会计英语课后习题及参考答案.docx

Suggested SolutionChapter 11.Effect on the accounting equation⑴(2)(3)(4)(5)(6)(a) Increase in one asset, decrease in another asset.V(b) Increase in an asset, increase in a liability.(c) Increase in an asset, increase in capital.V(d) Decrease in an asset, decrease in a liability.V(e) Decrease in an asset, decrease in capital.VV2.TransactionsAssets+/-Liabilities+/-Owner s equity +/-1++2++3--4++5++6--7--8+/-9--10--3.=Describe each transaction based on the summary above.Transactions1Purchased land for cash, $6,000.2Investment for cash, $3,200.3Paid expense $1,200.4Purchased supplies on account, $800.5Paid owner s personal use, $750.6Paid creditor, $1,5007Supplies used during the period, $630.4.AssetsLiabilitiesEquityBeginning275,00080,000195,000Add. investment48,000Add. Net income27,000Less withdrawals-35,000Ending320,00085,000235,0005.(a)March 31,20XXApril 30, 20XXAssetsCash4,5005,400Accounts receivable2,5604,100Supplies840450Total assets7,9009,950LiabilitiesAccounts payable430690EquityTina Pierce, Capital7,4709,260(b) net income = 9,260-7,470=1,790(c) net income = 1,790+2,500=4,290Chapter 21.a. To increase Notes Payable -CRb. To decrease Accounts Receivable-CRc. To increase Owner, Capital -CRd. To decrease Unearned Fees -DRe. To decrease Prepaid Insurance -CRf. To decrease Cash - CRg. To increase Utilities Expense -DRh. To increase Fees Earned -CRi. To increase Store Equipment -DRj. To increase Owner, Withdrawal -DR2.a.Cash1,800Accounts payable 1,800b.Revenue 4,500Accounts receivable 4,500c.Owner ’s withdrawals 1,500Salaries Expense 1,500d.Accounts Receivable 750Revenue 7503.Prepare adjusting journal entries at December 31, the end of the year.Advertising expense600Prepaid advertising600Insurance expense (2160/12*2)360Prepaid insurance360Unearned revenue2,100Service revenue2,100Consultant expense900Prepaid consultant900Unearned revenue3,000Service revenue3,0004.1. $388,4002. $22,5203. $366,6004. $21,8005.1. net loss for the year ended June 30, 2002: $60,0002. DR Jon Nissen, Capital60,000CR income summary60,0003. post-closing balance in Jon Nissen, Capital at June 30, 2002: $54,000Chapter 31.Dundee Realty bank reconciliationOctober 31, 2009Reconciled balance $6,220 Reconciled balance $6,2202. April 712Dr: Notes receivable — A company 5400Cr: Accounts receivable — A company 5400June 618Dr: CashInterest expenseCr: Notes receivableDr: Accounts receivableCr: CashDr: Cash5394.55.55400— A company 553355335560.7Cr: Accounts receivable — A company5533Interest revenue27.73. (a) As a whole: the ending inventory=685(b) applied separately to each product: the ending inventory=6254. The cost of goods available for sale=ending inventory + the cost of goods=80,000+200,000*500%=80,000+1,000,000=1,080,0005.(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)=188281. (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% = 45,600second-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% =49,5003. (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 = 337,5004. Situation 1:Jan 1 st, 2008 Investment in M260,000Cash260,000June 30Cash6000Dividend revenue6000Situation 2:January 1, 2008 Investment in S81,000Cash81,000June 15Cash10,800Investment in S10,800December 31Investment in S25,500Investment Revenue 25,5005. a. December 31, 2008Investment in K1,200,000CashJune 30, 2009Dividend Receivable42,500Dividend Revenue42,500December 31, 2009Cash42,500Dividend Receivable42,5001,200,000b. December 31, 2008Investment in K1,200,000Cash1,200,000December 31, 2009Cash42,500Investment in K42,500Investment in K146,000Investment revenue146,000c. In a, the investment amount is 1,200,000 net income reposed is 42,500In b, the investment amount is 1,303,500Net income reposed is 1。