19版会计学原理怀尔德答案Chapter 1

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怀尔德会计学原理答案chapter1

怀尔德会计学原理答案chapter1

怀尔德会计学原理答案chapter1● 1. The purpose of accounting is to provide decisionmakers with relevant and reliable information to help them make better decisions. Examples include information for people making investments, loans, and business plans.● 2. Technology reduces the time, effort, and cost ofrecordkeeping. There is still a demand for people who can design accounting systems, supervise their operation, analyze complex transactions, and interpret reports. Demand also exists for people who can effectively use computers to prepare and analyze accounting reports. Technology will never substitute for qualified people with abilities to prepare, use, analyze, and interpret accounting information.● 3.External users and their uses of accountinginformation include:(a) lenders, to measure the risk and return of loans;(b) shareholders, to assess whether to buy, sell, or holdtheir shares;(c) directors, to oversee their interests in theorganization;(d) employees and labor unions, to judge the fairnessof wages and assess future employment opportunities; and(e) regulators, to determine whether the organizationis complying with regulations. Other users are voters, legislators, government officials, contributors to nonprofits, suppliers and customers.● 4.Business owners and managers use accountinginformation to help answer questions such as: What resources does an organization own? What debts are owed?How much income is earned? Are expenses reasonable for the l evel of sales? Are customers‘ accounts being promptly collected?● 5. Service businesses include: Standard and Poor‘s, Dun& Bradstreet, Merrill Lynch, Southwest Airlines, CitiCorp, Humana, Charles Schwab, and Prudential.Businesses offering products include Nike, Reebok, Gap, Apple Computer, Ford Motor Co., Philip Morris, Coca-Cola, Best Buy, and Circuit City.● 6. The internal role of accounting is to serve theorganization‘s internal operating functions. It does this by providing useful information for internal users in completing their tasks more effectively and efficiently. By providing this information, accountinghelps the organization reach its overall goals.●7.Accounting professionals offer many servicesincluding auditing, management advice, tax planning, business valuation, and money management.●8.Marketing managers are likely interested ininformation such as sales volume, advertising costs, promotion costs, salaries of sales personnel, and sales commissions.●9. Accounting is described as a service activity because it serves decision makers by providing information to help them make better business decisions.●10. Some accounting-related professions include consultant,financial analyst, underwriter, financial planner, apprai ser, FBI investigator, market researcher, and system desig ner.●11. Ethics rules require that auditors avoid auditing clientsin which they have a direct investment, or if the audit or‘s fee is dependent on the figures in the client‘s rep orts. This will prevent others from doubting the quality of the auditor‘s report.●12. In addition to preparing tax returns, tax accountantshelp companies and individuals plan future transactions to minimize the amount of tax to be paid. They are also acti vely involved in estate planning and in helping set up org anizations. Some tax accountants work for regulatory agenc ies such as theIRS or the various state departments of rev enue. These tax accountants help to enforce tax laws.●13.The objectivity concept means t hat financial statementinformation is supported by independent, unbiased evidence other than someone‘s opinion or imagination. This concept increases the reliability and verifiability of financia l statement information.●14. This treatment is justified by both the cost principleand the going-concernassumption.●15. The revenue recognition principle provides guidance for managers and auditors so they know when to recognize rev enue. If revenue is recognized too early, the business loo ks more profitable than it is. On the other hand, if reven ue is recognized too late the business looks less profitab le than it is. This principle demands that revenue be reco gnized when it is both earned and can be measured reliably.The amount of revenue should equal the value of the asset s received or expe cted to be received from the business‘s operating activities covering a specific time period.●16. Business organizations can be organized in one of three basic forms: sole proprietorship, partnership, or corporation. These forms have implications for legal liability, taxation, continuity, number of owners, and legal status a s follows:见课本第8页那张表(即exhibit 1.8)●17. (a) Assets are resources owned or controlled by a company that are expected toyield future benefits.(b) Li abilities are creditors‘ claims on assets that reflect obligations to provide assets, products or services to others.(c) Equity is the owner‘s claim on assets and is equalto assets minus liabilities.(d) Net assets refer to equity.●18. Equity is increased by investments from the owner andby net income. It is decreased by withdrawals by the owner and by a net loss (which is the excess of expenses over re venues).●19. Accounting principles consist of (a) general and (b) specific principles. General principles are the basic assum ptions,concepts, and guidelines for preparing financial st atements. They stem from long-used accounting practices. S pecific principles are detailed rules used in reporting on business transactions and events. They usually arise from the rulings of authoritative and regulatory groups such a s the Financial Accounting Standards Board or the Securiti es and Exchange Commission.●20. Revenue (or sales) is the amount received from sellingproducts and services.●21. Net income (also called income, profit or earnings) equals revenues minus expenses (if revenues exceed expenses).Net income increases equity. If expenses exceed revenues, the company has a Net Loss. Net loss decreases equity.●22. The four basic financia l statements are: income statement,statement of owner‘s equity, balance sheet, and state ment of cash flows.●23.An income statement reports a company‘s revenues andexpenses along with the resulting net income or loss overa period of time.●24. Rent expense, utilities expense, administrative expenses,advertising and promotion expenses, maintenance expense, andsalaries and wages expenses are some examples of busin ess expenses.●25.The statement of owner‘s equity explains the changesin equity from net income or loss, and from any owner cont ributions and withdrawals over a period of time.●26.The balance sheet describes a company‘s financial position (types and amounts of assets, liabilities, and equit y) at apoint in time.●27. The statement of cash flows reports on the cash inflows and outflows from a company‘s operating, investing, and financing activities.。

会计学原理 19版 怀尔德 复习提纲 Chapter 1~4

会计学原理 19版 怀尔德 复习提纲 Chapter 1~4
Limited Liability Proprietorship Partnership Corporation × × √ One owner allowed √ × √
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》习题答案

《会计学原理》习题答案

《会计学原理》习题答案《会计学原理》习题答案(仅供参考)第⼀章:总论⼀、单项选择题:1.C 2.A 3.C 4.D 5.D 6.B 7.B 8.A 9.A 10.B 11.D 12.C 13.A 14.D 15D 16.C 17.D 18.D 19.A 20.D⼆、多项选择题:1.ABCD 2.A BCD 3.ABCE 4.ABCD 5.ABC(E) 6.AC 7.AB C 8.BCD 9.ABD 10.ABCD 11.AD 12.ACDE 13.ABCE 14.AB 15ABCDE三、判断题1.√2.√ 3.╳ 4.√ 5.╳ 6.√ 7.╳ 8.╳ 9.╳ 10.╳第⼆章:账户和会计科⽬⼀、单项选择题:1.A 2.D 3.C 4.D 5.A 6.B 7.A 8.A 9.B 10.C⼆、多项选择题:1.BCD E 2.A BDE 3.ABC 4.ABCE 5.ABDE 6.ABC D 7.A CE 8.ABCD 9.AB 10.ACE三、判断题1.╳2.╳ 3.√ 4.╳ 5.╳ 6.╳ 7.╳ 8.√ 9.╳ 10.√11.╳ 12.╳ 13.╳ 14.╳ 15.√六、分析计算题“(⼀)1.固定资产(资产) 2.实收资本/股本(所有者权益) 3.现⾦(资产)4.固定资产(资产)5.原材料(资产)6.短期借款(负债)7.应付账款(负债)8.实收资本/股本(所有者权益)9.应收账款(资产) 10.原村料(资产) 11.其他应收款( 资产) 12.固定资产( 资产)13.库存商品(资产) 14.银⾏存款 (资产) 15.固定资产( 资产) 16.原材料( 资产)资产=330000 负债=30000 所有者权益=300000(⼆)(1)资产内部–增–减资产总额不变(2)资产内部–增–减资产总额不变(3)资产内部–增–减资产总额不变(4)资产内部–增–减资产总额不变(5)资产与负债同增资产总额增加1000元(6)资产与所有者权益同增资产与所有者权益同增资产总额增加(7)资产与负债同增资产总额增加(8)资产与负债同增资产总额增加(9)资产与负债同减资产总额减少业务发⽣后资产总额=14101,000(8000,000+1000+6000,000+100,000+200,000-200,000)(三)利润分别为(1)100,000元 (2)60,000 (3)130,000 (4)80,000第三章复式记账⼀、单项选择题:1.B 2.C 3.C 4.D 5.B 6.D 7.D 8.D 9.C 10.A 11.C⼆、多项选择题:1.ABCDE 2.A CD 3.BCE 4.ABC 5.BCE 6.ABC D 7.A CD 8.ABD 9.ABDE 10.BCD 11.ACD 12.AD 13.ABCD三、判断题1.╳2.√ 3.╳ 4.╳ 5.╳ 6.√ 7.╳ 8.√ 9.√ 10.╳11.√六(⼀)熟悉各类账户的结构:材料 34600 应收账款 1100 银⾏存款10,000 现⾦5255 固定资产176800预收账款 10,000 待摊费⽤1020 预收账款5000 预提费⽤4000 应付账款6995 短期借款 20,000(⼆)试算平衡表:现⾦ 3000 银⾏存款 80100,96600 原材料 39600 库存商品 10500应付账款 7600 短期借款 1000 16100 实收资本 30800 盈余公积100固定资产133600期初余额=245900 本期发⽣额=173200 期末余额=201000七、业务题:1、借:银⾏存款 150,0002、借:银⾏存款 30,000贷:实收资本(股本) 150,000 贷:应收账款30,0003、借:固定资产 50,0004、借:物资采购 8600贷:银⾏存款 50,000 应交税⾦- 应交增值税(进项)1462贷:银⾏存款 5000应付账款 50625、借:银⾏存款20006、借:其他应收款 2100贷:其他应付款 2000 贷:现⾦21007、借:银⾏存款 10,000 8、借:应付账款 10,000贷:短期借款 10,000 贷:银⾏存款 10,0009、借:固定资产 30,000 10、借:现⾦ 3000贷:待转资产价值 30,000 贷:银⾏存款 3000试算平衡表第四章:账户和复式记账的应⽤(答案)习题⼀:1、借:原材料 15,000元应交税⾦——应交增值税(进项税额) 2,550元银⾏存款 7,450元贷:实收资本 25,000元2、借:⽆形资产 20,000元贷:实收资本 20,000元3、借:固定资产 50,000元贷:实收资本 50,000元4、借:固定资产 5,000元贷:资本公积 5,000元5、借:银⾏存款 50,000元贷:短期借款 50,000元6、借:银⾏存款 100,000元贷:长期借款 100,000元习题⼆:1、借:固定资产 47,000元贷:应付账款 47,000元2、借:在建⼯程 35,700元贷:银⾏存款 35,700元3、(1)借:在建⼯程 317,元贷:应交税款—应交增值税(进项税额转出 17元原材料 100元现⾦ 200元(2)借:固定资产 36,017元贷:在建⼯程 36,017元4、(1)借:物资采购—甲20,200元应交税⾦—应交增值税(进项税额)3,400元贷:应付账款23,400元现⾦200元(2)借:原材料—甲20,200元贷:物资采购—甲20200元5、借:物资采购⼄10,30元应交税⾦—已交增值税(进项税制)1700元贷:银⾏存款12,000元6、借:原材料—⼄10,30元贷:物资采购—⼄10300元7、借:应付账款23,400元贷:银⾏存款23,400元8、借:预付账款15,000元贷:银⾏存款15,000元9、借:物资采购—丙20,000元应交税⾦—应交增值税(进项税额)3400元贷:预付账款15,000元银⾏存款84,00元10、借:原材料—丙20,000元贷:物资采购—丙20,000元习题三、1、借:物资采购—甲6,000元—⼄ 5,000元应交税⾦—应交增值税(进项税额)1,870元贷:银⾏存款12,870元2、借:物资采购—甲396元—⼄ 264元贷:现⾦ 600元660分配率=6+4=66甲材料应负担运费=6╳66=396元⼄材料应负担运费=5╳66=264元3、借:原材料—甲6,396元—⼄5,264元贷:物资采购—甲6,394元—⼄5,264元习题四:1、借:⽣产成本—A 25,000元—B 15,000元制造费⽤8,000元管理费⽤2,000元贷:原材料50,000元2、贷:⽣产成本—A 20,000元—B 10,000元制造费⽤3,000元管理费⽤7,000元贷:应付⼯资40,000元3、借:⽣产成本—A 2,800元—B 1400元制造费⽤420元管理费⽤980元贷:应付福利费5,600元4、借:制造费⽤ 200元管理费⽤ 800元贷:银⾏存款1,000元5、借:待摊费⽤——车间 3,600元——⼚部 1,200元贷:银⾏存款 4,800元6、借:制造费⽤ 200元管理费⽤ 100元贷:待摊费⽤——车间 200元——⼚部 100元7、借:财务费⽤ 500元贷:预提费⽤ 500元8、借:制造费⽤ 2,000元管理费⽤ 1,000元贷:累积折旧 3,000元9、借:预提费⽤ 1,200元短期借款 20,000元贷:银⾏存款 21,200元10、借:制造费⽤ 1,180元管理费⽤ 620元贷:应付账款 1,800元习题五:本⽉制造费⽤总额=8000元+3000元+420元+200元+200元+2000元+1180元=15000元制造费⽤分配率=15000/3000=0.5A产品应摊销制造费⽤=20000 × 0.5=10000元B产品应摊销制造费⽤=10000 × 0.5=5000元1、借:⽣产成本——A 10,000元——B 5,000元贷:制造费⽤ 15,000元2、A产品完⼯产品成本=2200+25000+20000+2800+10000=60000元借:库存商品——A 60,000元贷:⽣产成本——A 60,000元3、B产品完⼯产品成本=15000+10000+1400+5000=31400元借:库存商品——B 31,400元贷:⽣产成本——B 31,400元习题六:1、借:应收账款 23,400元贷:主营业务收⼊ 20,000元应交税⾦——应交增值税(销项税额) 3,400元2、借:银⾏存款 46,800元贷:主营业务收⼊ 40,000元应交税⾦——应交增值税(销项税额) 6,800元3、借:银⾏存款 20,000元贷:预收账款 20,000元4、借:预收账款 23,400元贷:主营业务收⼊ 20,000元应交税⾦——应交增值税(销项税额) 2,400元5、加权平均单价=(100×65.5+1000×60)/(100+1000)=60.5元本⽉销售成本=800×60.5=48,400元借:主营业务成本 48,400元贷:库存商品——甲 48,400元6、借:营业费⽤ 1,600元贷:银⾏存款 1,600元7、(1)借:主营业务税⾦及附加 4,000元贷:应交税⾦——应交消费税 4,000元(2)借:应交税⾦——应交消费税 4,000元贷:银⾏存款 4,000元本⽉主营业务利润=20000+40000+20000-48400--4000=27600元习题七:1、借:银⾏存款 2340贷:其他业务收⼊ 2000应交税⾦——应交增值税(销项税额) 3402、借:其他业务⽀出 1800贷:原材料 18003、借:应付账款 5000贷:资本公积 50004、借:待处理财产损溢 5000贷:营业外收⼊ 50005、借:营业外⽀出 4700贷:银⾏存款 4700其他业务利润=2000-1800=200(元)营业外收⽀净额=5000-4700=300(元)习题⼋:1、借:主营业务收⼊ 80000其他业务收⼊ 2000营业外收⼊ 5000贷:本年利润 870002、借:本年利润 73500贷:主营业务成本 48400主营业务税⾦及附加 4000营业费⽤ 1600管理费⽤ 12500财务费⽤ 500其他业务⽀出 1800营业外⽀出 47003、本⽉实现利润总额=87000-73500=13500元本⽉应交所得税=13500×33%=4455元借:所得税 4455贷:应交税⾦——应交所得税 44554、借:本年利润 4455贷:所得税 44555、净利润=13500-4455=9045元提取法定盈余公积=9045×10%=904.5元提取法定公益⾦=9045×5%=452.25元借:利润分配——提取法定公积⾦ 904.5——提取公益⾦ 452.25 贷:盈余公积 1356.75 6、借:利润分配—应付股利 3000贷:应付利润 3000 习题九1、借:银⾏存款 200000贷:短期借款 2000002、借:固定资产 120000贷:实收资本 1200003、借:财务费⽤ 2500贷:预提费⽤ 25004、借:应付账款 45000贷:银⾏存款 450005、借:其他应收款 1000贷:现⾦ 10006、借:短期借款 40000预提费⽤ 1800贷:银⾏存款 418007、借:固定资产 36000贷:银⾏存款 360008、借:预付账款 80000贷:银⾏存款 800009、借:物资采购——⼄材料 100000——丙材料 200000应交税⾦——应交增值税(进项税额) 51000贷:银⾏存款 300000应付账款 5100010、运杂费分配率=6000/(100000+200000)=0.02⼄材料分摊:100000×0.02=2000丙材料分摊:200000×0.02=4000借:物资采购——⼄材料 2000——丙材料 4000贷:银⾏存款 600011、借:原材料——⼄材料 102000——丙材料 204000贷:物资采购——⼄材料 102000——丙材料 20400012、借:物资采购——甲材料 102000应交税⾦——应交增值税(进项税额) 17000贷:预付账款 80000银⾏存款 3900013、借:现⾦ 30000贷:银⾏存款 30000借:应付⼯资 30000贷:现⾦ 3000014、借:⽣产成本——A产品 150000——B产品 60000制造费⽤ 20000管理费⽤ 10000贷:原材料——甲材料 150000——⼄材料 30000——丙材料 6000015、借:⽣产成本——A产品 15000——B产品 10000 制造费⽤ 3000管理费⽤ 2000 16、借:制造费⽤ 30000贷:应付⼯资 30000管理费⽤ 20000贷:累计折旧 5000017、借:待摊费⽤ 18000贷:银⾏存款 18000借:制造费⽤ 800管理费⽤ 400贷:待摊费⽤ 120018、借:制造费⽤ 2700贷:预提费⽤ 270019、借:管理费⽤ 1500贷:其他应收款 1000现⾦ 50020、借:制造费⽤ 1000管理费⽤ 2000贷:现⾦ 300021、借:营业费⽤ 10000贷:银⾏存款 1000022、借:银⾏存款 500000贷:预收账款 50000023、制造费⽤合计=20000+3000+30000+800+2700+1000=57500制造费⽤分配率=57500/(15000+10000)=2.3A产品分配:15000×2.3=34500B产品分配:10000×2.3=23000借:⽣产成本——A产品 34500——B产品 23000贷:制造费⽤ 5750024、A产品完⼯产品成本=10000+150000+15000+34500-20000=189500(元)B产品完⼯产品成本=60000+10000+23000-4000=89000(元)借:库存商品——A 189500——B 89000贷:⽣产成本——A 189500——B 89000(注意:⽉末在产品成本为4000元,练习册为40000元印刷有误)25、借:预收账款 702000贷:主营业务收⼊ 600000应交税⾦——应交增值税(销项税额) 10200026、借:应收票据 351000贷:主营业务收⼊ 300000应交税⾦——应交增值税(销项税额) 5100027、A产品销售成本=1500×94.75=142125(元)B产品销售成本=300×178=53400(元)借:营业务成本 195525贷:库存商品——A 142125——B 5340028、借:主营业务税⾦及附加 20000贷:应交税⾦——应交消费税 2000029(1)借;固定资产 8000贷:待处理财产损益 8000(2)借:待处理财产损益 8000贷:营业外收⼊ 800030、借:营业外⽀出 3000贷:银⾏存款 300031、借:银⾏存款 46800贷:其他业务收⼊ 40000应交税⾦——应交增值税(销项税额) 6800 借:其他业务⽀出 31000贷:原材料 3100032、借:主营业务收⼊ 900000其他业务收⼊ 40000营业外收⼊ 8000贷:本年利润 948000借:本年利润 297925贷:主营业务成本 195525主营业务税⾦及附加 20000营业费⽤ 10000管理费⽤ 35900财务费⽤ 2500其他业务⽀出 31000营业外⽀出 300033、应交所得税=(948000-297925)×33%=214524.75借:所得税 214524.75贷:应交税⾦——应交所得税 214524.75借:本年利润 214524.75贷:所得税 214524.7534、净利润=650075-214524.75=435550.25借:利润分配——提取法定公积⾦ 43555.30——提取公益⾦ 21777.51贷:盈余公积 65332.8135、借:利润分配——应付股利 217775.13贷:应付利润 217775.1336、借:本年利润 435550.25贷:利润分配——未分配利润 435550.2537、借:利润分配——未分配利润 283107.67贷:利润分配——提取法定公积⾦ 43555.03——提取公益⾦ 21777.51——应付股利 217775.13第五章:⼀、单选1、B2、A6、A7、C8、A9、A 10、C⼆、多选1、AE2、ABCD3、BC4、AD5、AB6、ACD7、BC8、BC9、AD 10、AD三、判断1、√2、×3、×4、×5、×6、×7、√8、√9、× 10、√11、√ 12、√ 13、× 14、√ 15、×第六章会计凭证习题答案⼀、单项选择题1、B2、C3、A4、D5、B9、C 10、C11、A 12、D 13、D 14、C 15、A 16、A 17、B 18、C⼆、多项选择题1、ACD2、BCD3、AB4、CD5、AC6、ABC7、ABCD8、BD9、BC10、CD 11、ACD 12、AC三、判断题1、F2、F3、F4、T5、T6、F7、T8、T9、T 10、T 11、T 12、T 13、F 14、F 15、T 第七章:⼀、单选1、A2、B3、D4、B5、B6、C7、D⼆、多选1、BCD2、BCD3、BC4、AD5、ABD6、ACD7、ACD8、ABC9、ABCD 10、ABCD三、判断1、×2、×3、×4、×5、×6、√7、√8、√9、× 10、×六、分析计算题银⾏存款⽇记账(三栏式)七、错账更正1、补充登记法(科⽬和⽅向⽆误),补做蓝字凭证。

Chapter_21 怀尔德《会计学原理》19版答案

Chapter_21  怀尔德《会计学原理》19版答案

Chapter 21Exercise 21-1 (25 minutes)1. Allocation of Indirect Expenses to Four Operating DepartmentsPersonnel ..............................22 11 8,800 Manufacturing ......................104 52 41,600 Packaging ............................. 34 17 13,600 Totals ....................................200 100% $80,000Personnel ..............................5,000 5 3,050 Manufacturing ......................45,000 45 27,450 Packaging ............................. 23,000 23 14,030 Totals ....................................100,000 100% $61,000Personnel ..............................1,200 1 167 Manufacturing ......................42,000 35 5,845 Packaging ............................. 16,800 14 2,338 Totals ....................................$120,000 100% $16,700 2. Report of Indirect Expenses Assigned to Four Operating DepartmentsMaterials ...................$16,000 $16,470 $ 8,350 $ 40,820 Personnel ..................8,800 3,050 167 $ 12,017Manufacturing ..........41,600 27,450 5,845 $ 74,895 Packaging ................. 13,600 14,030 2,338 $ 29,968 Totals ........................$80,000 $61,000 $16,700 $157,700Exercise 21-2 (30 minutes)........................Depreciation ......................56,600 2,000 MH $28.30 per machine hour Line preparation ...............46,000250 setups $184.00 per setup1. Assignment of overhead costs to the two products using ABCMachinery depreciation ......... 500 hours $ 28.30 14,150 Line preparation ..................... 40 setups $184.00 7,360 Total overhead assigned ....... $23,340Machinery depreciation ......... 1,500 hours $ 28.3042,450 Line preparation ..................... 210 setups $184.00 38,640 Total overhead assigned ....... $84,660Direct labor .................................. 12,200 23,800 Overhead (using ABC) ................ 23,340 84,660 Total cost ..................................... $54,540 $151,660 Quantity produced ...................... 10,500 ft. 14,100 ft. Average cost per foot (ABC) ....... $5.19 $10.763. The average cost of rounded edge shelves declines and the average cost of squared edge shelves increases. Under the current allocation method, the rounded edge shelving was allocated 34% of all of the overhead cost ($12,200 direct labor/$36,000 total direct labor). However, it does not use 34% of all of the overhead resources. Specifically, it uses only 25% of machine hours (500 MH/2,000 MH), and 16% of the setups (40/250). Activity based costing allocated the individual overhead components in proportion to the resources used.Exercise 21-7 (15 minutes)(1) Items included in performance reportThe following items definitely should be included in the performance report for the auto service department manager because they are controlled or strongly influ enced by the manager’s decisions and activities:•Sales of parts•Sales of services•Cost of parts sold•Supplies•Wages (hourly)(2) Items excluded from performance reportThe following items definitely should be excluded from the performance report because the department manager cannot control or strongly influence them:•Building depreciation•Income taxes allocated to the department•Interest on long-term debt•Manager’s salary(3) Items that may or may not be included in performance reportThe following items cannot be definitely included or definitely excluded from the performance report because they may or may not be completely under the manager’s control or strong influence:•Payroll taxes Some portion of this expense relates to themanager’s salary and i s not controllable by themanager. The portion that relates to hourly wagesshould be treated as a controllable expense.•Utilities Whether this expense is controllable depends on thedesign of the auto dealership. If the auto servicedepartment is in a separate building or has separateutility meters, these expenses are subject to themanager’s control. Otherwise, the expense probablyis not controllable by the manager of the auto servicedepartment.Exercise 21-9 (20 minutes)(1)Electronics ...................$750,000 $3,750,000 20% Sporting Goods ...........800,000 5,000,000 16% Comment: Its Electronics division is the superior investment center on the basis of the investment center return on assets.Exercise 21-9 (continued)(2)Net income ...................$750,000 $800,000 Target net income$3,750,000 x 12% ...... 5,000,000 x 12% .......(450,000)(600,000)Residual income……. $300,000 $200,000Comment: Its Electronics division is the superior investment center on the basis of investment center residual income.(3) The Electronics division should accept the new opportunity, since it will generate residual income of 3% (15% - 12%) of the i nvestment’s invested assets.Exercise 21-10 (15 minutes)Electronics ...................$750,000 $10,000,000 7.50% Sporting Goods ...........800,000 8,000,000 10.0%Electronics ...................$10,000,000 $3,750,000 2.67 Sporting Goods ...........8,000,000 5,000,000 1.6 Comments: Its Sporting goods division generates the most net income per dollar of sales, as shown by its higher profit margin. The Electronics division however is more efficient at generating sales from invested assets, based on its higher investment turnover.Problem 21-1A (60 minutes)Part 1Average occupancy cost = $111,800 / 10,000 sq. ft. = $11.18 per sq. ft. Occupancy costs are assigned to the two departments as followsLanya’s Dept................. 1,000 $11.18 $11,180 Jimez’s Dept................. 1,700 $11.18 $19,006**A total of $30,186 ($11,180 + $19,006) in occupancy costs is charged to these departments. The company would follow a similar approach in allocating the remaining occupancy costs ($81,614, computed as $111,800 - $30,186) to its other departments (not shown in this problem).Part 2Market rates are used to allocate occupancy costs for depreciation, interest, and taxes. Heating, lighting, and maintenance costs are allocated to the departments on both floors at the average rate per square foot. These costs are separately assigned to each class as follows:Depreciation—Building .................$ 31,500 $31,500 Interest—Building mortgage .........47,000 47,000Taxes—Building and land .............14,000 14,000Gas (heating) expense ...................4,425 $ 4,425 Lighting expense ...........................5,250 5,250 Maintenance expense .................... 9,625 ______ 9,625 Total ................................................$111,800 $92,500 $19,300Value-based costs are allocated to departments in two stepsSecond floor ...................5,000 10 50,000Total market value .........$250,000Second floor ................... 50,000 20 18,500 3.70Totals ..............................$250,000 100% $92,500Usage-based costs allocation rate = $19,300 / 10,000 sq. ft.= $1.93 per sq. ft.We can then compute total allocation rates for the floors$16.73 Second floor ........................... 3.70 1.93 $ 5.63 These rates are applied to allocate occupancy costs to departmentsLanya’s Department......................... 1,000 $16.73 $16,730 Jimez’s Department......................... 1,700 5.63 $ 9,571Part 3A second-floor manager would prefer allocation based on market value. This is a reasonable and logical approach to allocation of occupancy costs. The current method assumes all square footage has equal value. This is not logical for this type of occupancy. It also means the second-floor space would be allocated a larger portion of costs under the current method, but less using an allocation based on market value.Part 1Professional salaries ..................$1,600,000 10,000 hours $160 per hour Patient services & supplies .......$ 27,000 600 patients $45 per patient Building cost ...............................$ 150,000 1,500 sq. ft. $100 per sq. ft. Total costs ...................................$1,777,000Part 2Allocation of cost to the surgical departments using ABCProfessional salaries ............. 2,500 hours $160 per hr. $400,000 Patient services & supplies ...... 400 patients $45 per patient 18,000 Building cost .......................... 600 sq. ft. $100 per sq. ft. 60,000 Total ...............................................................................................$478,000 Average cost per patient ...............................................................$ 1,195Professional salaries ............. 7,500 hours $160 per hr. $1,200,000 Patient services & supplies ...... 200 patients $45 per patient 9,000 Building cost .......................... 900 sq. ft. $100 per sq. ft 90,000 Total ................................................................................................$1,299,000 Average cost per patient ...............................................................$ 6,495[Note that the sum of the amounts allocated to General Surgery and Orthopedic Surgery ($478,000 + $1,299,000) equals the total amount of indirect costs ($1,777,000).] Part 3If all center costs were allocated on the number of patients, the average cost of general surgery would increase. Since general surgery sees 2/3 of all patients (400/600), it would get allocated 2/3 of all center costs. Orthopedic surgery is currently consuming more professional salaries and building space than general surgery, but has fewer patients.Problem 21-3A (70 minutes)Cost of goods sold ........................ 89,964 63,612 27,500 181,076 (2) Gross profit .................................... 93,636 38,988 22,500 155,124 Direct expensesSales salaries ............................... 21,000 7,100 8,500 36,600Advertising ................................... 2,100 700 1,100 3,900Store supplies used .................... 594 378 400 1,372 (3) Depreciation of equipment ......... 2,300 900 1,000 4,200Total direct expenses .................. 25,994 9,078 11,000 46,072 Allocated expensesRent expense ............................... 5,632 2,835 2,353 10,820 (4) Utilities expense .......................... 2,292 1,153 955 4,400 (4) Share of office dept. expenses ... 15,288 8,540 4,172 28,000 (5) Total allocated expenses ............ 23,212 12,528 7,480 43,220 Total expenses ............................... 49,206 21,606 18,480 89,292Net income ..................................... $ 44,430 $17,382 $ 4,020 $ 65,832 Supporting Computations—coded (1) through (5) in statement aboveGrowth rate (8% increase) ............... x 108% x 108%2010 sales ......................................... $183,600 $102,600 $ 50,000Growth rate (8% increase) ............... x 108% x 108% x 55%* 2010 cost of goods sold .................. $ 89,964 $ 63,612 $ 27,500 A LTERNATIVELY2009 cost of goods sold .................. $ 83,300 $ 58,9002009 sales ......................................... $170,000 $ 95,0002009 cost as % of sales ................... 49% 62%2010 sales ........................................ $183,600 $102,600 $ 50,000 2010 cost as % of sales .................. x 49% x 62% x 55%* 2010 cost of goods sold .................. $ 89,964 $ 63,612 $ 27,500 * T he 55% cost of goods sold percent is computed as 100% minus the predicted 45% gross profit margin.Growth rate (8% increase) ................x 108% x 108%2010 store supplies ..........................$ 594 $ 378 $ 400One-fifth from clock to paintings (1,408) $ 1,408 One-fourth from mirror topaintings ______ (945) 945 2010 allocation of $10,820 rent .........$ 5,632 $ 2,835 $ 2,353 Percent of total * ...............................2010 allocation of $4,400total utilities ....................................$ 2,292 $ 1,153 $ 955Percent of total sales * ......................54.6% 30.5% 14.9% 2010 allocation of $28,000total office departmentexpenses ($20,000 in 2009plus $8,000 increase) ......................$ 15,288 $ 8,540 $ 4,172 * Instructor note: If students round to something other than one-tenth of a percent, theirnumbers will slightly vary.Part 1a.Responsibility Accounting Performance ReportManager, Camper DepartmentFor the YearBudgeted Actual Over (Under)Amount Amount Budget Controllable CostsRaw materials .................................$195,900 $194,800 $ (1,100) Employee wages ............................104,200 107,200 3,000 Supplies used .................................34,000 32,900 (1,100) Depreciation—Equipment ............. 63,000 63,000 0 Totals ..............................................$397,100 $397,900 $ 800b.Responsibility Accounting Performance ReportManager, Trailer DepartmentFor the YearBudgeted Actual Over (Under)Amount Amount Budget Controllable CostsRaw materials .................................$276,200 $273,600 $ (2,600) Employee wages ............................205,200 208,000 2,800 Supplies used .................................92,200 91,300 (900) Depreciation—Equipment ............. 127,000 127,000 0 Totals ..............................................$700,600 $699,900 $ (700)c.Responsibility Accounting Performance ReportManager, Ohio PlantFor the YearBudgeted Actual Over (Under)Amount Amount Budget Controllable CostsDept. manager salaries ................. $ 97,000 $ 98,700 $ 1,700 Utilities ........................................... 8,800 9,200 400 Building rent .................................. 15,700 15,500 (200) Other office salaries ..................... 46,500 30,100 (16,400) Other office costs ......................... 22,000 21,000 (1,000) Camper department ...................... 397,100 397,900 800 Trailer department ........................ 700,600 699,900 (700) Total ............................................... $1,287,700 $1,272,300 $(15,400)Part 2The plant manager did a good job of controlling costs and meeting the budget. He came in under budget for the plant even though he paid the department managers more than budgeted and had to absorb the amounts over budget in their departments. This is because he spent less than the budget amount on building rent, other office salaries, and other office costs. The Trailer Department manager also came in under budget. The Camper Department manager came in over budget, and thus performed the worse of the three managers.Problem 21-1B (60 minutes)Part 1Average occupancy cost = $372,000 / 20,000 sq. ft. = $18.60 per sq. ft.Occu pancy costs are assigned to Miller’s department as followsMiller’s Dept.................. 2,000 $18.60 $37,200Part 2Market rates are used to allocate occupancy costs for the building rent. Lighting and cleaning costs are allocated to the departments on all three floors at the average rate per square foot. Costs assigned to each class are:Lighting expense ................... 20,000 $20,000 Cleaning expense .................. 32,000 _______ 32,000 Totals ...................................... $372,000 $320,000 $52,000Value-based costs are allocated in two steps(i) Compute market value of each floorSecond floor ...................7,500 24 180,000Basement floor ...............5,000 12 60,000Total market value .........$600,000Problem 21-1B (Continued)(ii) Allocate the $320,000 to each floor based on its percent of market valueSecond floor ...................180,000 30 96,000 12.80 Basement floor ............... 60,000 10 32,000 6.40$600,000 100% $320,000Usage-based costs allocation rate = $52,000 / 20,000 sq. ft.= $2.60 per sq. ft.Total allocation rates for the departments on all three floors areSecond floor .................12.80 2.60 15.40Basement floor ............. 6.40 2.60 9.00These rates are applied to alloc ate occupancy costs to Miller’s departmentMiller’s Department ................................2,000 $9.00 $18,000Part 3A basement manager would prefer the allocation based on market value. This is a reasonable and logical approach to allocation of occupancy costs. With a flat rate method, all square footage has equal value. This is not logical for this type of occupancy. Less cost would be allocated to the basement departments if the market value method were used.。

约翰怀尔德 会计学原理

约翰怀尔德 会计学原理

约翰怀尔德会计学原理全文共四篇示例,供读者参考第一篇示例:约翰怀尔德(John Wild)是一位著名的会计学家,他对会计学原理的研究和贡献被广泛认可。

他在他的著作中系统地探讨了会计学的基本原理和理论,帮助人们更好地理解和应用会计学知识。

会计学原理是会计学的基础,是会计科学的根本。

约翰怀尔德在他的著作中详细阐述了会计学原理的重要性,并提出了许多深刻的见解。

他指出,会计学原理是指导会计学实践的准则和规则,其作用是维护会计学的准确性、可靠性和公正性。

在他的著作中,约翰怀尔德强调了会计学原理在企业经营管理中的重要性。

他认为,只有建立在正确的会计学原理基础之上的会计信息才能为企业决策提供准确的参考。

他还指出,遵循正确的会计学原理可以帮助企业提高内部管理效率,加强企业的风险控制能力,提高企业的经营绩效。

约翰怀尔德的著作对会计学原理的研究和理解做出了重要贡献。

他的思想为会计学界和企业管理者提供了宝贵的启示,对促进会计学的发展和提升会计学的实践水平具有重要意义。

希望更多的人可以关注会计学原理的研究,深入理解和应用约翰怀尔德等会计学家的研究成果,为企业的可持续发展和社会的进步做出更大的贡献。

第二篇示例:约翰·怀尔德是一位著名的会计学家,他对会计学原理的研究和贡献被誉为经济学领域的里程碑之一。

怀尔德的研究不仅深刻地影响了当代会计学的发展,也为未来的学者们提供了重要的启示。

本文将对怀尔德的会计学原理进行介绍和分析。

怀尔德认为,会计学原理是会计学的基础,是会计学家应该遵循的核心准则。

在怀尔德看来,会计学原理主要包括:货币计量、持续经营、历史成本、收入确认、费用匹配等几个方面。

这些原则不仅是会计师在日常工作中的行为准则,也是保障会计信息质量和经济运作有序的重要基础。

货币计量原则是指所有的财务信息应该用货币单位进行衡量和记录。

怀尔德认为,货币单位是衡量财务状况和经营业绩的唯一标准,只有将所有的资产、负债、收入和支出都转化为货币单位,才能使这些信息具有可比性和可信度。

怀尔德《会计学原理》19版答案 (6)

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。

2019年会计学原理课后答案-推荐word版 (15页)

2019年会计学原理课后答案-推荐word版 (15页)

本文部分内容来自网络整理,本司不为其真实性负责,如有异议或侵权请及时联系,本司将立即删除!== 本文为word格式,下载后可方便编辑和修改! ==会计学原理课后答案篇一:会计学原理课后习题答案《会计学原理》课后题答案第一章总论第二章习题一:根据题设表格所示,库存现金、银行存款、应收账款、原材料属于流动资产,短期借款、应付账款、应交税费属于流动负债,因此:流动资产总额为:201X+27000+35000+5201X=116000;流动负债总额为:10000+3201X+9000=51000.1第二章会计科目和会计账户P61习题一:①=2201X0,计算过程如下:280000+3201X0=30000+(①-50000)+400000→①=280000+3201X0-30000-400000+50000=2201X0;②=80000;③=180000;④=570000.习题二:1、库存现金增加,银行存款减少;应在“库存现金”、“银行存款”账户中记录;“库存现金”、“银行存款”账户属于资产类;2、应付账款减少,银行存款减少;应在“银行存款”、“应付账款”账户中记录;“银行存款”账户属于资产类,“应付账款”账户属于负债类;3、营业外收入增加,固定资产增加;应在“营业外收入”、“ 固定资产”账户中记录;“营业外收入”账户属于损益类,“ 固定资产”账户属于资产类;4、短期借款增加,银行存款增加;应在“短期借款”、“ 银行存款”账户中记录;“短期借款”账户属于负债类,“ 银行存款”账户属于资产类;5、原材料增加,应付账款增加;应在“原材料”、“ 应付账款”账户中记录;原材料账户属于资产类,“ 应付账款”账户属于负债类;6、实收资本增加,银行存款增加;应在“实收资本”、“ 银行存款”账户中记录;“实收资本”账户属于所有者权益类,“ 银行存款”账户属于资产类;7、应付职工薪酬减少,库存现金减少;应在“应付职工薪酬”、“ 库存现金”账户中记录;“应付职工薪酬”账户属于负债类,“ 库存现金”账户属于资产类;8、预收账款增加,银行存款增加;应在“预收账款”、“ 银行存款”账户中记录;“预收账款”账户属于负债类,“ 银行存款”账户属于资产类。

会计学原理第一章习题答案

会计学原理第一章习题答案

第一章总论(答案)复习思考题1、㈠会计的特点:①以货币为主要的计量单位;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;④对经济活动的管理具有全面性、连续性和系统性。

㈡理解:会计是用专门方法确认、计量、记录、报告有关一个单位经济活动的信息系统,是一种经济管理活动。

会计是一种管理的工具;是一种提供信息的技艺;是一个经济信息系统;是一种管理活动。

2、3、基本职能:①核算,首要职能,会计管理工作的基础②控制,基本职能③预测④参与经济决策4、㈠主要内容:①会计基本理论:会计的定义、会计的产生与发展、会计的职能与目标、会计核算的基本假设、会计信息的质量要求、会计的基本要素等;②会计基本方法:会计确认、会计计量、会计记录、会计报告等会计核算程序以及设置账户、复式记账、填制和审核凭证、登记账簿、成本计算、财产清查、编制财务报表等会计核算方法等;③会计基本知识:会计工作的组织、会计人员的职责与权利、会计的规范等。

㈡分支:①按会计主体的性质分:企业会计(营利组织会计)、非营利组织会计(预算会计)②按会计管理的内容分:财务会计、管理会计、成本会计、税务会计③按会计研究的内容层次分:会计学原理、中级财务会计、高级财务会计5、6、会计基本假设是制定会计准则与规范会计实务的基本前提。

①会计主体假设②持续经营假设③会计分期假设④货币计量假设7、会计基础是会计核算的基准。

①收付实现制(现收现付制)②责权发生制(应收应付制)8、提出会计信息质量要求是为了保证会计信息的外部使用者依据会计信息能够作出正确的决策。

包括:可靠性;相关性;可理解性;可比性;实质重于形式;重要性;谨慎性;及时性9、计量属性:历史成本、重置成本、可变现净值、现值、公允价值原则:同质性、可证实性、一致性10、会计核算的基本程序与各种会计核算方法之间的关系:。

(整理)会计学原理课后习题与答案

(整理)会计学原理课后习题与答案

会计学原理课后习题与答案第一章总论思考题及练习题一、思考题1、什么是会计?会计有什么特点?答:会计是以货币作为主要计量单位,运用一系列专门方法,对企事业单位经济活动进行连续、系统、全面和综合的核算和监督并在此基础上对经济活动进行分析、预测和控制以提高经济效益的一种管理活动。

2、什么是会计的职能?会计的基本职能是什么?答:会计的基本职能是进行会计核算,实施会计监督。

会计的核算职:能就是为经济管理搜集、处理、存储和输送各种会计信息。

会计监督:是指通过调节、指导、控制等方式,对客观经济活动的合理、合法有效笥进行考核与评价,并采取措施施加一定的影响,以实现预期的目标。

3、会计的要素是什么?会计的要素主要有哪些?答:会计要素是指对会计对象按经济性质所作的基本分类,是构成会计对象具体内容的主要因素。

会计要素分为:资产、负债、所有者权益、收入、成本、费用和利润六个方面。

4、简述我国会计规范体系的主要内容。

5、什么是会计基本假设?其主要内容是什么?答:会计基本假设是企业会计确认、计量和报告的前提,是对会计核算所处时间、空间环境等所作的合理设定。

会计基本假设包括会计主体、持续经营、会计分期和货币计量。

6、什么是会计信息质量要求?会计信息质量要求主要有哪些?答:会计信息质量要求是对企业财务报告中所提供会计信息质量的基本要求,是使财务报告中所提供会计信息对投资者等使用者决策有用应具备的基本特征。

会计信息质量要求包括:可靠性、相关性、可理解性、可比性、实质重于形式、重要性、谨慎性和及时性等。

7、会计核算有哪些专门方法?答:会计核算的方法(专门方法)1、设置会计科目与账户:对会计对象内容进行归类和监督2、复式记账:两个或以上账户相互联系地记录经济业务3、填制和审核凭证:提供记账依据,明确经济责任4、登记账薄:系统的归集和汇总5、成本计算:计算耗费6、财产清查:保证信息真实、准确,账实相符7、编制会计报表:传递和报送会计信息关系:1.经济业务发生后,先要取得合法凭证;2.根据设置的账户,按复式记账方法登记账簿;3.根据账簿记录进行成本计算、财产清查,在账实相符基础上编制财务报告二、单项选择题1、会计基本假设包括会计主体、( B )、会计分期和货币计量四个方面的内容。

会计学原理课后练习参考答案

会计学原理课后练习参考答案

会计学原理课后练习参考答案第一章总论【基础能力训练】一、单项选择题1、C2、C3、C4、C5、A6、B7、B8、D9、B 10、C11、D 12、C 13、B 14、B 15、A二、多项选择题1、ABC2、ABCD3、ABCDE4、ABD5、ABCD6、ACD7、ABCDE三、判断题1、√2、√3、×4、√5、×6、√7、√8、×9、×10、√【实践能力训练】一、掌握收付实现制和权责发生制业务号权责发生制收付实现制收入费用收入费用(1)70 000 0 50 000 0(2)0 1 300 0 7 800(3)0 1 000 0 0(4)0 0 7 000 0(5)0 0 10 000 0(6)0 8 000 0 0合计70 000 10 300 67 000 7 800第二章会计要素与与会计科目、会计账户【基础能力训练】一、单项选择题1、D2、D3、AD4、A5、A6、C7、D8、C9、C 10、C11、B 12、A 13、D 14、B 15、B二、多项选择题1、ADE2、ABC3、ACD4、ACD5、ABCD6、ACD7、ABD8、ABCD9、ABCDE 10、BD三、判断题1、×2、√3、√4、×5、×6、×7、√8、√9、√10、×【实践能力训练】一、掌握资产、负债、所有者权益的内容及划分(1)区分其属性是资产、负债还是所有者权益;项目金额(元)资产负债所有者权益1.存在银行的存款2.仓储产成品3.用作仓库的房屋4.仓储半成品5.运输设备6.出纳处的现金7.货运汽车一辆8.办公楼9.应收回的销售货款10.应付采购材料的货款11.国有投资12.外单位投资13.一年已实现利润14.尚未缴纳的税金15.以前年度的未分配利润16.向银行借入的资金48 00064 00065 00025 00020 0001 500280 000320 00040 00032 000300 00040 000101 0004 000168 00020 00048 00064 00065 00025 00020 0001 500280 000320 00040 00032 0004 00020 000300 00040 000101 000168 000合计863500 56 000 609 000(2)汇总各类要素,检验其平衡关系。

会计学原理第1章 总论(含答案)

会计学原理第1章 总论(含答案)

长白山地方税务局《会计学原理》阶段考试题与答案第一章总论一、单项选择题1.报账是指在算账基础上,对企业单位的财务状况、经营成果和现金流量情况,以何种形式向有关方面报告(F)A原始凭证 B记账凭证 C账簿D预算报告 E决算报告 F会计报表2.下列各项经济业务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,保证会计信息真实可靠、内容完整的审查是指(A)A真实性审查 B合法性审查 C合理性审查D有效性审查 E效益性审查 F先进行审查3.管理会计主要为谁提供所需数据(E)A投资者 B债权人 C政府各府门D外部有关各方 E企业内部管理部门 F社会公众4.会计的职能是指下列哪一选项上,客观上具有的功能(C)A经济活动过程中 B会计核算过程中 C管理经济过程中D会计预算过程中 E会计决策过程中 F会计控制过程中5.会计监督主要是通过下列哪一指标来进行的(B)A数量指标 B价值量指标 C实物量指标D劳动量指标 E绝对值指标 F相对数指标6.业务收支以外币为主的企业(D)A只用人民币记账B只设外币“库存现金日记账”C有多种外币的,都折算成一种外币,设置“库存现金日记账”D可以选择某种外币作为记账本位币E只设人民币“银行存款日记账”F只设外币“银行存款日记账”7.短语一个完整的会计年度的报告期间是指会计的(B)A季度 B中期 C月度 D半年度 E生产周期 F产品周期8.会计工作为其服务的特定单位或组织是(B)A法律主体 B会计主体 C经济上的法人 D会计客体 E企业 F团体9.如果企业收付的现金中有外币,应(A)A在“库存现金”账户下设置外币现金专户进行核算B设置“外币现金”账户进行总分类核算C无需专门核算D设置“外币备用金”账户进行总分类户算E折算为人民币进行核算F折算为人民币通过“库存现金”账户进行核算10.采购员预借差旅费,所引起的变化是(C)A资产负债同增 B资产负值同减 C资产一增一减D资产增权益同减 E负值一增一减 F权益一增一减11.甲公司与乙公司联营期满,甲公司以固定资产退还乙公司部分投资,这笔经济业务导致甲公司(B)A资产项目与权益项目同时增加 B资产项目与权益项目同时减少C资产项目减少与权益项目增加 D资产项目增加与权益项目减少E资产项目制剂那此增彼减 F权益项目之间此增彼减12.企业2月份的所有者权益总额为20000元,负债总额30000元,则该企业的资产总额为(A)A50000元 B30000元 C40000元 D10000元 E-10000元 F20000元13.企业实施债转股,则本公司的(F)A负债减少,资产增加 B负债增加,资产增加C负债减少,资产增加 D资产减少,所有者权益增加E所有者权益内部一增一减 F负债减少,所有者权益增加14一项负债减少,不可能引起(D)A一项资产的减少 B一项负债的增加C一项负债的增加和一项资产的减少D一项负债的减少E一项资产的减少和另一项负债的增加F一项负债的增加和一项所有者权益的增加15下列选项中属于长期负债的是(F)A应付利润 B预收利润 C应付利润 D应付利息 E应付账款 F应付债券16.企业月初资产总额3000000元,本月发生下列经济业务(1)赊购材料100000元;(2)用银行存款偿还短期款200000元;(3)收到购货单位偿还欠款150000元存入银行,月末资产总额为(B)A 3100000元B 2900000元C 2950000元D 3050000元E 3150000元F 3350000元17.事中核算的主要形式是在计划执行过程中,为使经营活动过程按照计划或预期的目标进行,通过核算和监督相结合的方法,对经济活动进行的(D)A 核算B 监督C 考核D 控制 E激励 F反馈18.企业期末所有者权益总额等于(A)A. 期末资产—期末负债B.本期收入—本期费用C. 期末资产—本期费用D.期末负债+本期费用E. 资产+负债F. 资产—负债19.记账、算账、报账是会计的(D)。

怀尔德《会计学原理》19版答案 (2)

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 怀尔德

会计学原理 怀尔德

会计学原理怀尔德会计学原理是会计学的基础,是会计学习的第一步。

怀尔德(Wild)在其著作《会计学原理》中系统地阐述了会计学的基本原理和概念,为会计学的学习和实践提供了重要的理论基础。

本文将从怀尔德的角度出发,对会计学原理进行深入探讨,旨在帮助读者更好地理解和应用会计学原理。

首先,会计学原理的核心在于“双重入账法”。

双重入账法是会计学最基本的原理之一,它要求每一笔交易都要同时在资产方和负债方进行记录,以保证会计核算的准确性和完整性。

这一原理的提出,使得会计学的核心概念得以确立,为后续的会计实践提供了重要的指导。

其次,怀尔德在其著作中强调了会计信息的可靠性和真实性。

会计信息作为企业经营决策的重要依据,必须具有高度的可靠性和真实性。

怀尔德提出了一系列的会计原则和约束,如货币计量原则、历史成本原则、收入确认原则等,以确保会计信息的可靠性和真实性。

这些原则和约束不仅是会计学的基本准则,也是会计从业人员必须遵守的规范。

另外,怀尔德还对会计学的伦理要求进行了深入的探讨。

他指出,会计从业人员应当秉持诚实、公正、勤勉的职业道德,不得隐瞒真相,不得篡改账簿,不得为企业谋取私利。

这些伦理要求不仅是会计从业人员的职业操守,也是企业经营的基本原则,是维护市场秩序和保障投资者利益的重要保障。

最后,怀尔德在其著作中还强调了会计学的系统性和科学性。

会计学作为一门独立的学科,应当具有系统的理论框架和科学的研究方法。

怀尔德提出了会计学的基本概念和分类体系,为会计学的发展奠定了坚实的理论基础。

同时,他还倡导了会计学的实证研究和理论创新,为会计学的发展注入了新的活力。

总之,怀尔德的《会计学原理》是会计学的经典著作,对会计学的发展产生了深远的影响。

其强调的双重入账法、会计信息的可靠性和真实性、会计伦理要求以及会计学的系统性和科学性,为会计学的学习和实践提供了重要的指导。

我们应当深入学习和理解怀尔德的思想,不断提高自身的会计素养,为企业的健康发展和社会的经济进步贡献自己的力量。

19版《会计学原理》会计英语双语词汇 怀尔德

19版《会计学原理》会计英语双语词汇 怀尔德

Accounting terms会计术语Accounting; account; accountant; CPA, CMA, CIA, CB, CFE; financial accounting; managerial accounting; auditor; internal control; financial management; bookkeeping recordkeeping;会计;账户;会计师;注册会计师,注册管理会计师,注册内部审计师,注册簿记员,注册舞弊检查员;财务会计,管理会计,审计员,内部控制;财务管理;记账;记录;R&D, Research & Development; HR Human Resource; distribution; logistics; marketing; Not-for-profit organization; shareholder; stakeholder; lender; creditor; debtors; supplier; customer; regulator; legislator; board of director; broker; mortgage; wholesaler, retailer; merchandiser; manufacturer; services; consignor; consignee; Entrepreneur, entrepreneurship; sole proprietorship; partnership; corporation; common stock or ordinary share; preferred stock or preference share; corporate governance system; limited company; SOE:state-owned enterprise; SME:small and medium sized enterprise;研发、研发、人力资源;分配;物流;销售;非营利组织;股东;利益相关者;出借人;债权人,债务人;供应商;客户;监管;立法;董事会;代理;抵押贷款;批发商、零售商,推销商,制造商,服务,发货人,收货人,企业家,企业家能力;个人独资,合伙企业;企业;普通股或普通股,优先股或优先股;公司治理系统;有限公司;国有企业,中小企业,Financial statement; financial report; footnotes to financial statement; interim financial statement; annual, semiannually, quarterly, monthly financial statement; balance sheet; income statement; cash flow statement; statement of owner’s equity; cla ssified financial statement; pro forma financial statements; unadjusted trial balance; adjusted trial balance; post-closing trial balance; book; journal; ledger; general journal; specific journal; general ledger; subsidiary ledger; chart of accounts; double-entry accounting; working papers; work sheet;财务报表、财务报告、财务报表附注;中期财务报表,年度,每半年、季度、月度财务报表,资产负债表,损益表,现金流量表,所有者权益表;财务报表分类;形式上的财务报表;调整前试算表,调整后试算表,结帐后试算表;账簿;日记账;分类账;一般日记账;特定日记账,总账、明细分类帐;会计科目表;复式会计;工作底稿;工作表;Accounting ethics; accounting fraud, scandal; bogus accounting report; accounting oversight; stringent internal control; accounting principle, assumption, and standard; social responsibility; FASB, GAAP, SEC, IASB, IFRS; general principle, specific principles; cash basis accounting; accrual basis accounting; cost principle; revenue reorganization principle; matching principle; materiality constraint (cost-to-benefit constraint); full disclosure principle; going-concern assumption; monetary unit assumption; time period assumption (periodicity assumption) ; business entity assumption; consistency concept; conservatism constraint; lower of cost or market; LIFO conformity rule;会计道德;会计欺诈,丑闻,虚假的会计报告;会计监督;严格的内部控制,会计原则,假设,和标准;社会责任;财务会计准则委员会,公认会计准则,证券交易委员会,国际会计准则委员会,国际财务报告准则;一般原则,具体原则;收付实现制;权责发生制会计;成本原则;收入确认原则,配比原则;物质性约束(效益成本约束);全面披露原则,持续经营假设;货币计量假设;会计分期假设(周期性假设);会计主体假设;一致性概念;保守主义约束;降低成本或市场;后进先出一致性规则;Accounting cycle; operating cycle; accounting documents; source documents; sales tickets; checks; purchase orders; bills; invoice; cash register; money and any medium of exchange; deposit; money orders; promissory note; written promise; Asset; tangible asset; intangible asset; liability; owner’s equity; revenue; expense; profit; current asset; non-current asset; fixed asset; plant and equipment; cash discount; cost of goods sold; credit memorandum; credit period; credit terms; debit memorandum; discount period; EOM (end of month); FOBshipping point; FOB destination; general and administrative expenses; gross margin; inventory; list price; multiple-step income statement; periodic inventory system; perpetual inventory system; purchase return and allowance; shrinkage; supplementary records; trade discount; damage and loss in transit; transportation-in,transportation-out; itemized cost; physical count; deterioration;会计循环;营业周期;会计凭证;原始凭证;销售票据,检查,采购订单,账单;发票;收银台;金钱和任何交换的媒介,存款,汇票,本票,书面承诺;资产,有形资产,无形资产,负债,所有者权益,收入,费用,利润,流动资产、非流动资产、固定资产、厂房和设备,现金折扣,销货成本;信用证;信贷时期,信贷条件;借项通知单;折扣期间,月末;寄发地交货,目的地交货;一般及行政费用,毛利;存货;定价;多级损益表;定期盘存制;永续盘存制;回购和津贴;损失;补充记录;商业折扣,伤亡和损失在运输过程中,运入运费,运出运费;会计成本;实物盘点;衰退;T-account; contra account; permanent accounts; temporary accounts; transaction and event; what-if or proposed transaction; liquidation; net income or loss; Income Summary; sale on credit, sale on account; receivables; payables; capital; supplies; notes payable; accumulated depreciation; straight-line depreciation; reduced balance depreciation; withdrawal; deferral; accruals; deferred expenses or revenues; accrued expenses or revenues; working capital; beginning balance; ending balance, end-of-period balance; normal balance; opposite normal balance; short-term, long-term; point of time, period of time; prior period; fiscal year, 12 consecutive months or 52 weeks; calendar year; natural business year; closing entries; prepaid account; premium; journal entry; year-end adjusting entry; posting reference column; unearned revenue;丁字式帐户;抵销帐户;永久账户;临时账户,交易和事件,提出假设或事务;清算;净利润或损失;收益汇总;赊销,赊销;应收,应付款;资本;物料;应付票据,累计折旧;直线折旧,余额递减折旧;撤资;延迟;权责发生额;递延费用或收入;应计费用或收入,营运资本,期初余额,期末余额,期末余额;正常平衡;相反的正常平衡,短期、长期,时点,时期,前期;财政年度,连续12个月或52周,历年;自然年;结帐分录;预付帐户;溢价;日记账分录,年终调整分录;过账备查账,预收收入;business decision; lending decision; investment; return; financing; cost of capital; dividend; bonus; principal amount; interest rate; book value; historical value; residual value; salvage value; amount; Pro rata basis; gift card; gift certificate; coupon; premium; salary; wage; pension; welfare; interest; vacation, vocation; carton, cartoon; patent; trademarks; copyrights; franchise; goodwill; licensing agreement; inflation; deflation; goods in transit; goods on consignment; goods damaged or obsolete (deteriorate) ; goods work-in-progress; incidental cost; inventory costing method; physical flow of goods and cost flow of inventory; cost in or out of inventory; specific identification; First-in, First-out; Last-in, First-out; Weighted average;商业决策;贷款决策;投资;回报;融资;资本成本;股息,红利,本金;利率;账面价值;历史价值;残值;残值;数量;按比例;礼品卡;礼券,礼券,奖金;工资,工资,养老金;福利;利息;假期,假期,纸箱,卡通,专利,商标,版权,特许经营;商誉;许可协议;通货膨胀,通货紧缩,货物在运输途中,货物托运;货物损坏或过时(恶化),货物在制品;杂项费用,存货成本核算方法;商品实质流程和存货成本流;成本或库存,具体识别;先进,先进先出,后进先出,加权平均,,identify; record; classify; communicate; analyze; interpret; prepare financial statement (trial balance); present; manipulate; disclose; withdraw; own; owe; yield; prescribe; summarize; journalize; post; credit; debit; understate; overstate; adjust; defer; subtract; add; multiply; divide; transfer; update; come due; smooth out changes in cost; match cost with revenue;识别、记录、分类;沟通;分析;解释;准备财务报表(试);现在,操纵;披露;撤资;自己所有的;欠;产量;规定;总结;记日记账;宣布;贷方;借方;低估;高估;调整;推迟;减少;增加;乘;分化;转移;更新;到期;平滑变化成本;成本与收入匹配;Financial management terms财务管理方面Part A-Chapter 1部分一章1Financial accounting, Managerial accounting, and Financial management财务会计、管理会计和财务管理Investment decision, Financing decision, and Dividend decision投资决策、融资决策和股利决策Enterprise, company, firm, business, proprietorship, partnership, corporation企业、公司、公司、企业,独资企业,合伙企业,公司Listed company or quoted company上市公司或上市公司Stock exchange listing regulation证券交易所上市的监管Voluntary and Not-for-profit organization, economy, effectiveness and efficiency自愿和非营利性组织、经济、有效性和效率Corporate strategy and financial strategy公司战略和财务战略Accounting principle, rules, standards, and assumptions会计原则、规则、标准和假设Going-concern basis, accounting period, accounting entity, and stable monetary unit assumption 持续经营基础上,会计期间、会计主体和稳定货币单位的假设Monetary and non-monetary measures货币和非货币性的措施Financial statement and Financial report财务报表和财务报告Balance sheet or statement of financial position资产负债表或财务状况的声明Income statement, Cash flow statement, and Statement of owner’s equity损益表、现金流量表和所有者权益的声明Financial objectives or targets财务目标或目标Identification and formulation of objectives识别和制定目标The welfare of employee, of management, of society员工的福利,社会的管理The fulfillment of responsibility towards customers and suppliers实现对客户和供应商的责任Shareholders’ wealth maximization股东财富最大化Profitability, growth, customer satisfaction盈利能力、增长、客户满意度Financial achievement财务成果Actual performance and forecast performance实际性能和预测性能Disproportionate to true worth不成比例的真实价值Drawback, advantage, disadvantage, shortcoming缺点,优点,缺点,缺点Agency relationship, goal congruence代理关系,目标一致Corporate governance, internal control, and risk management公司治理、内部控制和风险管理Reward scheme, performance-related pay, extrinsic and intrinsic rewards奖励计划,绩效工资,外在和内在的回报Accountability, good supervision,问责,监督好,Remuneration committee, nomination committee, independent non-executive director薪酬委员会、提名委员会、独立非执行董事Accountant and Auditor会计和审计Shareholder or stockholder, and Stakeholder, creditor and debt holder股东或股东和利益相关者,债权人和债务持有人Employees, directors; managers, pensioners, shareholders, debt holders, investors, customers, bankers, suppliers, competitors, government, pressure groups, local and national communities, professional and regulatory bodies雇员、董事、管理人员、退休人员、股东、债权人、投资者、客户、银行家、供应商、竞争对手、政府、压力团体,地方和全国社区、专业和监管机构Securities, bond, stock, loan, bank overdraft, saving, debenture, treasury, accounts receivable,证券,债券,股票,贷款,银行透支,储蓄、债券、财政部、应收帐款、Working capital, shareholders’ fund or equity营运资本,股东的基金或股票Input, output, yield, product, production, productivity,输入、输出、产量、产品、生产、生产力、As set, liabilities, owners’ equity, revenue, expense profit资产、负债、所有者权益、收入、费用利润Current asset, accounts receivable, inventory流动资产、应收帐款、库存Non-current asset, plant and equipment, fixed asset非流动资产,厂房和设备,固定资产Volume of investment, risk and return of investment的投资,投资的风险和回报Short-term, medium-term, long-term funds, shortfall in fund短期、中期、长期的基金,基金缺口Net present value, book value, market value, added value, nominal value and real value 净现值、账面价值、市场价值,附加价值,名义价值和实际价值Benefit, gain, interest, dividend, earnings, retained earnings, profit retention利益,收益,利息、股息、获利、留存收益、利润保留Ordinary share, preference share普通股、优先股Business risk and financial risk商业风险和金融风险Accounting profit and economic profit会计利润和经济利润Manipulation of profit操纵利润Capitalization资本化Ratio, index, indicator, variables比率指标,指标变量Bad debt, depreciation坏账、折旧Cost of goods sold销货成本Provision for depreciation or anticipated losses折旧准备或预期的损失Overhead cost, development cost, and various expenses间接成本、开发成本和各种费用Administration or selling and distribution expenses管理或销售和分销费用Cum dividend or Ex dividend带息或除息Financial analysis, ratio analysis财务分析中,比率分析Return on equity, return on investment, asset turnover, gearing level,股本回报率,投资回报率,资产周转率,杠杆水平,Profit before and after tax之前和税后利润Profit before interest and tax (PBIT)息税前利润(PBIT)Gross profit margin and net profit margin毛利率和净利润率Return on capital employed (ROCE) or return on investment (ROI)已投资资本回报(ROCE)或投资回报(ROI)EPS, earnings per share每股收益,每股收益Earnings attributable to ordinary shareholders业绩归因于普通股东Profit distributable to ordinary shareholders普通股东可分配利润Weighted average number of ordinary shares加权平均普通股的数量P/E ratio市盈率Dividend per share每股派息Dividend yield股息收益率Part B-Chapter 2, Chapter 3一部分B-Chapter 2,第3章Microeconomics, macroeconomics; policy instrument; economic growth, low inflation, full employment, balance of payment stability; monetary policy, fiscal policy, exchange policy, external trade policy; retail price index (RPI), gross domestic production (GDP); speculation; national income; living standard; subsidies; economies of scale; imperfect competition; acquisition and merger; monopoly; legislation, regulation, deregulation; privatization;微观经济学,宏观经济学,政策工具;经济增长、低通胀、充分就业,收支稳定;货币政策,财政政策,汇率政策、对外贸易政策;零售价格指数(RPI),国内生产总值(GDP);投机;国民收入,生活水平;补贴;规模经济、不完全竞争、兼并;垄断;立法、监管、放松管制、私有化;aggregate demand; surplus and deficit; demand and supply; expenditure; saving, borrowing, lending, spending, deposit, loan; raise money; interest rate, exchange rate, rate of return; fixed, floating and managed (dirty) exchange rate; hard currency; intermediate or forward; outsource; market segmentation;总需求;盈余和赤字;供需;开支;储蓄,借贷,借贷,消费,存款、贷款;筹集资金,利率,汇率,回报率;固定,浮动汇率和管理(脏);硬通货;中间或向前;外包;市场细分;financial intermediaries or institution; money market, capital market; main market, interbank market; primary market, secondary market; insurance company and pension fund, trust company, venture capital organization; risk pooling; diversified portfolios; mutual fund;金融中介机构或机构,货币市场、资本市场,主要市场,银行间市场,一级市场、二级市场、保险公司和养老基金,信托公司,风险资本组织;风险池;多元化投资组合,共同基金;Part C-Chapter 4, Chapter 5C-Chapter 4部分,第五章Working capital; cash, raw materials, work in progress, finished goods, accounts receivable, accounts payable, marketable securities;营运资本;现金,原材料、工作进展,成品,应收账款,应付账款,有价证券;Cash operating cycle, working capital cycle, trading cycle, cash conversion cycle;现金营业周期、流动资金循环,交易周期,现金转换周期;Liquidity ratio; current ratio, quick ratio (acid test ratio, instant ratio), accounts receivable payment period, inventory (accounts payable) turnover, inventory turnover period; over-capitalization, over-trading;流动比率,流动比率,速动比率(酸性测试比率,即时比率),应收账款的付款期,库存(应付帐款)营业额,存货周转期;over-capitalization,交易;Economic order quantity, bulk discount, buffer inventory, lead time, re-order level, safety inventory level,stock-out, just-in-time procurement,经济订货批量、批量折扣、缓冲库存,交货时间,再订购水平,安全库存水平、库存中断,及时采购、Creditworthiness assessment, factoring, invoice discounting, credit insurance,信誉评估、保理、发票贴现、信贷保险,。

《会计学原理》课后习题答案

《会计学原理》课后习题答案

《会计学原理》课后习题答案第一章第二章2-2:练习运用会计科目及其归属的会计要素一、目的:练习运用会计科目及其归属的会计要素。

二、资料:某工业企业有下列资产和权益内容:(1)存放在出纳处的现金;(2)存放在银行的款项;(3)收到购货单位开来并承兑的商业汇票;(4)借入偿还期在1年内的借款;(5)借入偿还期在1年以上的借款;(6)生产部门使用的各种机器设备;(7)厂部使用的办公大楼;(8)库存的原料及其他材料;(9)库存的完工产品;(10)生产部门正在加工中的在产品;(11)所有者投入的资本;(12)出租出借包装物所收取的押金;(13)采购员预借的差旅费;(14)应收购买单位的货款;(15)应付给供应单位的货款;(16)尚未缴纳的税金;(17)本年实现的利润;(18)以前年度积累的未分配利润;(19)企业外购准备长期持有的股票;(20)企业提存的盈余公积;(21)预付的下个季度的财产保险费;(22)接受外单位捐赠的非现金资产。

1、费用是经济利益的总流出2、费用是获取收入的垫支3、费用是日常活动中发生的4、费用将引起所有者权益变化生产成本是由对象化的生产费用形成(人力(体力脑力劳动),物力(原材料等)消耗),它并不会导致所有者权益减少,也不是经济利益的流出,而是资产形态的的转化,是继续由企业拥有和控制的一种资源。

因此生产成本属于资产要素而不是费用要素。

当产品完工一旦对外销售(判断标准),这时生产成本转化为营业成本,从而得到价值补偿,这时候才会导致所有者权益减少,属于费用要素。

本年利润:按照会计要素划分为利润要素,按会计科目划分属于所有者权益类科目营业外收入:非流动资产处置利得、非货币性资产交换利得、出售无形资产收益、债务重组利得、企业合并损益、盘盈利得、因债权人原因确实无法支付的应付款项、政府补资产=权益会计基本等式:资产=负债+所有者权益会计扩展等式:资产=负债+所有者权益+(收入-费用)=负债+所有者权益+利润▪一、目的:练习经济业务的分类和经济业务发生后对账户余额的影响以及试算平衡。

2019超星尔雅《会计学原理》课后作业答案

2019超星尔雅《会计学原理》课后作业答案

一、多选题(共3题,15分)1、属于损益类账户的有( )。

A、主营业务收入B、制造费用C、所得税费用D、管理费用E、本年利润正确答案: ACD完整题库答案看我百度文库名字查找我,我发给你,所有科目均有。

2、账户的结构,一般包括( )。

A、账户借方核算的内容B、账户贷方核算的内容C、账户期末余额的方向D、账户余额所表示的内容E、账户的作用正确答案: ABCD3、属于债权结算类账户的有( )。

A、应收账款B、销售费用C、预收账款D、盈余公积E、预付账款正确答案: AE一、多选题(共1题,25分)1、XBRL可以在()等经济活动中发挥重要应用。

A、企业管理领域B、审计领域C、企业信用等级评估领域D、贸易与纳税领域正确答案: ABCD二、多选题(共1题,25分)1、XBRL基本框架主要主要包括()。

A、技术规范(Specifications)B、分类标准(Taxonomy)C、实例文档(Instance Documents)D、会计准则(Accounting Standard)E、会计制度正确答案: ABC三、单选题(共1题,25分)1、最有利于开展个性化财务分析的电子文件格式是()。

A、 WordB、 PDFC、 HTMLD、 XBRL正确答案: D一、多选题(共1题,40分)1、属于损益类账户的是()A、主营业务收入B、制造费用C、所得税费用D、管理费用E、本年利润正确答案: ACD二、单选题(共1题,20分)1、按照经济内容分类属于成本类账户的有()。

A、“管理费用”账户B、“应付账款”账户C、“短期借款”账户D、“制造费用”账户正确答案: D三、单选题(共1题,20分)1、“应付利息”账户按经济内容分类属于()。

A、资产类账户B、负债类账户C、费用类账户D、利润类账户正确答案: B、多选题(共1题,3分)1、权益包括()。

A、资产B、预收账款C、累计折旧D、资本公积E、应付账款正确答案: BDE二、其它(共1题,11分)1、6、某公司20×6年12月31日有关账户的余额如下:某公司20×6年12月31日有关账户余额账户名称借方余额账户名称贷方余额现金17 00坏账准备2 000银行存款72 000存货跌价准备38 000应收账款52 000累计折旧67 000其他应收款 4 000应付账款31 000预付账款38 000应付职工薪酬57 000生产成本87 000应付利息7 000原材料76 000应付股利8 000库存商品108 000预收账款24 000固定资产820 000长期借款12 000其中,其中有关账户的明细账户余额如下:“应收账款”明细账户余额:A公司:71 000元(借方)B公司:19 000元(贷方)“预收账款”明细账户余额:C公司:19 000元(借方)D公司:43 000元(贷方)“应付账款”明细账户余额:E公司:29 000元(借方)F公司:60 000元(贷方)“预付账款”明细账户余额:G公司:70 000元(借方)H公司:32 000元(贷方)长期借款中有7 000元须在6个月内偿还。

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)

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。

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Chaper 1 Accounting in BusinessMultiple Choice Quiz1-c; 2-b; 3-d; 4-a; 5-aQuick StudyQS 1-1a-E; b-E; c-I; d-E; e-E; f-I; g-E; h-E; i-E; j-E; k-I; l-EQS 1-2GAAP: Generally Accepted Accounting PrinciplesImportance: GAAP are the rules that specify acceptable accounting practices.SEC: Securities and Exchange CommissionImportance: The SEC is charged by Congress to set accounting and reporting rules for organizations that sell ownership shares to the public. The SEC delegates part of this responsibility to the FASB.FASB: Financial Accounting Standards BoardImportance: FASB is an independent group of full-time members who are responsible for setting accounting and reporting rules.IASB: International Accounting Standards BoardImportance: Its purpose is to issue standards that identify preferred practices in the desire of harmonizing accounting practices across different countries. The vast majority of countries and financial exchanges support its activities and objectives.QS 1-3Accounting professionals practice in at least four main areas. These four areas, along with a listing of some work opportunities in each, are:1. Financial accountingPreparation; Analysis; Auditing (external); Consulting; Investigation2. Managerial accountingCost accounting; Budgeting; Auditing (internal); Consulting3. Tax accountingPreparation; Planning; Regulatory; Consulting; Investigation4. Accounting-relatedLending; Consulting; Analyst; Investigator; AppraiserQS 1-4Internal controls serve several purposes:They involve monitoring an organization’s activities to promote efficiency and to prevent wrongful use of its resources.They help ensure the validity and credibility of accounting reports.They are crucial for effective operations and reliable reporting.More generally, the absence of internal controls can adversely affect the effectiveness of domestic and global financial markets.QS 1-5a. Revenue recognition principleb. Cost principle (also called historical cost)c. Business entity principleQS 1-6The choice of an accounting method when more than one alternative method is acceptable often has ethical implications. This is because accounting information can have major impacts on individuals’ (and firms’) well-being.To illustrate, many companies base compensation of managers on the amount of reported income. When the choice of an accounting method affects the amount of reported income, the amount of compensation is also affected. Similarly, if workers in a division receive bonuses based on the d ivision’s income, its computation has direct financial implications for these individuals.QS 1-7a=125,000b=250,000c=125,000QS 1-8QS 1-9(a) Examples of business transactions that are measurable include:Selling products and services.Collecting funds from dues, taxes, contributions, or investments.Borrowing money.Purchasing products and services.(b) E xamples of business events that are measurable include:Decreases in the value of securities (assets).Bankruptcy of a customer owing money.Technological advances rendering patents (or other assets) worthless.An “act of God” (casualty) that destroys assets.QS 1-10a-B; b-I; c-B; d-CF; e-I; f-B; g-B; h-CF; i-OEExcisesExcise 1-1External users and some questions they seek to answer with accounting information include:1. Shareholders (investors), who seek answers to questions such as:a. Are resources owned by a business adequate to carry out plans?b. Are the debts owed excessive in amount?c. What is the current level of income (and its components)?2. Creditors, who seek answers for questions such as:a. Does the business have the ability to repay its debts?b. Can the business take on additional debt?c. Are resources sufficient to cover current amounts owed?3. Employees, who seek answers to questions such as:a. Is the business financially stable?b. Can the business afford to pay higher salaries?c. What are growth prospects for the organization?Excise 1-21. C 5. B2. C 6. A3. A 7. B4. A 8. BExcise 1-3a. Auditing professionals with competing audit clients are likely to learn valuable information about each client that the other clients would benefit from knowing. In this situation the auditor must take care to maintain the confidential nature of information about each client.b. Accounting professionals who prepare tax returns can face situations where clients wish to claim deductions they cannot substantiate. Also, clients sometimes exert pressure to use methods not allowed or questionable under the law. Issues of confidentiality also arise when these professionals have access to clients’ personal records.c. Managers face several situations demanding ethical decision making in their dealings with employees. Examples include fairness in performance evaluations, salary adjustments, and promotion recommendations. They can also include avoiding any perceived or real harassment of employees by the manager or any other employees. It can also include issues of confidentiality regarding personal information known to managers.d. Situations involving ethical decision making in coursework include performing independentwork on examinations and individually completing assignments/projects. It can also extend to promptly returning reference materials so others can enjoy them, and to properly preparing for class to efficiently use the time and question period to not detract from others’ instructional benefits.Excise 1-41-E; 2-G; 3-A; 4-C; 5-D; 6-B; 7-F; 8-HExcise 1-5a-S; b-C; c-S; d-C; e-C; f-P; g-SExcise 1-6a=180,000b=51,000c=139,000Excise 1-71-D; 2-G; 3-B; 4-F; 5-AExcise 1-8a-27,000b-221,607c. beginning balance is 73,000; ending balance is 149,000Excise 1-9a. Business purchases equipment (or some other asset) on credit.b. Business signs a note payable to extend the due date on an account payable.c. Business pays an account payable (or some other liability) with cash (or some other asset).d. Business purchases office supplies (or some other asset) for cash (or some other asset).e. Business incurs an expense that is not yet paid (for example, when employees earn wages that are not yet paid).f. Owner invests cash (or some other asset) in the business; OR, the business earns revenue and accepts cash (or another asset).g. Cash withdrawals (or some other asset) paid to the owner of the business; OR, the business incurs an expense paid in cash.Exercise 1-10Real AnswersIncome StatementFor Month Ended October 31Exercise 1-11Real AnswersStatement of Owner ’s Equity Exercise 1-12Real Answers Balance Sheet October 31AssetsCash $ 11 500 Account receivable 12 000 Office supplies 24 437 Land 46 000 Office equipment 18 000 Total assets $ 111 937LiabilitiesAccount payables $ 25 037 Total liabilities 25 037Owner ’s EquityKeisha King, Capital 86 900 Total liabilities and equity $ 111 937Exercise 1-13Real Answers Cash Flow Statement For Month Ended October 31Excise 1-141-O; 2-O; 3-F; 4-O; 5-O; 6-O; 7-F; 8-IProblem 1-1AProblem 1-2Aa. Cash 67,000Equipment 11,000I. Lopez, Capital 78,000Owner’s investmentb. Building 144,000Cash 15,000Notes Payable 129,000 Purchased building on cash and note payable c. Equipment 12,000Cash 12,000Purchased equipment on cashd. Supplies 1,000Equipment 1,700Account Payable 2,700Purchased supplies and equipment on credite. Advertising Expense 460Cash 460Paid announcement of opening on newspaper f. Account Receivable 2,400Revenue 2,400To record revenue for service provided on account g. Cash 4,000Revenue 4,000Received revenue on cashh. I. Lopez, Withdrawals 3,025Cash 3,025Cash withdrawal by owneri. Cash 1,800Account Receivables 1,800Partially received account receivablej. Account Payables 500Cash 500Partially paid account payablesk. Wages Expense 1,800Cash 1,800Paid wages of secretary’s。

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