用者为核心，通过对外提供通用财务报告的形式为信息使用者提供决策信息的信息系统。
管理会计是为企业内部管理当局提供用于决策、规划、控制和绩效评价等所需的财务和经营信息，对主体的经营活动及其相关信息进行确认、计量、归集、分析、编报、解释和传输的过程，它为管理者合理使用资源和有效履行经管责任服务。
3.※会计的基本职能有哪两个？二者的关系是什么？（8）会计的基本职能是反映和控制。
会计的两个职能是相互联系、互为补充的。
会计的反映职能是会计最基本的职能，没有反映职能，控制职能就失去了控制的材料。
控制职能是反映职能的深入，没有控制职能，反映职能就失去了意义。
4．※会计的目标是什么？会计信息使用者都有哪些，他们使用会计信息的目的是什么？（9—10）会计的目标是为会计信息的使用者提供决策所需的财务信息及其相关经济信息。
会计信息使用者有投资者、债权人、社会公众、财政和税务等政府机构、证券交易所、财务分析机构和往来客户、企业管理当局、内部职工等。
投资者需要会计信息来帮助他们决定是否应该买进、卖出或继续持有投资及对一个主体支付股利的能力的能力进行评估；债权人需要会计信息来评估经济主体所欠他们的款项能否如期支付；企业管理当局需要了解自己履行对经济资源的受托经管责任的状况；政府及其机构关心资源的分配；雇员及其工会组织需要会计信息来评估一个主体提供给雇员报酬、退休福利和就业机会的能力；顾客需要评估一个主体的延续能力；社会公众关心一个主体的发展能力、发展趋势、环境治理投入、资源消耗状况等方面的信息。
最新会计学原理第6章
一、会计循环的步骤
1.对经济业务进行分析，按复式记账原理编制记账凭证； 2.将记账凭证内的会计账项分别过入总分类账和明细分 类账； 3.根据分类账中的各账户资料，进行试算平衡； 4.期末对应调整事项，按权责发生制要求作出调整分录， 并过入分类账； 5.编制调整后试算表； 6.根据调整后试算表，编制财务报表； 7.作出结账分录，结清收入、费用等暂记性账户； 8.编制结账后试算表。
多栏式 现金 日记账
多栏式
银行存款 总账
日记账 会转账凭证核计 对报汇总表
表
明细账
第六章 会计循环与会计核算组织程序
Return
（六）汇总记账凭证核算形式
1. 特点 根据汇总记账凭证登记总账
2. 汇总记账凭证的设置方法（格式） 3. 适用范围
适用于规模大、业务较多的单位 4. 优缺点
➢ 优点：便于了解经济业务的来龙去脉；减少了 登记总账的工作量
第六章 会计循环与会计核算组织程序
Return
5.折旧的账项调整
取得固定资产时： 借：固定资产 贷：银行存款 实收资本 在建工程（等）
按期（月）计提固定资产折旧时： 借：制造费用 销售费用 管理费用（等） 贷：累计折旧
第六章 会计循环与会计核算组织程序
Return
三、工作底稿的编制
1. 根据分类账资料，进行调整前试算； 2. 将调整分录填入工作底稿，并据以编制调整 后试算表； 3. 将调整后试算表各栏目的金额，分别填入利 润表和资产负债表各栏。
1. 特点 直接根据记账凭证逐笔登记总账
2. 适用范围 适用于规模小、经济业务较少的单位
3. 优缺点
➢ 优点：简单明了、易于理解 ➢ 缺点：工作量大
怀尔德《会计学原理》19版答案 (2)
hawai Chapter 2Analyzing and Recording TransactionsQUICK STUDIESQ uick Study 2-1 (5 minutes)The likely source documents include:b. Telephone billc. Sales ticketf. Invoice from supplierh. Bank statementQ uick Study 2-2 (10 minutes)a. I Income statementb. E Statement of owner’s equityc. B Balance sheetd. B Balance sheete. B Balance sheetstatementf. I Incomeg. B Balance sheeth. B Balance sheeti. B BalancesheetQuick Study 2-3 (10 minutes)a. Debit d. Debit g. Creditb. Debit e. Debit h. Debitc. Credit f. Debit i. Credit Quick Study 2-4 (10 minutes)©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 55a. Debit e. Debit i. Creditb. Debit f. Credit j. Debitc. Credit g. Credit k. Debitd. Credit h. Debit l. CreditQ uick Study 2-5 (10 minutes)a. Debit e. Debit i. Creditb. Credit f. Credit j. Debitc. Debit g. Creditd. Credit h. CreditQ uick Study 2-6 (15 minutes)Jan.13 Cash.......................................................................... 80,000Equipment...............................................................30,000Capital...............................................110,000 D.Tyler,Owner invests cash and equipment.21Supplies (820)OfficePayable (820)AccountsPurchased office supplies on credit.29Cash..........................................................................8,700Revenue....................8,700 LandscapingServicesReceived cash for landscaping services.30Cash..........................................................................4,000Services Revenue..4,000UnearnedLandscapingReceived cash in advance for landscaping services.Q uick Study 2-7 (10 minutes)The correct answer is c.Explanation: If a $2,250 debit to Rent Expense is incorrectly posted as a credit, the effect is to understate the Rent Expense debit balance by $4,500.This causes the Debit column total on the trial balance to be $4,500 lessthan the Credit column total.Q uick Study 2-8 (10 minutes)a. I e. B i. Bb. I f. I j. I©McG56c. I g. B k. Ed. B h. B l. B©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 57EXERCISESE xercise 2-1 (15 minutes) Type of Increase Normal Account Account (Dr. or Cr.) Balancea. Owner Capital.............................equity credit creditb. Accounts Receivable.................asset debit debitc. Owner Withdrawals....................equity debit debitd. Cash............................................asset debit debite. Equipment..................................asset debit debitf. Fees Earned................................revenue credit creditg. Wages Expense..........................expense debit debith. Unearned Revenue....................liability credit crediti. Accounts Payable......................liability credit creditj. Postage Expense.......................expense debit debitk. Prepaid Insurance......................asset debit debitl. Land............................................asset debit debitE xercise 2-2 (15 minutes) a. Beginning cash balance (debit).............................................$ ?Cash received in October (debits)........................................104,750Cash disbursed in October (credits).....................................(101,607)Ending cash balance (debit)..................................................$ 17,069Beginning cash balance (debit).............................................$ 13,926b. Beginning accounts receivable (debit).................................$ 83,250Sales on account in October (debits)................................... ?Collections on account in October (credits)........................(75,924)Ending accounts receivable (debit)......................................$ 85,830Sales on account in October (debits)...................................$ 78,504c. Beginning accounts payable (credit)....................................$148,000Purchases on account in October (credits).........................271,876Payments on accounts in October (debits).......................... ( ?)Ending accounts payable (credit).........................................$137,492Payments on accounts in October (debits)..........................$282,384 ©McG58The company would make the following entry (not required for answer): Cash..................................................................12,000Equipment......................................90,000 ComputerNote Payable..............................................37,000Services Revenue......................................65,000 Accepted cash, equipment and note for services.Thus, of the a through f items listed, the following effects should be included:a. $37,000 increase in a liability account.b. $12,000 increase in the Cash account.e. $65,000 increase in a revenue account.Explanation: This transaction reflects $65,000 in revenue, which is the value of the service provided. Payment is received in the form of a $12,000 increase in cash, an $90,000 increase in computer equipment, and a $37,000 increase in its liabilities. The net value received by the company is $65,000.Exercise 2-4 (25 minutes)Aug.1Cash.................................................................. 14,250Photography Equipment.................................61,275M. Harris, Capital.......................................75,525Owner investment in business.2Prepaid Insurance............................................3,300Cash............................................................3,300Acquired 24 months of insurance coverage.5Office Supplies.................................................2,707Cash............................................................2,707Purchased office supplies.20Cash.................................................................. 3,250Photography Fees Earned........................3,250Collected photography fees.31 Utilities Expense (871)Cash (871)Paid for August utilities.©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 59Cash Photography EquipmentAug. 1 14,250 Aug. 23,300Aug. 1 61,27520 3,250 52,70731871M. Harris, CapitalBalance 10,622 Aug. 1 75,525 Office Supplies Photography Fees Earned3,25020 Aug.52,707 Aug.Prepaid Insurance Utilities ExpenseAug.87131Aug.23,300SPECIAL PICSTrial BalanceAugust 31Debit Credit Cash...............................................................................$10,622Office supplies..............................................................2,707Prepaid insurance.........................................................3,300 Photography equipment...............................................61,275M. Harris, Capital...........................................................$75,525 Photography fees earned.............................................3,250 Utilities expense............................................................ 871_______ Totals..............................................................................$78,775 $78,775©McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition 60Cash Accounts Payable(a) 14,000 (b) 406(e) 7,742 (c) 7,7427,742Balance(e)(d) 1,652510(h) 1,246(g)1,200(i)Balance 7,040 S. Amena, Capital(a) 14,00014,000Balance Accounts Receivable S. Amena, Withdrawals(f) 2,968 (h) 1,246(i) 1,200Balance 1,722 Balance 1,200Office Supplies Fees Earned1,652 (b) 406 (d) Balance 406 (f) 2,968Balance4,620 Office Equipment Rent Expense(c) 7,742 (g) 510Balance 7,742 Balance 510Exercise 2-7 (15 minutes)AMENA COMPANYTrial BalanceMay 31, 2009Debit Credit Cash.........................................................................................$ 7,040Accounts receivable...............................................................1,722Office supplies (406)Office equipment....................................................................7,742Accounts payable...................................................................$ 0S. Amena, Capital...................................................................14,000S. Amena, Withdrawals..........................................................1,200Fees earned.............................................................................4,620 Rent expense.......................................................................... 510______ Totals.......................................................................................$18,620 $18,620©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 61Transactions that created expenses:b. Salaries Expense.........................................1,233Cash.......................................................1,233 Paid salary of receptionist.d. Utilities Expense (870)Cash (870)Paid utilities for the office.[Note: Expenses are outflows or using up of assets (or the creation ofliabilities) that occur in the process of providing goods or services tocustomers.]Transactions a, c, and e are not expenses for the following reasons:a. This transaction decreased assets in settlement of a previouslyexisting liability, and equity did not change. Cash payment does notmean the same as using up of assets (expense was recorded when thesupplies were used).c. This transaction involves the purchase of an asset. The form of thecompany’s assets changed, but total assets did not change, and theequity did not decrease.e. This transaction is a distribution of cash to the owner. Even thoughequity decreased, the decrease did not occur in the process ofproviding goods or services to customers.©McG62TECH TALKIncome StatementFor Month Ended October 31RevenuesConsulting fees earned......................... $25,620 ExpensesSalariesexpense................................... $12,405expense......................................... 6,859Rentexpense (560)TelephoneMiscellaneousexpenses (280)expenses...................................... 20,104 TotalNet income.................................................. $ 5,516Exercise 2-10 (15 minutes)TECH TALKStatement of Owner’s EquityFor Month Ended October 31D. Shabazz, Capital, October 1.................. $ 0Add: Investments by owner.................... 124,114income5,516 Net(from Exercise 2-10)......129,630 Less: Withdrawals by owner.................... 2,000D. Shabazz, Capital, October 31................ $127,630Exercise 2-11 (15 minutes)TECH TALKBalance SheetOctober 31Assets Liabilities Cash...............................$ 12,614 Accounts payable................$ 12,070 Accounts receivable.... 25,648Office supplies.............. 4,903 EquityOffice equipment.......... 27,147 D. Shabazz, Capital............. 127,630* Land............................... 69,388Total assets...................$139,700 Total liabilities & equity......$139,700 * Computation shown in Exercise 2-11.©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 63a. Assets -Liabilities = EquityBeginning of the year..........$131,000 -$56,159 = $74,841End of the year.....................180,000 -72,900 = 107,100Net increase in equity..........$32,259Net Income............................$ ?Plus owner investments 0Less owner withdrawals 0Change in equity..................$32,259Therefore, income must equal $32,259.b. Netincome.........................................................................$ ?ownerinvestments 0PlusLess owner withdrawals ($650/mo. x 12 mo.)................. (7,800)Change in equity...............................................................$32,259Therefore, net income must equal ($32,259 + $7,800) = $40,059income.........................................................................$ ?c. Netinvestments................................................... 45,000ownerPlusLess owner withdrawals 0Change in equity...............................................................$32,259Therefore, the net loss must equal ($32,259 - $45,000) = $(12,741)income.........................................................................$ ?d. Netinvestments................................................... 25,000PlusownerLess owner withdrawals ($650/mo. x 12 mo.)................. (7,800)Change in equity...............................................................$32,259Therefore, income must equal ($32,259+$7,800-$25,000)= $15,059©McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition64Exercise 2-13 (15 minutes)(d)(c)(b)(a)Answers $(45,000) $64,665 $71,347 $(47,000)Computations:Equity, Dec. 31, 2008.....$ 0 $ 0 $ 0 $ 0Owner investments.......112,500 64,665 85,347 201,871Owner withdrawals........(45,000) (51,000)(8,000) (53,000)Net income (loss).......... 27,000 78,000 (6,000) (47,000)Equity, Dec. 31, 2009.....$94,500 $91,665 $71,347 $101,871Exercise 2-14 (25 minutes)a. Belle created a new business and invested $12,000 cash, $15,200 ofequipment, and $24,000 in automobiles.b. Paid $4,800 cash in advance for insurance coverage.c. Paid $2,000 cash for office supplies.d. Purchased $300 of office supplies and $9,700 of equipment on credit.e. Received $9,000 cash for delivery services provided.f. Paid $4,600 cash towards accounts payable.g. Paid $820 cash for gas and oil expenses.Exercise 2-15 (30 minutes)a. Cash...........................................................................12,000Equipment.................................................................15,200Automobiles..............................................................24,000Capital.................................................51,200D.Belle,Owner invested in business.b. Prepaid Insurance.....................................................4,800Cash....................................................................4,800 Purchased insurance coverage.©McGraw-Hill Companies, 2009Solutions Manual, Chapter 2 65c. Office Supplies..........................................................2,000Cash....................................................................2,000 Purchased supplies with cash.d. Office Supplies (300)Equipment.................................................................9,700Payable.............................................10,000 AccountsPurchased supplies and equipment on credit.e. Cash...........................................................................9,000Revenue...............................9,000 ServicesDeliveryReceived cash from customer.Payable.....................................................4,600f. AccountsCash....................................................................4,600 Made payment on payables.g. Gas and Oil Expense (820)Cash (820)Paid for gas and oil.©McG66Exercise 2-16 (20 minutes)Description(1)DifferencebetweenDebit andCreditColumns(2)Columnwith theLargerTotal(3)Identifyaccount(s)incorrectlystated(4)Amount that account(s)is overstated orunderstateda. $1,870 debit to RentExpense is posted asa $1,780 debit. $90 credit Rent Expense Rent Expense isunderstated by $90b. $3,560 credit to Cashis posted twice as twocredits to Cash. $3,560 credit Cash Cash is understated by$3,560c. $7,120 debit to theWithdrawals account is debited to Owner’s Capital. $0 ––Owner,CapitalOwner,WithdrawalsOwner, Capital isunderstated by $7,120Owner, Withdrawals isunderstated by $7,120d. $1,630 debit toPrepaid Insurance isposted as a debit to Insurance Expense. $0 ––PrepaidInsuranceInsuranceExpensePrepaid Insurance isunderstated by $1,630Insurance Expense isoverstated by $1,630e. $31,150 debit toMachinery is posted as a debit to Accounts Payable. $0 ––MachineryAccountsPayableMachinery isunderstated by $31,150Accounts Payable isunderstated by $31,150f. $4,460 credit toServices Revenue isposted as a $446credit. $4,014 debit ServicesRevenueServices Revenue isunderstated by $4,014g. $820 debit to StoreSupplies is notposted. $820 credit StoreSuppliesStore Supplies isunderstated by $820©McGraw-Hill Companies, 2009Solutions Manual, Chapter 2 67PROBLEM SET AP roblem 2-1A (90 minutes) Part 1 a. Cash.............................................................101 195,000 Office Equipment........................................163 8,200 Drafting Equipment....................................164 80,000 J. Lancet, Capital................................301 283,200Owner invested cash and equipment.b. Land.............................................................172 52,000 Cash.....................................................101 8,900 Note Payable.......................................250 43,100Purchased land with cash and note payable.c. Building.......................................................170 55,000 Cash.....................................................101 55,000Purchased building.d. Prepaid Insurance......................................108 2,300 Cash.....................................................101 2,300Purchased 18-month insurance policy.e. Cash.............................................................101 6,600 Engineering Fees Earned ..................402 6,600Collected cash for completed work.f. Drafting Equipment....................................164 24,000 Cash.....................................................101 9,600 Note Payable.......................................250 14,400Purchased equipment with cash and notepayable.g. Accounts Receivable.................................106 14,500 Engineering Fees Earned ..................402 14,500Completed services for client.h. Office Equipment........................................163 1,100 Accounts Payable...............................201 1,100Purchased equipment on credit.©McG 68Problem 2-1A (Part 1 Continued)i. Accounts Receivable.................................106 23,000Engineering Fees Earned..................402 23,000 Billed client for completed work.j. Equipment Rental Expense.......................602 1,410Payable...............................201 1,410 AccountsIncurred equipment rental expense.Cash.............................................................101 8,000k.Receivable.........................106 8,000 AccountsCollected cash on account.Expense..........................................601 2,500Wagesl.Cash.....................................................101 2,500 Paid assistant’s wages.Payable......................................201 1,100m. AccountsCash..................................................101 1,100 Paid amount due on account.Expense........................................604 970n.RepairsCash..................................................101 970 Paid for repair of equipment.o. J. Lancet, Withdrawals...............................302 10,450Cash.....................................................101 10,450 Owner withdrew cash.Expense..........................................601 2,000Wagesp.Cash.....................................................101 2,000 Paid assistant’s wages.Expense..................................603 2,400Advertisingq.Cash.....................................................101 2,400 Paid for advertising expense.©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 69Problem 2-1A (Continued)Part 2Cash No. 101Accounts Payable No. 201 Date PR Debit Credit Balance Date PR Debit Credit Balance(a) 195,000 195,000 (h)1,100 1,100(b) 8,900 186,100(j) 1,410 2,510(c) 55,000 131,100(m)1,1001,410(d) 2,300 128,800(e) 6,600 135,400Notes Payable No. 250(f) 9,600 125,800Date PR Debit Credit Balance (k) 8,000 133,800 (b)43,100 43,100 (l) 2,500 131,300 (f) 14,400 57,500 (m) 1,100 130,200(n) 970 129,230(o) 10,450 118,780J. Lancet, Capital No. 301 (p) 2,000 116,780Date PR Debit Credit Balance (q) 2,400 114,380 (a)283,200 283,200 Accounts Receivable No. 106J. Lancet, Withdrawals No. 302 Date PR Debit Credit Balance Date PR Debit Credit Balance (g) 14,500 14,500 (o)10,450 10,450 (i) 23,000 37,500(k) 8,000 29,500Engineering Fees Earned No. 402Date PR Debit Credit Balance Prepaid Insurance No. 108(e)6,600 6,600 Date PR Debit Credit Balance (g)14,500 21,100 (d) 2,300 2,300(i) 23,000 44,100 Office Equipment No. 163Wages Expense No. 601 Date PR Debit Credit Balance Date PR Debit Credit Balance (a) 8,200 8,200 (l) 2,5002,500 (h) 1,100 9,300 (p)2,0004,500 Drafting Equipment No. 164Equipment Rental Expense No. 602 Date PR Debit Credit Balance Date PR Debit Credit Balance (a) 80,000 80,000 (j) 1,4101,410 (f) 24,000 104,000Building No. 170Advertising Expense No. 603 Date PR Debit Credit Balance Date PR Debit Credit Balance (c) 55,000 55,000 (q)2,4002,400 Land No. 172Repairs Expense No. 604 Date PR Debit Credit Balance Date PR Debit Credit Balance (b) 52,000 52,000 (n)970970©McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition 70Problem 2-1A (Concluded)Part 3LANCET ENGINEERINGTrial BalanceJune 30Debit CreditCash............................................................. $114,380Accounts receivable.................................. 29,500Prepaid insurance...................................... 2,300Office equipment........................................ 9,300Drafting equipment.................................... 104,000Building....................................................... 55,000Land............................................................. 52,000Accounts payable....................................... $ 1,410Notes payable............................................. 57,500J. Lancet, Capital........................................ 283,200J. Lancet, Withdrawals............................... 10,450Engineering fees earned............................ 44,100Wages expense.......................................... 4,500Equipment rental expense......................... 1,410Advertising expense.................................. 2,400Repairs expense (970)Totals........................................................... $386,210 $386,210©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 71。
会计学原理 复习提纲(含答案)
会计学原理复习提纲一、选择题(单选或多选)1、（）是假设先购入的存货先发出，即企业发出的存货是按照购入存货的先后次序进行，先购入的存货先发出，并按先购入存货的单位成本作为发出存货的单位成本，进而确定发出存货成本和期末存货的成本的一种方法。
A、先进先出法 B 、后进先出法C、平均成本法D、个别计价法2、借贷记账法下所有者权益类账户中所有者权益的增加额应该记录在（）。
A、借方B、贷方C、中间位置 D 、随意位置3、（）是指企业在一定会计期间的经营成果，包括收入减去费用的静额、直接计入当期利润的利得和损失等。
A 费用B 利润C 成本D 库存4. 按股票利益分配与表决权的不同，股票又可分为普通股与（）。
A. 优先股B. 权益股C. 利润股D. 风险股5．财务报表的编制是对企业经济活动的高度提炼、分类和汇总，是综合反映企业某一特定日期财务状况、某一会计期间的（）的信息文件。
A．经营成果B．现金流量C．负债总额D．资产总额6. 错账的更正方法主要有（）。
A 划线更正法 B. 红字更正法 C.补充登记法 D. 圈式更正法7、资产负债表的编制中，存货由（）等组成。
A 原材料B产成品(或库存商品) C、在产品(生产成本) D、周转材料8. 生产过程中发生的各种费用称为（）。
A、生产费用B、直接费用C、制造费用D、间接费用9. 记账凭证与原始凭证的差别在于（）。
A．填制时间不同B．填制人员不同C．填制目的不同D．填制依据不同10.“盈余公积”账户核算企业从净利润中提取的盈余公积，属于（）。
A. 费用类账户B. 所有者权益类账户C. 资产类账户D. 成本类账户二、判断正误1. 费用是指企业的日常活动中发生的、会导致所有者权益减少的、与所有者分配利润无关的经济利益的总流出。
( )2. 利润不包括了日常经营活动以外的事项。
( )3. 总分类账户和明细分类账户平行登记所产生的数量关系可用公式表示为：总分类账户本期发生额＝所属明细分类账户本期发生额合计。
会计学原理知识点归纳(第1-6章)
会计学原理知识点归纳（第一、二章）班级：13国会2班助教：席梦娇第一章知识点梳理1.accounting：熟记定义ers of accounting information：external users：例如…（主要使用financial accounting）internal users：例如…（主要使用managerial accounting）3.fundamentals of accounting（1）GAAP：two organizations to establish GAAP private group：FASBgovernment group：SEC（2）IFRS：issued by IASB< international accounting standard aboard> （3）accounting principles：熟记四条principles的定义（4）accounting assumptions：熟记四条assumptions的定义，了解business entities的分类4.accounting equation：重点掌握5.financial statements：熟记四表一注的构成及编制顺序第二章知识点梳理：1.source documents：熟记定义2.account、general ledger、T-account ：熟记书写格式3.double-entry accounting：注意理解（每一笔分录有Dr.必有Cr.，Dr. Cr.必相等）4.recording process：analyzing journals post to ledger trial balance5.preparing trial balance：重点掌握编制步骤Chapter 31.accounting period：常用的几种会计分期2.accrual basis VS cash basis：熟记定义，常考点，可能出名词解释。
2019年CPA会计重点知识总结复习提纲(完整版)
2019年CPA会计重点知识总结复习提纲(完整版) 第一章总论第一节和第二节(略)第三节会计基本假设和会计基础一、会计基本假设（一）会计主体会计主体，是指企业会计确认、计量和报告的空间范围。
会计主体不同于法律主体。
一般来说，法律主体就是会计主体，但会计主体不一定是法律主体。
(此假设主要用于合并财务报表时确认集团作为会计主体,但集团并不是法律主体)（二）持续经营持续经营，是指在可以预见的将来，企业将会按当前的规模和状态继续经营下去，不会停业，也不会大规模削减业务。
在持续经营假设下，企业会计确认、计量和报告应当以持续经营为前提。
明确这一基本假设，就意味着会计主体将按照既定用途使用资产，按照既定的合约条件清偿债务，会计人员就可以在此基础上选择会计政策和估计方法。
（三）会计分期会计分期，是指将一个企业持续经营的生产经营活动划分为若干连续的、长短相同的期间。
在会计分期假设下，会计核算应划分会计期间，分期结算账目和编制财务报告。
会计期间分为年度和中期。
年度和中期均按公历起讫日期确定。
中期是指短于一个完整的会计年度的报告期间。
（四）货币计量货币计量，是指会计主体在财务会计确认、计量和报告时以货币计量，反映会计主体的财务状况、经营成果和现金流量。
二、会计基础企业会计的确认、计量和报告应当以权责发生制为基础。
第四节会计信息质量要求一、可靠性可靠性要求企业应当以实际发生的交易或者事项为依据进行确认、计量和报告，如实反映符合确认和计量要求的各项会计要素及其他相关信息，保证会计信息真实可靠、内容完整。
二、相关性相关性要求企业提供的会计信息应当与财务报告使用者的经济决策需要相关，有助于财务报告使用者对企业过去、现在或者未来的情况作出评价或者预测。
三、可理解性可理解性要求企业提供的会计信息应当清晰明了，便于财务报告使用者理解和使用。
四、可比性可比性要求企业提供的会计信息应当具有可比性。
具体包括下列要求：（一）同一企业对于不同时期发生的相同或者相似的交易或者事项，应当采用一致的会计政策，不得随意变更。
怀尔德《会计学原理》19版答案 (6)
hawai Chapter 6Inventories and Cost of SalesQUICK STUDIESQ uick Study 6-1 (25 minutes)a. FIFODate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 320 @ $6.00 = $1,9201/ 9 85 @ $6.40 320 @ $6.00= $2,46485 @ $6.401/25 110 @ $6.60 320 @ $6.0085 @ $6.40 = $3,190110 @ $6.601/26 320 @ $6.00 = $1,92045 @ $6.40= $1,01440 @ $6.40 = 256110 @ $6.60360 $2,176b. LIFODate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 320 @ $6.00 = $1,9201/ 9 85 @ $6.40 320 @ $6.00= $2,46485 @ $6.401/25 110 @ $6.60 320 @ $6.0085 @ $6.40 = $3,190110 @ $6.601/26 110 @ $6.60 = $ 726155 @ $6.00 = $ 93085 @ $6.40 = 544165 @ $6.00 = 990360 $2,260c. Weighted AverageDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 320 @ $6.00 = $1,920 1/ 9 85 @ $6.40 320 @ $6.0085 @ $6.40 = $2,464(avg. cost is $6.084*)1/25 110 @ $6.60 320 @ $6.00©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 32985 @ $6.40 = $3,190110 @ $6.60(avg. cost is $6.194*)1/26 360 @ $6.194 = $2,230*155 @ $6.194 = $ 960* *roundedAlternate solution format(a) FIFO: 110 @ $6.60 = $ 72645@ $6.40 = 288155 $1,014Ending inventory cost(b) LIFO:155 @ $6.00 = $ 930Ending inventory cost(c) Weighted average:320 @ $6.00 = $1,92085 @ $6.40 = 544110@ $6.60 = 726515 $3,190Cost of goods available for sale$3,190/515 = $6.194 (rounded) weighted average cost per unit155 units @ $6.194 = $ 960 Ending inventory cost (rounded)©McG330Q uick Study 6-2 (10 minutes)Beginning inventory.....................................10 units @ $28 $ 280Plus 1st week purchase.......................................10 units @ $30 3002nd week purchase......................................10 units @ $31 3103rd week purchase.......................................10 units @ $32 3204th week purchase.......................................10 units @ $34 340Units Available for sale................................50 unitsCost of Goods Available for Sale................$1,550Q uick Study 6-3 (25 minutes)a. FIFODate Goods Purchased Cost of Goods Sold Inventory Balance12/ 7 10 @ $ 9 = $ 90 10 @ $ 9 = $ 9012/14 20 @ $10 = $200 10 @ $ 920 @ $10 = $29012/15 10 @ $ 9 12 @ $10 = $1208 @ $10 = $17012/21 15 @ $12 = $180 12 @ $10= $300____ 15 @ $12$170b. LIFODate Goods Purchased Cost of Goods Sold Inventory Balance12/ 7 10 @ $ 9 = $ 90 10 @ $ 9 = $ 9012/14 20 @ $10 = $200 10 @ $ 920 @ $10 = $29012/15 18 @ $10 = $180 10 @ $ 92 @ $10 = $11012/21 15 @ $12 = $180 10 @ $ 92 @ $10 = $290____ 15 @ $12$180©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 331c. Weighted AverageDate Goods Purchased Cost of Goods Sold Inventory Balance12/ 7 10 @ $ 9 = $ 90 10 @ $ 9 = $ 9012/14 20 @ $10 = $200 10 @ $ 9= $29020 @ $ 10(avg cost is $9.667)12/15 18 @ $9.667 =$17412 @ $9.667 = $11612/21 15 @ $12 = $180 12 @ $9.667= $296____15 @ $ 12$174(avg cost is $10.963)d. Specific identification(3 units x $9) + (9 units x $10) + (15 units x $12) = $297.Quick Study 6-4 (10 minutes)1. FIFO2. Specific identification3. LIFO4. LIFO5. LIFOQ uick Study 6-5 (10 minutes)1. The consignor is Jabar Company. The consignee is Chi Company. Theconsignor, Jabar Company, should include any unsold and consigned goods in its inventory.2. Title will pass at “destination” which is Kwon Company’s receiving dock.Liu should show the $750 in its inventory at year-end as Liu retains title until the goods reach Kwon Company.©McG332Cost..............................................................................................$17,500PlusTransportation-in (300)Import duties.............................................................................1,000 Insurance.. (250)Inventory cost...........................................................................$19,050The $400 advertising cost and the $3,000 cost for sales staff salaries are included in operating expenses—not part of inventory costs. Those two costs are unnecessary to get the vehicle in a place and condition for sale.Q uick Study 6-7 (20 minutes)Per Unit Total Total LCM applied to Inventory Items Units Cost Market Cost Market Items Whole Mountain bikes 20 $650 $500$13,000$10,000$10,000 Skateboards 22 400 4508,8009,9008,800790 34,000 31,600 31,600_______850Gliders 40$55,800$51,500$50,400$51,500a. LCM for inventory as a whole...................................................$51,500b. LCM applied to each product ..................................................$50,400Q uick Study 6-8(15 minutes)a.Overstates 2009 cost of goods sold.b.Understates 2009 gross profit.c.Understates 2009 net income.d.Overstates 2010 net income.e.The understated 2009 net income and the overstated 2010 net incomecombine to yield a correct total income for the two-year period.f.The 2009 error will not affect years after 2010.©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 333Quick Study 6-9A (15 minutes)ofCostEndingSold InventoryGoodsa. FIFO(45 x $6.40) + (110 x $6.60)................................. $1,014(320 x $6.00) + (40 x $6.40)................................. $2,176b. LIFO(155 x $6.00)......................................................... $ 930(110 x $6.60) + (85 x $6.40) + (165 x $6.00)....... $2,260c. Weighted Average ($3,190/ 515 = $6.194* cost per unit)(155 x $6.194)....................................................... $ 960*(360 x $6.194)....................................................... $2,230**rounded©McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition334EXERCISESExercise 6-1 (30 minutes)a. Specific identificationEnding inventory—100 units from January 30, 80 units from January 20, and45 units from beginning inventoryEnding Cost of Computations Inventory Goods Sold (100 x $5.00) + (80 x $6.00) + (45 x $7.00).......$1,295$2,800 - $1,295..................................................$1,505b. Weighted average perpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 140 @ $7.000 = $ 980 1/10 90 @ $ 7.00 = $ 630 50 @ $7.000 = $ 350 1/20 220 @ $6.00 50 @ $7.000= $1,670220 @ $6.000(avg. cost is $6.185)1/25 145 @ $6.185 = $ 897*125 @ $6.185 = $ 773*1/30 100 @ $5.00 _____125 @ $6.185= $1,273$1,527100 @ $5.000(avg. cost is $5.658) *roundedc. FIFO PerpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 140 @ $7.00 = $ 980 1/10 90 @ $7.00 = $ 630 50 @ $7.00 = $ 350 1/20 220 @ $6.00 50 @ $7.00220 @ $6.00 = $1,670 1/25 50 @ $7.0095 @ $6.00 = $ 920 125 @ $6.00 = $ 750 1/30 100 @ $5.00 _____ 125 @ $6.00$1,550 100 @ $5.00 = $1,250, 2009335E xercise 6-1 (Continued)d. LIFO PerpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 140 @ $7.00 = $ 9801/10 90 @ $7.00 = $ 630 50 @ $7.00 = $ 3501/20 220 @ $6.00 50 @ $7.00220 @ $6.00 = $1,6701/25 145 @ $6.00 = $ 870 50 @ $7.0075 @ $6.00 = $ 8001/30 100 @ $5.00 _____ 50 @ $7.00$1,50075 @ $6.00 = $1,300100 @ $5.00Alternate Solution Format for FIFO and LIFO PerpetualEnding Cost ofComputations Inventory Goods Soldc. FIFO(125 x $6.00) + (100 x $5.00)............................................$1,250(90 x $7.00) + (50 x $7.00) + (95 x $6.00)........................$1,550d. LIFO(50 x $7.00) + (75 x $6.00) + (100 x $5.00)...................... $1,300(90 x $7.00) + (145 x $6.00)............................................. $1.500E xercise 6-2(20 minutes)LIBERTY COMPANYIncome StatementsFor Month Ended January 31Specific Identification WeightedAverage FIFO LIFOSales.................................$3,525 $3,525 $3,525 $3,525 (235 units x $15 price)Cost of goods sold......... 1,505 1,527 1,550 1,500 Gross profit.....................2,020 1,998 1,975 2,025 Expenses......................... 1,250 1,250 1,250 1,250 Income before taxes.......770 748 725 775 Income tax expense (30%).. 231 224* 218* 233* Net income......................$ 539 $ 524 $ 507 $ 542 * Rounded to nearest dollar.©McG336Exercise 6-2 (Concluded)1. LIFO method results in the highest net income of $542.2. Weighted average net income of $524 falls between the FIFO netincome of $507 and the LIFO net income of $542.3. If costs were rising instead of falling, then the FIFO method would yieldthe highest net income.Exercise 6-3 (30 minutes)a. FIFO PerpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 126 @ $ 8 = $1,008 1/10 113 @ $ 8 = $ 904 13 @ $ 8 = $ 104 3/14 315 @ $13 = $4,095 13 @ $ 8315 @ $13 = $4,199 3/15 13 @ $ 8 148 @ $13 = $1,924167 @ $13 = $ 2,2757/30 250 @ $18 = $4,500 148 @ $13250 @ $18 = $6,424 10/ 5 148 @ $13230 @ $18 = $ 6,064 20 @ $18 = $ 360 10/26 50 @ $23 = $1,150 20 @ $18______ 50 @ $23 = $1,510$9,243, 2009337E xercise 6-3 (Concluded)a. LIFO PerpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 126 @ $ 8 = $1,0081/10 113 @ $ 8 = $ 904 13 @ $ 8 = $ 1043/14 315 @ $13 = $4,095 13 @ $ 8315 @ $13 = $4,1993/15 13 @ $ 8180 @ $13 = $2,340135 @ $13 = $1,8597/30 250 @ $18 = $4,500 13 @ $ 8135 @ $13 = $6,359250 @ $1810/ 5 250 @ $18 = $4,500 13 @ $ 8128 @ $13 = 1,664 7 @ $13 = $ 195$6,16410/26 50 @ $23 = $1,150 13 @ $ 87 @ $13 = $1,345_____ 50 @ $23$9,408Alternate Solution FormatofCostEndingSold InventoryGoodsa. FIFO(20 x $18) + (50 x $23)...........................................................$1,510(113 x $8) + (13 x $8) + (167 x $13) + (148 x $13) +(230 x $18)............................................................................$9,243b. LIFO(13 x $8) + (7 x $13) + (50 x $23).......................................... $1,345(113 x $8) + (180 x $13) + (250 x $18) + (128 x $13)............. $9,408FIFO Gross MarginSales revenue (671 units sold x $40 selling price).................$26,840Less: FIFO cost of goods sold................................................ 9,243Gross profit................................................................................$17,597LIFO Gross MarginSales revenue (671 units sold x $40 selling price).................$26,840Less: LIFO cost of goods sold................................................ 9,408Gross profit................................................................................$17,432©McG338a. Specific identification method—Cost of goods soldCost of goods available for sale.......................................$10,753 Ending inventory under specific identification3/14 purchase ( 5 @ $13) ........................................$ 657/30 purchase ( 15 @ $18) (270)10/26 purchase ( 50 @ $23)......................................... 1,150Total ending inventory under specific identification.... 1,485 Cost of goods sold under specific identification..........$ 9,268b. Specific identification method—Gross marginSales revenue (671 units sold x $40 selling price)..........$26,840 Less: Specific identification cost of goods sold............ 9,268 Gross profit.........................................................................$17,572E xercise 6-5 (15 minutes)Per Unit Total Total LCM applied to Inventory Items Units Cost Market Cost Market Products Whole Helmets.........19 $45 $49$ 855$ 931$ 855 Bats...............12 73 67876804804 Shoes............33 90 862,9702,8382,838 Uniforms.......37 31 31 1,147 1,147 1,147$5,848$5,720$5,644 $5,720a. Lower of cost or market of inventory as a whole = $5,720b. Lower of cost or market of inventory by product = $5,644©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 3391. Correct gross profit = $1,100,000 - $700,000 = $400,000 (for each year)2. Reported income figuresYear 2008 Year 2009 Year 2010 Sales.....................................$1,100,000$1,100,000$1,100,000Cost of goods soldBeginning inventory........$280,000$262,000$280,000Cost of purchases............ 700,000 700,000 700,000Good available for sale...980,000962,000980,000Ending inventory.............. 262,000 280,000 280,000Cost of goods sold.......... 718,000 682,000 700,000Gross profit.........................$ 382,000$ 418,000$ 400,000E xercise 6-7A (20 minutes)CostofEndingGoodsSold Inventorya. Specific Identification(100 x $5.00) + (80 x $6.00) + (45 x $7)........................ $1,295$2,800 - $1,295.............................................................. $1,505b. Weighted Average($2,800 / 460 units = $6.087* average cost per unit)225 x $6.087.................................................................. $1,370*235 x $6.087.................................................................. $1,430*c. FIFO(100 x $5.00) + (125 x $6.00)........................................ $1,250(140 x $7.00) + (95 x $6.00).........................................$1,550©McG340d. LIFO(140 x $7.00) + (85 x $6.00).......................................... $1,490(100 x $5.00) + (135 x $6.00)........................................ $1,310 *roundedExercise 6-8A (20 minutes)Ending InventoryCost of Goods Solda. Specific identification(135 x $2.70) + (135 x $2.60) + (135 x $2.30).......$1,026$8,976 - $1,026.......................................................$7,950 b. Weighted average ($8,976/3,780 = $2.375*)405 x $2.375...........................................................962*$8,976 - $962..........................................................8,014* c. FIFO(390 x $2.70) + (15 x $2.60) ..................................1,092(270 x $1.90) + (540 x $2.05) + (1,350 x $2.30) +(1,215 x $2.60)..................................................7,884 d. LIFO(270 x $1.90) + (135 x $2.05).................................790*(390 x $2.70) + (1,230 x $2.60) + (1,350 x $2.30)+ (405 x $2.05).....................................................8,186* *RoundedIncome effect: FIFO provides the lowest cost of goods sold, thehighest gross profit, and the highest net income.©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 341PROBLEM SET AProblem 6-1A (40 minutes)Instructor note: In the first printing, Requirement 3 in the book for specific identification reads “—units sold consist of…,” which should read “—ending inventory consists of…”1. Compute cost of goods available for sale and units available for saleBeginning inventory......................... 770 units @ $50$38,500 Feb. 10............................................... 420 units @ $4117,220 Mar. 13............................................... 260 units @ $256,500 Aug. 21............................................... 180 units @ $498,820 Sept. 5............................................... 585 units @ $42 24,570 Units available................................... 2,215 unitsCost of goods available for sale $95,6102. Units in ending inventoryUnits available (from part 1).............2,2151,420Less: Units sold (770 + 650).............Ending Inventory (units) (795)©McG3423a. FIFO perpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 770 @ $50 = $38,5002/10 420 @ $41 = $17,220 770 @ $50420 @ $41 = $55,720 3/13 260 @ $25 = $ 6,500 770 @ $50420 @ $41 = $62,220260 @ $253/15 770 @ $50 = $38,500 420 @ $41260 @ $25 = $23,7208/21 180 @ $49 = $ 8,820 420 @ $41260 @ $25 = $32,540180 @ $499/ 5 585 @ $42 = $24,570 420 @ $41260 @ $25 = $57,110180 @ $49585 @ $429/10 420 @ $41230 @ $25 = $22,970_______ 30 @ $25180 @ $49585 @ $42 = $34,140$61,470FIFO Alternate Solution FormatCost of goods available for sale $95,610 Less: Cost of sales 770 @ $50 $38,500420 @ $41 17,220230 @ $25 5,75061,470 Total cost of goods soldEndingInventory $34,140 Proof of Ending Inventory30 @ $25 180 @ $49 $ 7508,820585 @ $42 24,570EndingInventory............... 795 units $34,140©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 6 3433b. LIFO perpetualDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 770 @ $50 = $38,500 2/10 420 @ $41 = $17,220 770 @ $50420 @ $41 = $55,720 3/13 260 @ $25 = $ 6,500 770 @ $50420 @ $41 = $62,220260 @ $253/15 260 @ $25420 @ $41 = $28,22090 @ $50680 @ $50 = $34,0008/21 180 @ $49 = $ 8,820 680 @ $50180 @ $49 = $42,820 9/ 5 585 @ $42 = $24,570 680 @ $50180 @ $49 = $67,390585 @ $429/10 585 @ $4265 @ $49 = $27,755_______680 @ $50115 @ $49 = $39,635$55,975LIFO alternate solution formatCost of goods available for sale $95,610Less: Cost of sales 260 @ $25 $ 6,500420 @ 41 17,22090 @ 50 4,500585 @ 42 24,57065 @ 49 3,18555,975 Cost of Goods SoldEndingInventory $39,635 Proof of Ending Inventory680 @ $50 $34,0005,635115 @ 49EndingInventory………..795 units $39,635©McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition 3443c. Specific IdentificationCost of goods available for sale...........$95,610Less: Cost of Goods Sold675 @ $50..................................$33,750245 @ $41.................................. 10,045190 @ $25..................................4,750180 @ $49..................................8,820130 @ $42.................................. 5,460Total cost of goods sold........................ 62,825Ending Inventory....................................$32,785Proof of Ending Inventory95 @ $50 $ 4,750175 @ $41 7,17570 @ $25 1,750455 @ $42 19,110Ending Inventory…………. 795 units $32,785, 2009345P roblem 6-1A (Continued)3d. Weighted AverageDate Goods Purchased Cost of Goods Sold Inventory Balance1/ 1 770 @ $50.00 = $38,500 2/10 420 @ $41 = $17,220 770 @ $50.00420 @ $41.00 = $55,720(avg. cost is $46.824*)3/13 260 @ $25 = $ 6,500 770 @ $50.00420 @ $41.00 = $62,220260 @ $25.00(avg. cost is $42.910*)3/15 770 @ $42.910* = $33,041**680 @ $42.910* = $29,179** 8/21 180 @ $49 = $ 8,820 680 @ $42.910*180 @ $49.000 = $37,999(avg. cost is $44.185*)9/ 5 585 @ $42 = $24,570 680 @ $42.910*180 @ $49.000585 @ $42.000 = $62,569(avg. cost is $43.300*)9/10 650 @ $43.300 = $28,145**795 @ $43.300 = $34,424$61,186* rounded to three decimals** rounded to nearest dollar4.FIFO LIFO SpecificIdentifi-cationWeightedAverageSales (1,420 x $75)................$106,500$106,500$106,500 $106,500 Less: Cost of goods sold..... 61,470 55,975 62,825 61,186 Gross profit............................$ 45,030$ 50,525$ 43,675 $ 45,3145. The manager would likely prefer the LIFO method since this method’sgross profit is the largest at $50,525. This would give the manager the highest bonus based on gross profit.©McG346a. Lower of cost or market for the inventory as a whole = $275,948b. Lower of cost or market for the inventory by major category =$95,011 + $148,699 + $27,752 = $271,462 c. Lower of cost or market for inventory applied separately = $264,007, 2009347P art 1(a)Cost of goods sold 2008 2009 2010 Reported......................................$ 623,000$ 955,000 $ 780,000 Adjustments: 12/31/2008 error.....- 56,000+ 56,00012/31/2009 error..... + 25,000 - 25,000 Corrected....................................$ 567,000$1,036,000 $ 755,000 (b)Net income 2008 2009 2010 Reported......................................$ 230,000$ 275,000 $ 250,000 Adjustments: 12/31/2008 error.....+ 56,000- 56,00012/31/2009 error..... - 25,000 + 25,000 Corrected....................................$ 286,000$ 194,000 $ 275,000 (c)Total current assets 2008 2009 2010 Reported......................................$1,247,000$1,360,000 $1,230,000 Adjustments: 12/31/2008 error.....+ 56,00012/31/2009 error..... - 25,000 Corrected....................................$1,303,000$1,335,000 $1,230,000 (d)Equity 2008 2009 2010 Reported......................................$1,387,000$1,580,000 $1,245,000 Adjustments: 12/31/2008 error.....+ 56,00012/31/2009 error....._________ - 25,000 Corrected....................................$1,443,000$1,555,000 $1,245,000 P art 2Total net income for the combined three-year period ($755,000) is not affected by the errors. This is because these errors are "self-correcting"—that is, each overstatement (or understatement) of net income is offset by a matching understatement (or overstatement) in the following year.P art 3The understatement of inventory by $56,000 results in an overstatement of cost of goods sold by that same amount. The $56,000 overstatement of cost of goods sold results in an understatement of gross profit by the same amount. This understatement of gross profit carries through to an understatement of net income. Since the understated net income is closed to equity, the final equity figure is understated by the amount of the inventory understatement.©McG348。
会计学原理复习大纲
会计学原理复习大纲会计学原理是一门系统地研究企业会计基本理论、基本方法和基本制度的学科。
下面是会计学原理复习大纲，主要包括会计的基本概念、会计的基本假设、会计的基本分类、会计主体和会计要素、会计的基本过程和会计的基本制度等内容。
一、会计的基本概念1.会计的含义和作用：会计是一种经济管理活动，以核算为主要内容，以提供信息为目的，以决策为导向。
2.会计的基本特征：客观性、真实性、时效性、可比性等。
二、会计的基本假设1.会计实体假设：将企业看作一个独立经济单位进行核算。
2.实体和业务活动的连续性假设：企业的业务活动是连续进行的，所以需要按照时间周期进行核算。
3.货币计量假设：以货币为计量基准进行会计核算。
4.会计期间假设：将企业的业务活动划分为若干个会计期间进行核算。
三、会计的基本分类1.财务会计和管理会计：财务会计以外部利益相关方为对象，主要目的是提供企业整体经济活动的真实、准确的信息。
管理会计以内部管理者为对象，主要目的是为企业管理层提供决策支持。
2.静态会计和动态会计：静态会计主要关注其中一时刻的企业财务状况，如财务报表。
动态会计主要关注企业在一段时间内的经济活动，如成本会计、预算会计等。
四、会计主体和会计要素1.会计主体：被核算的经济单位，包括个体经济组织和自然人。
2.会计要素：反映企业经济活动的成本、价值和盈余的基本组成部分，包括资产、负债、所有者权益、收入和费用。
五、会计的基本过程1.记账：根据会计凭证将经济业务转化为会计账务记录。
2.调试：对会计账务记录进行校对、调整和汇总。
3.编制财务报表：根据会计凭证和会计账务记录编制资产负债表、损益表等财务报表。
4.分析和解读财务报表：对财务报表进行分析，评价企业的经营状况和盈利能力。
六、会计的基本制度1.会计职业道德：会计师应遵循的道德规范和职业准则。
2.会计制度：包括会计制度的建立、完善和实施，以及会计制度的规范和监督。
3.会计信息系统：包括会计信息的采集、处理和传输等环节，以及会计信息系统的设计和管理。
会计学原理复习提纲
会计学原理复习提纲一、会计的定义和职能会计是以货币为主要计量单位，运用专门的方法，对企业、机关单位或其他经济组织的经济活动进行连续、系统、全面地反映和监督的一项经济管理活动。
会计具有两大基本职能，分别是核算和监督。
核算职能是指会计以货币为主要计量单位，对特定主体的经济活动进行确认、计量、记录和报告，为有关各方提供会计信息。
监督职能则是指会计对特定主体经济活动和相关会计核算的真实性、合法性和合理性进行审查。
二、会计基本假设和会计基础（一）会计基本假设1、会计主体：明确会计核算的空间范围，是指企业会计确认、计量和报告的空间范围。
2、持续经营：假定企业在可预见的未来会按照当前的规模和状态继续经营下去，不会停业，也不会大规模削减业务。
3、会计分期：将企业持续经营的生产经营活动划分为一个个连续的、长短相同的期间。
4、货币计量：会计主体在会计确认、计量和报告时以货币计量，反映会计主体的生产经营活动。
（二）会计基础1、权责发生制：企业会计的确认、计量和报告应当以权责发生制为基础。
权责发生制要求，凡是当期已经实现的收入和已经发生或应当负担的费用，无论款项是否收付，都应当作为当期的收入和费用；凡是不属于当期的收入和费用，即使款项已在当期收付，也不应当作为当期的收入和费用。
2、收付实现制：则是以款项的实际收付为标准来确认本期收入和费用。
三、会计要素及其确认与计量（一）会计要素会计要素是对会计对象进行的基本分类，包括资产、负债、所有者权益、收入、费用和利润。
1、资产：是指企业过去的交易或者事项形成的、由企业拥有或者控制的、预期会给企业带来经济利益的资源。
2、负债：是指企业过去的交易或者事项形成的、预期会导致经济利益流出企业的现时义务。
3、所有者权益：是指企业资产扣除负债后，由所有者享有的剩余权益。
4、收入：是指企业在日常活动中形成的、会导致所有者权益增加的、与所有者投入资本无关的经济利益的总流入。
5、费用：是指企业在日常活动中发生的、会导致所有者权益减少的、与向所有者分配利润无关的经济利益的总流出。
会计学原理第19版全英版
FICA Taxes — Soc. Sec.
2008: 6.2% of the first $102,200 earned in the year ( Max = $6,324).
FICA Taxes — Medicare
2008: 1.45% of all wages earned in the
year.
P2
PAYROLL LIABILITIES
Employers incur expenses and liabilities from
having employees.
McGraw-Hill/Irwin
Slide 19
P2
EMPLOYEE PAYROLL DEDUCTIONS
Gross Pay
FICA Taxes
Slide 4
C1
UNCERTAINTY IN LIABILITIES
Uncertainty in Whom to Pay
McGraw-Hill/Irwin
Uncertainty in When to Pay
Uncertainty in How Much to Pay
Slide 5
C 2 KNOWN (DETERMINABLE) LIABILITIES
PROMISSORY NOTE
$20,000 Face Value
Sept. 1, 2009 Date
Hale Waihona Puke Ninety days after date I promise to pay to the order of
American Bank
Nashville, TN
Twenty thousand and no/100 - - - - - - - - - - - - - - - - - Dollars
《会计学原理》复习提纲
《会计学原理》复习提纲会计学原理复习提纲第一部分：会计基础知识1.会计学的定义和发展历程2.会计职业的伦理要求和职业责任3.会计信息及其宗旨4.会计信息的特征和质量要求5.会计信息的使用者和需求第二部分：会计基础理论1.会计要素和核算对象2.会计等式和资产负债表3.会计等式的变动和业务循环4.会计凭证和账务处理5.会计账簿和账务管理6.会计报表和财务报告第三部分：会计核算方法1.利润核算和收入确认2.成本核算和成本计算3.投资收益的核算4.现金与应收账款的核算5.应付账款和其他应付款的核算6.存货和固定资产的核算第四部分：会计信息分析与决策1.资产负债表分析2.利润表分析3.现金流量表分析4.财务比率分析5.基本财务风险评估6.会计信息在决策中的应用第五部分：会计制度和法律法规1.会计制度的基本框架和内容2.会计核算准则和会计政策3.中国会计制度和国际会计准则4.会计法律法规和会计监管第六部分：会计信息系统1.会计信息系统的概念和组成部分2.会计信息系统的设计和实施3.会计信息系统的运行和维护4.信息技术对会计信息系统的影响5.会计信息安全和风险管理第七部分：会计伦理和职业发展1.会计职业伦理和职业行为准则2.会计职业道德和职业责任3.会计职业的发展和未来趋势4.会计师的职业角色和责任5.会计师执业和培训要求总结：会计学原理的核心概念和基本知识-会计学定义、发展历程和会计职业的伦理要求-会计信息特征、宗旨和质量要求，使用者及其需求-会计要素、核算对象和会计等式的变动过程-会计凭证、账务处理、账簿管理和财务报告-会计核算方法和会计信息分析与决策-会计制度与法律法规、会计信息系统和会计伦理-会计职业发展和会计师的职业角色和责任注意：-针对每个部分进行重点复习，掌握核心概念和要点-将理论知识与实际案例结合，加强理解和应用能力-多做习题和案例分析，检验自己的掌握程度-注意会计法律法规和会计政策的最新动态，及时更新知识-关注会计职业发展和会计伦理，提高个人职业素养总结提纲只是为了方便复习的参考，希望能对你的复习有所帮助。
会计学原理复习提纲
基础会计复习提纲一、题型单选（20’）、多选（10’）名词解释（18’）、计算题（10-14’）、业务题（38-42’）二、考试大纲（一）计算题1）经济业务对会计等式的影响2）成本计算3）资产负债表主要项目计算4）利润表主要项目计算（二）实务题1）企业主要经济业务会计处理2）银行存款余额调节表编制3）财产清查结果的会计处理（三）名词解释会计基本假设、持续经营假设、实质重于形式、资产、费用、会计等式、对应账户、复试记账法、记账凭证、分类账簿、平行登记、永续盘存制、未达账项、财务会计报告（三）各章节知识点CH11、会计的含义2、会计的基本职能是什么？3、会计核算方法有哪些？4、四大会计假设（或会计核算的基本前提）是什么？如何理解这四大假设？5、会计核算基础是什么？会计信息质量特征有哪些？如何理解这些特征？CH21、会计要素的含义、内容2、会计等式有哪些？经济业务的发生对会计等式的影响CH31、T型账户的基本结构、借贷记账法下六大会计要素的账户结构特点分别是怎样的？2、借贷记账法、复式记账法的含义、借贷记账法的记账规则3、熟悉相关会计科目归属于哪类会计要素。
CH4要求掌握具体业务的会计分录如何编制。
1、原材料按计划成本计价的核算不要求掌握；“长期待摊费用”账户不要求掌握；利润分配的明细账户不要求掌握。
2、什么是收付实现制？什么是权责发生制？根据权责发生制原则如何进行本期收入和费用的确认？CH61、原始凭证的种类、记账凭证的种类；记账凭证的含义2、收、付款以及转账凭证分别用来填制哪些经济业务？CH71、账簿的种类有哪些？2、明细分类账有哪几种格式？分别适用于哪些类型的账户？3、错账更正的方法有哪些？分别适用于哪种错账的更正？4、总分类账和明细分类账平行登记的要点？CH81、什么是盘盈、什么是盘亏？2、什么是永续盘存制？什么是实地盘存制？3、什么是未达账项？如何编制银行存款余额调节表？该调节表是编制凭证的依据么？4、如何进行财产清查结果的会计处理？CH91、什么是财务会计报告？财务会计报告的构成有哪些？2、资产负债表和利润表的含义以及它们的编制依据是什么？如何进行资产负债表各项目“期末数”的编制？如何进行利润表“本期数”编制？。
怀尔德《会计学原理》19版答案（10）
怀尔德《会计学原理》19版答案（10）Chapter 11Current Liabilities and Payroll AccountingQUICK STUDIESQ uick Study 11-1 (5 minutes)Items 3, 4, 5 and 6 are current liabilities for this company. Quick Study 11-2 (10 minutes)Oct. 31 Cash................................................................7,500,000 Unearned Ticket Revenue.......................7,500,000To record sales in advance of concerts.Nov. 5 Unearned Ticket Revenue.............................1,500,000 Earned Ticket Revenue...........................1,500,000To record concert revenues earned.($7,500,000 / 5 dates = $1,500,000)Quick Study 11-3 (10 minutes)Sept. 30 Cash................................................................12,720 Sales.........................................................12,000Sales Taxes Payable (720)To record cash sales and 6% sales tax.Sept. 30 Cost of Goods Sold.......................................7,800 Merchandise Inventory...........................7,800To record cost of Sept. 30th sales., 2009605Oct. 15 Sales Taxes Payable (720)Cash (720)To record remittance of sales taxes to govt.Q uick Study 11-4 (15 minutes)1. Computation of interest payable at December 31, 2009:Days from November 7 to December 31....................54 days Accrued interest (8% x $80,000 x 54/360)..................$9602. 2009Dec.31 Interest Expense (960)Interest Payable (960)To record accrued interest (8% x $80,000 x 54/360).3. 2010Feb. 5 Interest Expense* (640)Payable (960)Interest Payable........................................................80,000Notes Cash................................................................. 81,600To record payment of note plus interest*(8% x $80,000 x 36/360).Quick Study 11-5 (15 minutes)[Note: Two months (January and February) of earnings have already been recorded for each of the 5 employees.] Mar. 31 Payroll Taxes Expense...........................................1,457.50 FICA—Social Security Taxes Payable1........... 930.00 FICA—Medicare Taxes Payable2...................... 217.50State Unemployment Taxes Payable3............. 270.00 Federal Unemployment Taxes Payable4......... 40.00To record employer payroll taxes.1$15,000 x 6.2% = $930.002$15,000 x 1.45% = $217.503[5 x ($7,000 - ($3,000 x 2))] x 5.4% = $270.004[5 x ($7,000 - ($3,000 x 2))] x 0.8% = $40.00Quick Study 11-6 (5 minutes)Vacation Benefits Expense* (250)Vacation Benefits Payable (250)To record vacation benefits accrued.* ($3,250 - $3,000)McG606Quick Study 11-7 (5 minutes)Dec. 31 Employee Bonus Expense....................................15,000 Bonus Payable............................................... 15,000To record expected bonus costs.Q uick Study 11-8 (10 minutes)2009July 24 Estimated Warranty Liability (55)Repair Parts Inventory (55)To record cost of warranty repairs.Quick Study 11-9 (10 minutes)1. (b); reason—is reasonably estimated but not a probable loss.2. (b); reason—probable loss but cannot be reasonably estimated.3. (a); reason—can be reasonably estimated and loss is probable.EXERCISESExercise 11-1 (10 minutes)9. C1. C 3. L 5. C 7. C2. C 4. N 6. L 8. C 10. CE xercise 11-2 (15 minutes)[Note: All entries dated December 31, 2009.]Expense....................................................3,4441. WarrantyEstimated Warranty Liability............................3,444To record warranty expense [4,100 units x 6% x $14].2. No adjusting entry can be made since the loss cannot be reasonablyestimated. Disclosure of the suit as a contingent liability should be made in the notes to the financial statements., 20096073. Vacation Benefits Expense.....................................2,940Vacation Benefits Payable................................2,940To record vacation benefits expense[28 employees x 1 day x $105].4. No adjusting entry is required since it is not probable that the supplier willdefault on the debt. The guarantor, Madison Company, should describe theguarantee in its financial statement notes as a contingent liability.5. Cash...........................................................................556,400Sales.....................................................................520,000Sales Taxes Payable...........................................36,400To record sales and sales taxes.Cost of Goods Sold...................................................260,000Merchandise Inventory.......................................260,000To record cost of sales.Revenue....................................104,0006. UnearnedServicesEarned Services Revenue..................................104,000To record product revenue earned.Exercise 11-3 (15 minutes)1. B = 0.04 ($1,300,000 – B)B = $52,000 – 0.04B1.04B = $52,000$50,000B =2.2009Dec. 31 Employee Bonus Expense................................50,000Bonus Payable...........................................50,000To record expected bonus costs.3.2010Jan. 19 Bonus Payable....................................................50,000Cash............................................................50,000 To record payment of bonus.Exercise 11-4 (30 minutes)1. Maturity date = May 15 + 180 days = November 11, 2009McG608May 15 Cash........................................................................137,000Notes Payable.................................................. 137,000Borrowed cash by issuing an interest-bearing note.2b.Nov 11 Interest Expense*..................................................6,165Payable........................................................137,000NotesCash.................................................................. 143,165Repaid note plus interest.*Principal.....................$137,000x Interest rate................9%x Fraction of year.......... 180/360Total interest.................$ 6,165Exercise 11-5 (30 minutes)1. Maturity date = November 1 + 180 days = April 30, 2010.2. Principal.........................................................................$240,000Interestrate.................................................................10%xx Fraction of year (Nov. 1 – Dec. 31)............................ 60/360Total interest in 2009....................................................$ 4,0003. Principal.........................................................................$240,000rate.................................................................10%xInterestx Fraction of year (Jan. 1 – Apr. 30)............................. 120/360Total interest in 2010....................................................$ 8,0004a.2009Nov. 1 Cash........................................................................240,000Notes Payable.................................................. 240,000Borrowed cash by issuing an interest-bearing note.4b.2009Dec. 31 Interest Expense.................................................... 4,000Interest Payable............................................... 4,000Accrued interest on note payable.McGraw-Hill Companies, 2009 Solutions Manual, Chapter 11 609Apr. 30 Interest Expense....................................................8,000Payable.....................................................4,000InterestPayable........................................................240,000NotesCash.................................................................. 252,000Repaid note plus interest.Exercise 11-6 (20 minutes)Subjectto Tax Rate Tax Explanationa.FICA--Social Security............$2,100 6.20%$130.20Full amount is subject to tax. FICA—Medicare.....................2,100 1.4530.45Full amount is subject to tax. FUTA...........................................1,1000.808.80$1,000 is over the maximum. SUTA...........................................1,100 2.9031.90$1,000 is over the maximum.b. FICA--Social Security............$2,500 6.20%$155.00Full amount is subject to tax. FICA—Medicare.....................2,500 1.4536.25Full amount is subject to tax. FUTA...........................................00.800.00Full amount is over maximum. SUTA...........................................0 2.900.00Full amount is over maximum.c. FICA--Social Security............$6,300 6.20%$390.60$1,100 is over the maximum. FICA—Medicare.....................7,400 1.45107.30Full amount is subject to tax. FUTA...........................................00.800.00Full amount is over maximum. SUTA...........................................0 2.900.00Full amount is over maximum.610E xercise 11-7 (20 minutes)(1)Sept. 30 Salaries Expense...................................................2,100.00 FICA—Social Security Taxes Payable........... 130.20FICA—Medicare Taxes Payable..................... 30.45Employee Federal Income Taxes Payable......250.00Salaries Payable.............................................. 1,689.35To record payroll for pay period ended September 30.(2)Sept. 30 Payroll Taxes Expense..........................................201.35 FICA—Social Security Taxes Payable........... 130.20FICA—Medicare Taxes Payable..................... 30.45Federal Unemployment Taxes Payable......... 8.80State Unemployment Taxes Payable............. 31.90To record employer payroll taxes.Exercise 11-8 (25 minutes)1. Warranty Expense = 3% of dollar sales = 3% x $9,400 = $2822. The December 31, 2009, balance of the liability equals the expensebecause no repairs are provided in 2009. Therefore, the ending balance of the Estimated Warranty Liability account is $282.3. The company should report no additional warranty expense in 2010 forthis copier.4. The December 31, 2010, balance of the Estimated Warranty Liabilityaccount equals the 2010 beginning balance minus the costs incurred in 2010 to repair the copier:Ending 2009 balance..........................................................$ 282Less parts cost (125)Ending 2010 balance..........................................................$ 157McGraw-Hill Companies, 2009 Solutions Manual, Chapter 11 6115. Journal entries2009 (a)Aug. 16 Cash.........................................................................9,400 Sales..................................................................9,400To record cash sale of copier.Aug. 16 Cost of Goods Sold................................................6,500 Merchandise Inventory....................................6,500To record cost of August 16 sale.(b)Dec. 31 Warranty Expense (282)Estimated Warranty Liability (282)To record warranty expense for copier sold in 2009.2010 (c)Nov. 22 Estimated Warranty Liability (125)Repair Parts Inventory (125)To record cost of warranty repairs.McG612PROBLEM SET AProblem 11-1A (45 minutes)Locust Natl. Bank Fargo1. Maturity datesDate of the note........................May 19July 8 Nov. 28Term of the note (in days).......120120 60date.............................Sept. 16Nov. 5 Jan. 27Maturity2. Interest due at maturityPrincipal of the note................$ 39,000$120,000 $60,000Annual interest rate.................9%8.5% 8%year........................ 120/360 120/360 60/360ofFractionexpense.......................$ 1,170$ 3,400 $ 800Interest3. A ccrued interest on Fargo note at the end of 2008Total interest for note.................................................... $ 800Fraction of term in 2008................................................ 33/60Accrued interest expense............................................. $ 4404. Interest on Fargo note in 2009Total interest for note.................................................... $ 800Fraction of term in 2009................................................ 27/60Interest expense in 2009............................................... $ 360McGraw-Hill Companies, 2009 Solutions Manual, Chapter 11 613P roblem 11-1A (Concluded)5.2008Apr. 20 Merchandise Inventory........................................48,250Accounts Payable—Locust........................... 48,250Purchased merchandise on credit.May 19 Accounts Payable—Locust.................................48,250Cash................................................................. 9,250Notes Payable—Locust.................................. 39,000Paid $9,250 cash and gave a 120-day,9% note to extend due date on account.July 8 Cash.......................................................................120,000 Notes Payable—National............................... 120,000 Borrowed cash with a 120-day, 8.5% note.Sept. 16 Interest Expense...................................................1,170 Payable—Locust........................................39,000Notes Cash................................................................. 40,170Paid note with interest.Nov. 5 Interest Expense...................................................3,400 Payable—National.....................................120,000Notes Cash................................................................. 123,400Paid note with interest.28 Cash.......................................................................60,000 Notes Payable—Fargo Bank.......................... 60,000 Borrowed cash with 60-day, 8% note.Dec. 31 Interest Expense (440)Interest Payable (440)Accrued interest on note payable.2009Jan. 27 Interest Expense (360)Notes Payable—Fargo Bank................................60,000 (440)InterestPayable Cash................................................................. 60,800Paid note with interest.McGraw-Hill Companies, 2009Fundamental Accounting Principles, 19th Edition 6141.2008Nov. 11 Cash..........................................................................4,500 Sales...................................................................4,500Sold razors to customers.11 Cost of Goods Sold.................................................1,200Merchandise Inventory.....................................1,200To record cost of November 11 sale (75 x $16).30 Warranty Expense (315)Estimated Warranty Liability (315)To record razor warranty expenseand liability at 7% of selling price.Dec. 9 Estimated Warranty Liability (240)Merchandise Inventory (240)To record cost of razor warrantyreplacements (15 x $16).16 Cash..........................................................................12,600Sales...................................................................12,600Sold razors to customers.16 Cost of Goods Sold.................................................3,360Merchandise Inventory.....................................3,360To record cost of December 16 sale (210 x $16).29 Estimated Warranty Liability (480)Merchandise Inventory (480)To record cost of razor warrantyreplacements (30 x $16).31 Warranty Expense (882)Estimated Warranty Liability (882)To record razor warranty expenseand liability at 7% of selling price., 20096152009Jan. 5 Cash..........................................................................7,800Sales...................................................................7,800Sold razors to customers.5 Cost of Goods Sold.................................................2,080Merchandise Inventory.....................................2,080To record cost of January 5 sale (130 x $16).17 Estimated Warranty Liability (560)Merchandise Inventory (560)To record cost of razor warrantyreplacements (35 x $16).31 Warranty Expense (546)Estimated Warranty Liability (546)To record razor warranty expenseand liability at 7% of selling price.2. Warranty expense for November 2008 and December 2008Sales Percent Warranty Expense November.................$ 4,500 7%$ 315December.................. 12,6007 882Total..........................$17,100$1,197expense for January 20093. WarrantySales in January...........................$ 7,800Warranty percent.......................... 7%Warranty expense........................$ 5464. Balance of the estimated liability as of December 31, 2008Warranty expense for November...................................$ 315creditWarranty expense for December...................................882 credit Cost of replacing items in December (45 x $16).......... (720)debitEstimated Warranty Liability balance............................$ 477 credit5. Balance of the estimated liability as of January 31, 2009Beginning balance.......................................................... $ 477 credit credit Warranty expense for January (546)Cost of replacing items in January (35 x $16).............. (560)debitEstimated Warranty Liability balance........................... $ 463 creditMcG6161. Each employee’s FICA withholdings for Social SecurityDahlia Trey Kiesha Chee Total Maximum base.............$102,000$102,000$102,000$102,000Earned through 8/18.... 100,500 31,850 6,260 1,000W ould-be subject to tax..$ 1,500$ 70,150$ 95,740$101,000 Earned this week.......... $ 3,600$ 1,275$ 1,440 $ 400Pay subject to tax......... 1,5001,2751,440 400Tax rate......................... 6.20% 6.20% 6.20% 6.20%Social Security tax....... $ 93.00$ 79.05$ 89.28 $ 24.80 $286.132. Each employee’s FICA withholdings for Medicare (no limits)Dahlia Trey Kiesha Chee Total Earned this week..........$ 3,600$ 1,275$ 1,440$ 400Tax rate......................... 1.45% 1.45% 1.45% 1.45% Medicare tax.................$ 52.20$ 18.49$ 20.88$ 5.80$ 97.373. Employer’s FICA taxes for Social SecurityDahlia Trey Kiesha Chee Total Amount from part 1......$ 93.00$ 79.05$ 89.28$ 24.80$286.134. Employer’s FICA taxes for MedicareDahlia Trey Kiesha Chee Total Amount from part 2......$ 52.20$ 18.49$ 20.88$ 5.80$ 97.37, 2009617P roblem 11-4A (Concluded)5. Employer’s FUTA taxesDahlia Trey Kiesha Chee Total Maximum base..............$ 7,000$ 7,000$ 7,000$ 7,000Earned through 8/18..... 100,500 31,850 6,260 1,000W ould-be subject to tax...007406,000Earned this week.........$ 3,600$ 1,275$ 1,440$ 400Pay subject to tax (00740400)Tax rate........................ 0.8% 0.8% 0.8% 0.8%FUTA tax......................$ 0.00$ 0.00$ 5.92$ 3.20 $ 9.12 6. Employer’s SUTA taxesDahlia Trey Kiesha Chee T otal Subject to tax (from 5)$ 0$ 0$ 740$ 400Tax rate........................ 2.15% 2.15% 2.15% 2.15%SUTA tax......................$ 0.00$ 0.00$ 15.91$ 8.60 $ 24.51 7. Each employee’s net (take-home) payDahlia Trey Kiesha Chee Total Gross earnings.............$3,600.00 $1,275.00$1,440.00$400.00$6,715.00 LessFICA Social Sec. tax....(93.00)(79.05)(89.28)(24.80)(286.13) FICA Medicare taxes.... (52.20)(18.49)(20.88) (5.80)(97.37) Withholding taxes........ (450.00)(140.00)(173.00) (36.00)(799.00) Health insurance.......... (11.00) (11.00) (11.00) (11.00) (44.00) Take-home pay............. $2,993.80$1,026.46$1,145.84 $322.40$5,488.50 8. Employer’s total payroll-related expense for each employeeDahlia Trey Kiesha Chee T otal Gross earnings..............$3,600.00 $1,275.00$1,440.00$400.00$6,715.00 PlusFICA Social Sec. tax......93.0079.0589.2824.80286.13 FICA Medicare taxes.....52.2018.4920.88 5.80 97.37 FUTA tax.........................0.000.00 5.92 3.20 9.12 SUTA tax.........................0.000.0015.91 8.60 24.51 Health insurance............11.0011.0011.00 11.00 44.00 Pension contrib. (8%).... 288.00 102.00 115.20 32.00 537.20 Total payroll expense....$4,044.20$1,485.54$1,698.19 $485.40 $7,713.33?McG 618Problem 11-4A (25 minutes)Part 1Jan. 8 Office Salaries Expense...................................27,760Sales Salaries Expense....................................70,240FICA—Social Sec. T axes Payable*........... 6,076FICA—Medicare Taxes Payable**............. 1,421Employee Fed. Inc. Taxes Payable........... 13,360Employee Medical Insurance Payable...... 1,350Employee Union Dues Payable (840)Salaries Payable......................................... 74,953To record payroll for period.* $98,000 x 6.2%** $98,000 x 1.45%P art 2Jan. 8 Payroll Taxes Expense.....................................13,181FICA—Social Sec. T axes Payable............. 6,076FICA—Medicare Taxes Payable................ 1,421State Unemployment Taxes Payable*....... 4,900F ederal Unemployment Taxes Payable** (784)To record employer payroll taxes.* $98,000 x .05 = $4,900**$98,000 x .008 = $784McGraw-Hill Companies, 2009 Solutions Manual, Chapter 11 619。