会计学——企业决策的基础(英文版)课后习题答案 comprehensive problem2
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bank reconciliation a. Balance per bank statement. Dec.31,2009 Add:Deposit of Dec.31 not recorded by bank Deduct:Outstanding checks No.507 No.511 No.521 Balance per depositor's records,Dec.31,2009 Deduct:NSF check of Iggy Bates Service charge
e. Office supplies expense 300 Office supplies The office supplies used during December
300
f. Insurance expense 6,600 Prepaid insurance 6,600 The expiration of the company's insurance policies during December
g. Depreciation expense 5,000 Accumulated depreciation The depreciation of the company's building and fixtures during December
5,000
Stat For the Retained earnings,Dec.31,20 Add:Net income Subtotal Less:Dividends Retained earnings,Dec.31,20
Cash Marketable securities Accounts receivable Less:Allowance for doubtful Merchandise inventory Office supplies Prepaid insurance Building and fixtures Less:Accumulated depreciati Land Total assets Liabili Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on Total stockholders' equity Total liabilities and stock
h. Unearned customer deposits 3,200 Sales 3,200 To report the portion of unearned customer deposits that were earned during December
i. Income taxes expense 6,000 Income tax payable 6,000 To record the income taxes expense accured during Dec.
b. Marketable securities 8,500 Unrealized holding gain on investment 8,500 To adjust the balance sheet valuation of markeable securities from $19,000 to the Dec.31 market value of $27,500
c. Uncollectible allowance expense 3,500 Allowance for doubtful accounts 3,500 To record the portion of total accounts receivable estimated to be uncollectible
Baidu Nhomakorabea
k.
d. Cost of goods sold 1,350 Mechandise Inventory 1,350 To adjust the perpetual invenory records to reflect the guitars missing at the end of the year
Cash Marketable securities Accounts receivable Allowance for doubtful acco Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on Sales Cost of goods sold Bank service charges Uncollectible accounts expe Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense
Statement of Retained Earnings For the Year Ended December 31,2009 Retained earnings,Dec.31,2009 Add:Net income Less:Dividends Retained earnings,Dec.31,2009 Guitar Universe,INC. Balance Sheet December 31,2009 Assets Cash Marketable securities Accounts receivable 121,100 Less:Allowance for doubtful accounts 8,500 Merchandise inventory Office supplies Prepaid insurance Building and fixtures 1,791,000 Less:Accumulated depreciation 805,000 Land Total assets Liabilities & Stockholders' Equity Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on investments Total stockholders' equity Total liabilities and stockholders' equity
240,200 78,425 318,625 0 318,625
42,475 33,500 112,600 248,650 900
986,000 64,800 1,488,925
70,000 4,800 81,000 155,800 1,000,000 318,625 14,500 1,333,125 1,488,925
Guitar Universe,INC. Adjusted Trail Balance December 31,2009 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense 42,475 33,500 121,100 8,500 248,650 900 1,791,000 805,000 64,800 70,000 4,800 81,000 1,000,000 240,200 14,500 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 81,000 3,827,200 3,827,200
j. 46,975 16,500 63,475 4,000 9,000 8,000
21,000 42,475 45,000 2,525 42,475
2,500 25
Accounts receivable 2,500 Bank service charges 25 Cash 2,525 To record bank charges;to reclassify NSF check from customer Iggy Bates as account receivable
For the Renvenue: Sales Total revenue Expense: Cost of goods sold Bank service charges Uncollectible accounts exp Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income before income taxes Income taxes Net income
Guitar Universe,INC. Income Statement For the Year Ended December 31,2009 Renvenue: Sales Total revenue Expense: Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income before income taxes Income taxes Net income Guitar Universe,INC. 1,603,200 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 1,443,775 159,425 81,000 78,425
e. Office supplies expense 300 Office supplies The office supplies used during December
300
f. Insurance expense 6,600 Prepaid insurance 6,600 The expiration of the company's insurance policies during December
g. Depreciation expense 5,000 Accumulated depreciation The depreciation of the company's building and fixtures during December
5,000
Stat For the Retained earnings,Dec.31,20 Add:Net income Subtotal Less:Dividends Retained earnings,Dec.31,20
Cash Marketable securities Accounts receivable Less:Allowance for doubtful Merchandise inventory Office supplies Prepaid insurance Building and fixtures Less:Accumulated depreciati Land Total assets Liabili Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on Total stockholders' equity Total liabilities and stock
h. Unearned customer deposits 3,200 Sales 3,200 To report the portion of unearned customer deposits that were earned during December
i. Income taxes expense 6,000 Income tax payable 6,000 To record the income taxes expense accured during Dec.
b. Marketable securities 8,500 Unrealized holding gain on investment 8,500 To adjust the balance sheet valuation of markeable securities from $19,000 to the Dec.31 market value of $27,500
c. Uncollectible allowance expense 3,500 Allowance for doubtful accounts 3,500 To record the portion of total accounts receivable estimated to be uncollectible
Baidu Nhomakorabea
k.
d. Cost of goods sold 1,350 Mechandise Inventory 1,350 To adjust the perpetual invenory records to reflect the guitars missing at the end of the year
Cash Marketable securities Accounts receivable Allowance for doubtful acco Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on Sales Cost of goods sold Bank service charges Uncollectible accounts expe Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense
Statement of Retained Earnings For the Year Ended December 31,2009 Retained earnings,Dec.31,2009 Add:Net income Less:Dividends Retained earnings,Dec.31,2009 Guitar Universe,INC. Balance Sheet December 31,2009 Assets Cash Marketable securities Accounts receivable 121,100 Less:Allowance for doubtful accounts 8,500 Merchandise inventory Office supplies Prepaid insurance Building and fixtures 1,791,000 Less:Accumulated depreciation 805,000 Land Total assets Liabilities & Stockholders' Equity Liabilities Accounts payable Unearned cusomer deposits Income taxes payable Total liabilities Stockholders' equity Capital stock Retained earnings Unrealized holding gain on investments Total stockholders' equity Total liabilities and stockholders' equity
240,200 78,425 318,625 0 318,625
42,475 33,500 112,600 248,650 900
986,000 64,800 1,488,925
70,000 4,800 81,000 155,800 1,000,000 318,625 14,500 1,333,125 1,488,925
Guitar Universe,INC. Adjusted Trail Balance December 31,2009 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned cusomer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income tax expense 42,475 33,500 121,100 8,500 248,650 900 1,791,000 805,000 64,800 70,000 4,800 81,000 1,000,000 240,200 14,500 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 81,000 3,827,200 3,827,200
j. 46,975 16,500 63,475 4,000 9,000 8,000
21,000 42,475 45,000 2,525 42,475
2,500 25
Accounts receivable 2,500 Bank service charges 25 Cash 2,525 To record bank charges;to reclassify NSF check from customer Iggy Bates as account receivable
For the Renvenue: Sales Total revenue Expense: Cost of goods sold Bank service charges Uncollectible accounts exp Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income before income taxes Income taxes Net income
Guitar Universe,INC. Income Statement For the Year Ended December 31,2009 Renvenue: Sales Total revenue Expense: Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utiliies expense Depreciation expense Income before income taxes Income taxes Net income Guitar Universe,INC. 1,603,200 1,603,200 959,350 225 18,900 395,000 700 13,000 3,600 53,000 1,443,775 159,425 81,000 78,425