会计英语课后习题参考答案
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Suggested Solution
Chapter 1
4.
5.
(b) net income = 9,260-7,470=1,790
(c) net income = 1,790+2,500=4,290
Chapter 2
1.
a.To increase Notes Payable -CR
b.To decrease Accounts Receivable-CR
c.To increase Owner, Capital -CR
d.To decrease Unearned Fees -DR
e.To decrease Prepaid Insurance -CR
f.To decrease Cash - CR
g.To increase Utilities Expense -DR
h.To increase Fees Earned -CR
i.To increase Store Equipment -DR
j.To increase Owner, Withdrawal -DR
2.
Cash 1,800
Accounts payable 1,800 Revenue 4,500
Accounts receivable 4,500 Owner’s withdrawals 1,500
Salaries Expense 1,500 Accounts Receivable 750
Revenue 750 3.
Prepare adjusting journal entries at December 31, the end of the year.
Advertising expense 600
Prepaid advertising 600
Insurance expense (2160/12*2) 360
Prepaid insurance 360
Unearned revenue 2,100
Service revenue 2,100
Consultant expense 900
Prepaid consultant 900
Unearned revenue 3,000
Service revenue 3,000 4.
1. $388,400
2. $22,520
3. $366,600
4. $21,800
5.
1. net loss for the year ended June 30, 2002: $60,000
2. DR Jon Nissen, Capital 60,000
CR income summary 60,000
3. post-closing balance in Jon Nissen, Capital at June 30, 2002: $54,000
Chapter 3
1. Dundee Realtybankreconciliation
October 31, 2009
Reconciled balance $6,220 Reconciled balance $6,220
2.April 7 Dr: Notes receivable—A company 5400
Cr: Accounts receivable—A company 5400
12 Dr: Cash 5394.5
Interest expense 5.5
Cr: Notes receivable 5400
June 6 Dr: Accounts receivable—A company 5533
Cr: Cash 5533
18 Dr: Cash 5560.7
Cr: Accounts receivable—A company 5533
Interest revenue 27.7
3. (a)As a whole: the ending inventory=685
(b) applied separately to each product: the ending inventory=625
4. The cost of goods available for sale=ending inventory + the cost of goods=80,000+200,000*500%=80,000+1,000,000=1,080,000
5.(1) 24,000+60,000-90,000*0.8=12000
(2) (60,000+24,000)/(85,000+31,000)*(85,000+31,000-90,000)=18828
Chapter 4
1. (a) second-year depreciation = (114,000 – 5,700) / 5 = 21,660;
(b) second-year depreciation = 8,600 * (114,000 – 5,700) / 36,100 = 25,800;
(c) first-year depreciation = 114,000 * 40% = 45,600
second-year depreciation = (114,000 – 45,600) * 40% = 27,360;
(d) second-year depreciation = (114,000 – 5,700) * 4/15 = 28,880.
2. (a) weighted-average accumulated expenditures (2008) = 75,000 * 12/12 + 84,000 * 9/12 + 180,000 * 8/12 + 300,000 * 7/12 + 100,000 * 6/12 = 483,000
(b) interest capitalized during 2008 = 60,000 * 12% + ( 483,000 –60,000) * 10% =49,500
3. (1) depreciation expense = 30,000
(2) book value = 600,000 – 30,000 * 2=540,000
(3) depreciation expense = ( 600,000 – 30,000 * 8)/16 =22,500
(4) book value = 600,000 – 30,000 * 8 – 22,500 = 337,500
4. Situation 1:
Jan 1st, 2008 Investment in M 260,000
Cash 260,000
June 30 Cash 6000
Dividend revenue 6000
Situation 2:
January 1, 2008 Investment in S 81,000
Cash 81,000
June 15 Cash 10,800
Investment in S 10,800
December 31 Investment in S 25,500
Investment Revenue 25,500
5. a. December 31, 2008 Investment in K 1,200,000
Cash 1,200,000
June 30, 2009 Dividend Receivable 42,500
Dividend Revenue 42,500
December 31, 2009 Cash 42,500
Dividend Receivable 42,500
b. December 31, 2008 Investment in K 1,200,000
Cash 1,200,000
December 31, 2009 Cash 42,500
Investment in K 42,500
Investment in K 146,000
Investment revenue 146,000