基礎(chǔ)會計2021學習通超星期末考試答案章節(jié)答案2024年

基礎(chǔ)會計2021學習通超星期末考試章節(jié)答案2024年E5-17(P5)Recordingpurchases,sales,

shipping,andreturnsforbuyerandseller(periodic)OnMay11,SydneyRetailingacceptsdeliveryof$40,000ofmerchandiseitpurchasesforresalefromTroyWholesalers.WiththemerchandiseisaninvoicedatedMay11,withtermsof3/10,n/90,FOBshippingpoint.ThegoodscostTroy$30,000.Whenthegoodsaredelivered,Sydneypays$345toExpressShippingfordeliverychargesonthemerchandise.OnMay12,Sydneyreturns$1,400ofgoodstoTroy,whoreceivesthemthesamedayandrestoresthemtoinventory.ThereturnedgoodshadcostTroy$800.OnMay20,SydneypaysTroytheamountowed.Troyreceivesitimmediately.

(BothSydneyandTroyuseaperiodicinventorysystemandthegrossmethod.)

1.PreparejournalentriesthatSydneyRetailing(buyer)recordsforthesetransactions.

2.PreparejournalentriesthatTroyWholesalers(seller)recordsforthesetransactions1.

EntriesforSydney(BUYER):May11

Dr.___1a____

__1b__

Cr.___2a____

__2b__May11

Dr.___3a____

__3b__

Cr.___4a____

__4b__May12

Dr.___5a____

__5b__

Cr.___6a____

__6b__May20

Dr.___7a____

__7b__

Cr.___8a____

__8b__

___9a____

__9b__2.

EntriesforTroy(SELLER):May11

Dr.___10a___

__10b__

Cr.___11a___

__11b__May12

Dr.___12a___

__12b__

Cr.___13a___

__13b__May20

Dr.___14a___

__14b__

___15a___

__15b__

Cr.

__16a___

__16b__Required:Filltheblanks1to16withaccounttitlesforaandamountsforbandput"/"betweentitlesandamounts.Example:"AccountsPayable/5,000"

答案:Purchases/40,000；;AccountsPayable/40,000;Transportation-In/345;Cash/345;AccountsPayable/1,400;PurchasesReturnsandAllowances/1,400；;AccountsPayable/38,600;PurchasesDiscounts/1,158；Cash/37,442；;Cash/37,442；PurchasesDiscounts/1,158；;(10)AccountsReceivable/40,000;(11)Sales/40,000;(12)SalesReturnsandAllowances/1,400;(13)AccountsReceivable/1,400;(14)SalesDiscounts/1,158；Cash/37,442;(15)Cash/37,442；SalesDiscounts/1,158;(16)AccountsReceivable/38,600E5-16(P5)Recordingsales,purchases,anddiscountsforboththebuyerandtheseller(periodic)SantaFeCompanypurchasedmerchandise“asis”(withnoreturns)fromMesaCompanywithaninvoicepriceof$24,000andcredittermsof3/10,n/60.ThemerchandisehadcostMesa$16,000.Assumethatbothbuyerandselleruseaperiodicinventorysystemandthegrossmethod.1.Prepareentriesthatthebuyershouldrecordfor(a)thepurchase,(b)thecashpayment,withinthediscountperiod,and(c)cashpaymentafterthediscountperiod.2.Prepareentriesthatthesellershouldrecordfor(a)thesale,(b)thecashcollectionwithinthediscountperiod,and(c)thecashcollectionafterthediscountperiod..

1.

BUYER-SantaFea)Dr.___1___

24,000

Cr.___2___

24,000

Purchasedmerchandiseoncreditb)Dr.AccountsPayable

__3___

Cr.___4___

__5___

Cash

__6___

Paidwithin3%discountperiod.c)

Dr.___7___

24,000

Cr.Cash

24,000

Paidafter3%discountperiod2.

SELLER–Mesaa)Dr.___8___

24,000

Cr.___9___

24,000

Soldmerchandiseonaccountb)Dr.___10a__

__10b__

___11a__

__11b__

Cr.___12a__

__12b__

Cashreceivedwithindiscountperiodc)Dr.___13___

__14__

Cr.___15___

__xxx__

CashreceivedafterdiscountperiodRequired:Filltheblanks1to15with

titlesoramountsonlyorwith

accounttitlesforaandamountsforb,putting"/"betweentitlesandamounts.Example"AccountsPayable/5,000"

答案:Purchases；;AccountsPayable;24,000;PurchasesDiscounts；;720;23,280;AccountsPayable;AccountsReceivable;Sales;(10)Cash/23,280；SalesDiscounts/720;(11)SalesDiscounts/720；Cash/23,280;(12)AccountsReceivable/24,000;(13)Cash;(14)24,000;(15)AccountsReceivable/star3/origin/fd6fe6761271e7dcc6dd05a3dacf4afa.png

答案:SalesSalariesExpense/1,700;SalariesPayable/1,700;SellingExpenses/3,000;PrepaidSellingExpenses/3,000;CostofGoodsSold/1,300;MerchandiseInventory/1,300;Sales/529,000;IncomeSummary/529,000;IncomeSummary/444,500;(10)213,300;(11)49,700;(12)39,000;(13)105,000;(14)84,500;(15)K.Emiko,CapitalQS5-8(P2)

Recording

sales,

returns,

and

discount

taken.(revisedPreparejournalentriestorecordeachofthefollowingtransactionsofamerchandisingcompany.(assumeaperpetualinventorysystem.)

Apr.1Soldmerchandisefor$3,000,grantingthecustomertermsof2/10,EOM;invoicedatedApril1.Thecostofthemerchandiseis$1,800.

Apr.4ThecustomerintheApril1salereturnedmerchandiseandreceivedcreditfor$600.Themerchandise,whichhadcost$360,isreturnedtoinventory.

Apr.11ReceivedpaymentfortheamountduefromtheApril1salelessthereturnonApr.4andthediscounttaken.Apr.1

Dr.

___1a____

__1b__

Cr.

___2a____

__2b__Apr.1

Dr.

___3a____

__3b__

Cr.

___4a____

__4b__Apr.4

Dr.

___5a____

__5b__

Cr.

___6a____

__6b__Apr.4

Dr.

___7a____

__7b__

Cr.

___8a____

__8b__

Apr.11

Dr.

___9a____

__9b__

___10a___

__10b__

Cr.

___11a___

__11b__Required:Filltheblanks1to11withaccounttitlesforaandamountsforbandput"/"betweentitlesandamounts.Example:"AccountsPayable/5,000"

答案:Accounts

Receivable/3,000;Sales/3,000；Sales

Revenue/3,000;Cost

of

Goods

Sold/1,800;Merchandise

Inventory/1,800;Sales

Returns

and

Allowances/600;Accounts

Receivable/600;Merchandise

Inventory/360;Cost

of

Goods

Sold/360;Cash/2,352；SalesDiscounts/48;(10)SalesDiscounts/48；Cash/2,352;(11)Accounts

Receivable/2,400QS5-6(P1)

Recording

purchases

and

discounts

taken

(numberrevised)Prepare

journal

entries

for

Gilmore

Company

for

each

of

the

following

transactions:

Assume

Gilmore

uses

the

gross

method

and

a

perpetual

inventory

system.(a)

Aug.

1

Gilmore

Company

purchased

merchandise

from

Hendren

with

an

invoice

price

of

$60,000

and

credit

terms

of

2/10,

n/30.(b)

Aug.

11.

Gilmore

Company

paid

Hendren

the

amount

owed

from

the

Aug.

1

purchase.Aug.1

Dr.

___1a____

__1b__

Cr.

___2a____

__2b__Aug.11

Dr.

___3a____

__3b__

Cr.

___4a____

__4b__

___5a____

__5b__Required:

Fill

the

blanks

1

to5with

account

titles

for

a

and

amounts

for

b

and

put

"/"

between

titles

and

amounts.Example:

"Accounts

Payable/5,000"

答案:Merchandise

Inventory/60,000;Accounts

Payable/60,000;Accounts

Payable/60,000;Cash/58,800；Merchandise

Inventory/1,200;Merchandise

Inventory/1,200；Cash/58,800QS5-7(P1)

Recording

purchases

and

discountsmissed(perpetual)Prepare

journal

entries

for

Gilmore

Company

for

each

of

the

following

transactions:

Assume

Gilmore

uses

the

gross

method

and

a

perpetual

inventory

system.(a)

Sept.15

KrugCompanypurchasedmerchandisefromMakarovwithaninvoicepriceof$35,000

andcredittermsof2/5,n/15.(b)

Sept.29KrugCompanypaidMakarovtheamountowedfromtheSept.15purchase.Aug.1

Dr.

___1a____

__1b__

Cr.

___2a____

__2b__Aug.11

Dr.

___3a____

__3b__

Cr.

___4a____

__4b__

Required:

Fill

the

blanks

1

to4with

account

titles

for

a

and

amounts

for

b

and

put

"/"

between

titles

and

amounts.Example:

"Accounts

Payable/5,000"

答案:Merchandise

Inventory/35,000;Accounts

Payable/35,000;Accounts

Payable/35,000;Cash/35,000QS5-4(P1)Computing

net

invoice

amountsCompute

the

amount

to

be

paid

for

each

of

the

four

separate

invoices

assuming

that

all

invoices

are

paid

within

the

discount

period.Merchandise

(gross):

a.

$5,000

b.

$20,000

c.

$75,000

d.

$10,000Terms:

a.

2/10,

n/60

b.

1/15,

EOM

c.

1/10,

n/30

d.

3/15,

n/45Required:

Fill

the

blanks

1

to

4

with

your

computation

results

of

the

invoice

a

to

d.

答案:$4,900；4,900;$19,800；19,800;$74,250；74,250;$9,700；9,700/star3/origin/15d03c5bb846735f79440b7b18360cab.png

答案:Merchandise

Inventory/6,000;Accounts

Payable/6,000;Accounts

Payable/250;Merchandise

Inventory/250;Accounts

Payable/5,750;Cash/5,635；Merchandise

Inventory/115;Merchandise

Inventory/115；Cash/5,635/star3/origin/15e542066f0ad724a1f99cfc6f5b0b25.png

答案:A、A;B、B;C、C;D、D;E、E;F、F;G、G;H、H;I、I;J、J/star3/origin/4068608b964da20b88f35fde3397dd38.png

答案:$8,900；8,900;$7,200；7,200;$2,300；2,300;$850；850;$5,500；5,500/star3/origin/393043fe5f49e64ea752096d9a1f75c4.png

答案:(11,950;27,950;17,950;1,950;27,500;43,750;42,250;79,000;33,400;(10)(4,160);(11)18,600;(12)12,600QS5-2(C2)IdentifyinginventorycostsCostsof$5,000wereincurredtoacquiregoodsandmakethemreadyforsale.Thegoodswereshippedtothebuyer(FOBshippingpoint)foracostof$200.Additionalnecessarycostsof$400wereincurredtoacquirethegoods.Whatisthebuyer’stotalcostofmerchandiseinventory?

答案:$5,600/star3/origin/63c90a797066e7f3f432d653f21848e4.png

答案:B;F;A;D;E;C;E;A/star3/origin/d65f9df02e3d6b14f412f383e1fce37c.png

答案:$166,300；166,300;$51,800；51,800;3.2/star3/origin/1a0093532a08afba7bff83cff8bd99e1.png

答案:$26,400；26,400;$34,400；34,400/star3/origin/813c9606e5be2fd1c5a7f6dcd523c3eb.png

答案:e;h;a;g;b;c;f;d;i/star3/origin/27485ea5cbd377e51bd2e3b99177d83d.png

答案:b;c;d;aQS4-7(P3)Identifyiing

post-closing

accountsIdentify

which

of

the

following

accounts

would

be

included

in

a

post-closing

trial

balance.A.

Accounts

Receivable;

B.

Salaries

Expense;

C.

Goodwill;

D.

Land;

E.

Income

Tax

Expense;

F.

Salaries

payable

答案:A;C;D;F/star3/origin/d4b26ad8f3e0e2a680cf6f60909404d5.png

答案:92,000/star3/origin/8fdc48fefccdc7be719de299da46fb58.png

答案:c;e;d;b;a/star3/origin/6738aba56d83e657c33bcf38151a320d.png

答案:A、A;B、B;C、C;D、DGiven

the

table

below,

indicate

the

impact

of

the

following

errors

made

during

the

adjusting

entry

process.

Use

a

"+"

followed

by

the

amount

for

overstatements,

a

"-"

followed

by

the

amount

for

understatements,

and

a

"0"

for

no

effect.

The

first

one

is

done

as

an

example.

Ex.

Failed

to

recognize

that

$600

of

unearned

revenues,

previously

recorded

as

liabilities,

had

been

earned

by

year-end.

1.

Failed

to

accrue

interest

expense

of

$200.2.

Forgot

to

record

$7,700

of

depreciation

on

machinery.3.

Failed

to

accrue

$1,300

of

revenue

earned

but

not

collected.

ErrorRevenues

ExpensesAssetsLiabilitiesEquityEX-$60000+$600-$6001.____1_________2_________3__________4________5_____2.____6_________7_________8__________9________10_____3.____11__________12_________13_________14_______15______

答案:0;-$200;0;-$200;+$200;0;-$7,700;+$7,700;0;(10)+$7,700;(11)-$1,300;(12)0;(13)-$1,300;(14)0;(15)-$1,300/star3/origin/084cfebe2f48fc92d3f88477b491e621.png

答案:0;-;+;-;0;+;-;+;+;(10)-;(11)0;(12)-Adjusting

entries

affect

at

least

one

balance

sheet

account

and

at

least

one

income

statement

account.

For

the

following

entries,

identify

the

account

to

be

debited

and

the

account

to

be

credited

from

the

following

accounts:Cash;

Accounts

Receivable;

Prepaid

Insurance;

Equipment;

Accumulated

Depreciation;

Wages

Payable;

Unearned

Revenue;

Revenue;

Wages

Expense;

Insurance

Expense;

Depreciation

Expense.

Indicate

which

of

the

accounts

is

the

income

statement

(IS)

account

and

which

is

the

balance

sheet

(BS)

account.

a.

Entry

to

record

revenue

earned

that

was

previously

received

as

cash

in

advance.

b.

Entry

to

record

wage

expenses

incurred

but

not

yet

paid

(nor

recorded).

c.

Entry

to

record

revenue

earned

but

not

yet

billed

(nor

recorded).

d.

Entry

to

record

expiration

of

prepaid

insurance.

e.

Entry

to

record

annual

depreciation

expense.Accounts

Debited

and

CreditedFinancial

Statementa.Debit___(1)______(2)___Credit___(3)______(4)___b.Debit___(5)______(6)___Credit___(7)______(8)___c.Debit___(9)______(10)___Credit___(11)______(12)___d.Debit___(13)______(14)___Credit___(15)______(16)___e.Debit___(17)______(18)___Credit___(19)______(20)___

答案:Unearned

Revenue;BS;Revenue;IS;Wages

Expense;IS;Wages

Payable;BS;Accounts

Receivable;(10)BS;(11)Revenue;(12)IS;(13)Insurance

Expense;(14)IS;(15)Prepaid

Insurance;(16)BS;(17)Depreciation

Expense;(18)IS;(19)Accumulated

Depreciation;(20)BS/star3/origin/b123a3124e1266405bf50cb680feb182.PNG

答案:A

$400

debit

to

Insurance

Expense

and

an

$800

debit

to

Interest

ExpenseOn

December

31,

the

year

end,

a

company

forgot

to

record

$6,000

of

depreciation

on

machinery.

In

the

current

year

financial

statements,

what

is

the

effect

of

this

error

on

assets,

net

income,

and

equity?

答案:1.)

Assets

are

overstated

by

$6,000.2.)

Net

income

is

overstated

by

$6,000.3.)

Equity

is

overstated

by

$6,000.In

making

adjusting

entries

at

the

end

of

its

accounting

period,

Chao

Consulting

failed

to

record

$3,200

of

insurance

coverage

that

had

expired.

This

$3,200

cost

had

been

initially

debited

to

the

Prepaid

Insurance

account.

The

company

also

failed

to

record

accrued

salaries

expense

of

$2,000.

As

a

result

of

these

two

oversights,

the

financial

statements

for

the

reporting

period

will

答案:understate

expenses

by

$5,200QS

3-2

(C2)In

its

first

year

of

operations,

Roma

Co.

earned

$45,000

in

revenues

and

received

$37,000

cash

from

these

customers.

The

company

incurred

expenses

of

$25,500

but

had

not

paid

$5,250

of

them

at

year-end.

The

company

also

prepaid

$6,750

cash

for

costs

that

will

not

be

expensed

until

the

next

year.

1.

Calculate

the

first

year's

net

income

under

the

cash

basis

of

accounting.2.

Calculate

the

first

year's

net

income

under

the

accrual

basis

of

accounting.

答案:10,000；10000；$10,000；$10000;19,500；19500；$19,500；$19500QS

3-1

(C1)Choose

from

the

following

list

of

terms/phrases

to

best

complete

the

statements

below.

(Enter

the

corresponding

letters)

a.

Fiscal

year

d.

Accounting

period

g.

Natural

business

year

b.

Timeliness

e.

Annual

financial

statements

h.

Time

period

assumption

c.

Calendar

year

f.

Interim

financial

statements

i.

Quarterly

statements

1._______

presumes

that

an

organization’s

activities

can

be

divided

into

specific

time

periods.2.Financial

reports

covering

a

one-year

period

are

known

as

_______

.3.A

_______

consists

of

any

12

consecutive

months.4.A

_______

consists

of

12

consecutive

months

ending

on

December

31.5.The

value

of

information

is

often

linked

to

its

_______

.

答案:h;e;a;c;b/star3/origin/274465053012674dd88a3a53396f6a5c.png

答案:28,000；28000;42,000；42000;73,000；73000;45,000；45000Atyear-end,atrialbalanceshowedtotalcreditsexceedingtotaldebitsby$4,950.Thisdifferencecouldhavebeencausedby:

答案:Thebalanceof$5,500intheOfficeEquipmentaccountbeingenteredonthetrialbalanceasadebitof$550SearchingforerrorsofatrialbalanceA

trial

balance

has

total

debits

of

$20,000

and

total

credits

of

$24,500.

Which

one

of

the

following

errors

would

create

this

imbalance?

答案:A

$2,250

debit

to

Utilities

Expense

in

a

journal

entry

is

incorrectly

posted

to

the

ledger

as

a

$2,250

credit,

leaving

the

Utilities

Expense

account

with

a

$3,000

debit

balance/star3/origin/3339db3d62e3c94a76b57b35d71a6543.png

答案:Brina

Valdez,

Capital；B.

Valdez,

Capital;Services

Revenue；Service

Revenue;Unearned

Services

Revenue；Unearned

Service

Revenue;Accounts

Receivable；Account

Receivable;Notes

Payable；Note

Payable/star3/origin/7a9bd029f6e28c430710ab55e0246bc1.png

答案:e;a;c/star3/origin/fb5df678becb9cd1a4811574405b3bff.png

答案:e;f;a;d/star3/origin/3c7a54763bb739499e0515e91fb71340.png

答案:Cash；cash;6,500；6500;Photographyequipment；PhotographyEquipment;33,500；33500;40,000；40000;Prepaidinsurance；PrepaidInsurance;2,100；2100;Cash；cash;2,100；2100;(10)Officesupplies；OfficeSupplies;(11)880;(12)Cash；cash;(13)880;(14)Cash；cash;(15)3,331；3331;(16)Photographyfeesearned；PhotographyFeesEarned;(17)3,331；3331;(18)Utilitiesexpense；UtilitiesExpense；;(19)675;(20)Cash；cash;(21)675/star3/origin/0a92fb5e5678d772a31209ca8367d11c.png

答案:$300,500；300,500；$300500；300500;$89,390；89,390；$89390；89390;$19,250；19,250；$19250；19250/star3/origin/76dcc4248c4641b708c89b13243f8df4.png

答案:a;b;e/star3/origin/1f431e9b4bd362844ad08d8f8294ec35.png

答案:D;C;C;D;D;C;C;C;C;(10)D/star3/origin/769fee6fc864ca8f281937be6d74bb6d.png

答案:DD;DD;DD;DD;DD;DD;CC;CC;CC;(10)DD;(11)CC;(12)CC/star3/origin/590ca0a7314b6d2013e5e296299b44c4.png

答案:C;D;D;D;D;D;C;D;C1.

Identifytheitemsfromthefollowinglistthatarelikelytoserveassourcedocuments.a.Salesticket

d.Telephonebill

g.Incomestatementb.Trialbalance

e.Invoicefromsupplier

h.Bankstatement

c.Balancesheet

f.Companyrevenueaccount

i.Prepaidinsurance

答案:A；a；Salesticket；salesticket；a.Salesticket;D；d；Telephonebill；telephonebill；d.Telephonebill;E；e；Invoicefromsupplier；invoicefromsupplier；e.Invoicefromsupplier;H；h；Bankstatement；bankstatement；h.Bankstatement/star3/origin/fcdc065d0f4774795f21efbd7f5c6596.png

答案:16.0%;16%/star3/origin/e6be8a47cab4de943ed573b7019d7b46.png

答案:20.0%;20%Indicatethesectionwhereeachofthefollowingwouldappearonthestatementof

cashflows.O.Cashflowsfromoperatingactivity

I.Cashflowsfrominvestingactivity

F.Cashflowsfromfinancingactivity

1.Cashpurchaseofequipment

5.Cashpaidonaccountpayabletosupplier

2.Cashwithdrawalbyowner

6.Cashreceivedfromclients

3.Cashpaidforadvertising

7.Cashinvestmentbyowner

4.Cashpaidforwages

8.Cashpaidforrent

答案:I;F;O;O;O;O;F;OIndicateinwhichfinancialstatementeachitemwouldmostlikelyappear:incomestatement(I),balancesheet(B),statementofowner’sequity(E),orstatementofcashflows(CF).a.Assets

f.Liabilitiesb.Cashfromoperatingactivities

g.Netdecrease(orincrease)incashc.Withdrawals

h.Revenuesd.Equipment

i.Totalliabilitiesandequitye.Expenses

答案:B;CF;E;B;I;B;CF;I;BCalssifyeachofthefollowingitemsasassets(A),liabilities(L),orequity(EQ)._______1.Land

_______4.Accountspayable_______2.Owner,Capital

_______5.Accountsreceivable_______3.Equipment

_______6.Supplies

答案:A;EQ;A;L;A;AThefollowingdescribeseveraldifferentbusinessorganizations.Determinewhetherthedescriptionrefers

toasoleproprietorship(SP),partnership(P),orcorporation(C).a.OwnershipofZanderCompanyisdividedinto1,000sharesofstock.b.TrentCompanyisownedbyTrentMalone,whoispersonallyliableforthecompany’sdebts.c.MicahDouglasandNathanLoganownFinancialServices,afinancialservicesprovider.

NeitherDouglasnorLoganhaspersonalresponsibilityforthedebtsofFinancialServices.d.RileyandKayownSpeedyPackages,acourierservice.Botharepersonallyliableforthe

debtsofthebusiness.e.IBCServicesdoesnothaveseparatelegalexistenceapartfromtheonepersonwhoownsit.f.PhysioProductsdoesnotpayincometaxesandhasoneowner.g.AJCompanypaysitsownincometaxesandhastwoowners.

答案:C;SP;C;P;SP;SP;CMatcheachofthenumbereddescriptionswiththetermorphraseitbestreflects.Indicateyouranswerby

writingtheletterforthetermorphraseintheblankprovided.

A.Audit

C.Ethics

E.SEC

G.Netincome

B.GAAP

D.Taxaccounting

F.Publicaccountants

H.IASBPrinciplesthatdeterminewhetheranactionisrightorwrong.Accountingprofessionalswhoprovideservicestomanyclients.Anaccountingareathatincludesplanningfuturetransactionstominimizetaxespaid.Anexaminationofanorganization’saccountingsystemandrecordsthataddscredibilityto

financialstatements.Amountabusinessearnsinexcessofallexpensesandcostsassociatedwithitssalesandrevenues.

答案:C;F;D;A;G12(C3)Identifyingtheproperethicalpathisusuallyeasy.

答案:錯4(C2)Financialaccountingistheareaofaccountingaimedatservingexternalusersbyprovidingthemwithgeneral-purposefinancialstatements.

答案:對8(C2)Externalusersincludelenders,shareholders,customers,andregulators.

答案:對10(C2)Internalusersincludelenders,shareholders,brokersandnonexecutiveemployees.

答案:錯13(C3)TheSarbanes-OxleyAct(SOX)requireseachissuerofsecuritiestodisclosewhetherithasadoptedacodeofethicsforitsseniorfinancialofficersandthecontentsofthatcode.

答案:對7(C2)Externalauditorsexaminefinancialstatementstoverifythattheyarepreparedaccordingtogenerallyacceptedaccountingprinciples.

答案:對5(C2)Internaloperatingactivitiesincluderesearchanddevelopment,distribution,andhumanresources.

答案:對1(C1)Accountingisaninformationandmeasurementsystemthatidentifies,records,andcommunicatesrelevant,reliable,andcomparableinformationaboutanorganization'sbusinessactivities.

答案:對2(C1)Recordkeeping,orbookkeeping,istherecordingoftransactionsandevents,eithermanuallyorelectronically.Thisisjustonepartofaccounting.

答案:對3(C1)Anaccountingsystemcapturesrelevantdataabouttransactionsandthenclassifies,records,andreportsdata.

答案:對Identifythefollowingquestionsasmostlikelytobeaskedbyaninternal(I)oranexternal(E)user

ofaccountinginformation.

Whatarereasonablepayrollbenefitsandwages?Shouldwemakeafive-yearloantothatbusiness?Whatarethecostsofourproduct’singredients?Doincomelevelsjustifythecurrentstockprice?Shouldwespendadditionalmoneyforredesignofourproduct?Whichfirmreportsthehighestsalesandincome?Whatarethecostsofourservicetocustomers?

答案:I;E;I;E;I;E;IIdentifythefollowingusersaseitherexternalusers(E)orinternalusers(I).a.

Customers

e.

Managers

i.

Controllersb.

Suppliers

f.

Districtattorney

j.

FBIandIRSc.

Brokers

g.

Shareholders

k.

Consumergroupd.

Businesspress

h.

Lenders

l.

Salesclerks

答案:E;E;E;E;I;E;E;E;I;(10)E;(11)E;(12)IManyaccountingprofessionalsworkinoneofthefollowingthreeareas:A.FinancialaccountingB.ManagerialaccountingC.TaxaccountingIdentifytheareaofaccountingthatismostinvolvedineachofthefollowingresponsibilities:1.Internalauditing

5.Investigatingviolationsoftaxlaws2.Externalauditing

6.Planningtransactionstominimizetaxes3.Costaccounting

7.Preparingexternalfinancialstatements4.Budgeting

8.ReviewingreportsforSECcompliance

答案:B;A;B;B;C;C;A;AE

3-1(C2)On

March

1,

2015,

a

company

paid

an

$18,000

premium

on

a

36-month

insurance

policy

for

coverage

beginning

on

that

date.

Refer

to

that

policy

and

fill

in

the

blanks

in

the

following

table.(Enter

NUMBERS

ONLY)Balance

Sheet

Insurance

Asset

usingInsurance

Expense

usingAccrual

BasisCash

BasisAccrual

BasisCash

BasisDec.

31,

2015

$__(1)__$__(2)__2015

$__(3)__

$__(4)__

Dec.

31,

2016

__(5)__

__(6)__

2016

__(7)__

__(8)__Dec.

31,

2017

__(9)__

__(10)__

2017

__(11)____(12)__Dec.

31,

2018

__(13)____(14)__2018

__(15)____(16)__

Total

$__(17)__$__(18)__

答案:13,000;0;5,000;18,000;7,000;0;6,000;0;1,000;(10)0;(11)6,000;(12)0;(13)0;(14)0;(15)1,000;(16)0;(17)18,000;(18)18,00063(P5)Under

a

periodic

inventory

system,

purchases,

purchases

returns

and

allowances,

purchase

discounts,

and

transportation

in

transactions

are

recorded

in

the

Merchandise

Inventory

account.

答案:錯53(P3)Sales

Discounts

and

Sales

Returns

and

Allowances

are

contra

revenue

accounts

that

are

debited

to

close

the

accounts

during

the

closing

process.

答案:錯22(A1)Successful

use

of

a

just-in-time

inventory

system

can

narrow

the

gap

between

the

acid-test

and

the

current

ratio.

答案:對17(C2)Beginning

inventory

plus

net

purchases

equals

merchandise

available

for

sale.

答案:對37(P1)If

a

company

sells

merchandise

with

credit

terms

2/10

n/60,

the

credit

period

is

10

days

and

the

discount

period

is

60

days.

答案:錯26(A2)The

profit

margin

ratio

is

the

same

as

the

gross

profit

ratio.

答案:錯60(P4)Expenses

related

to

accounting,

human

resource

management,

and

financial

management

are

known

as

selling

expenses.

答案:錯46(P2)Sales

Discounts

is

added

to

the

Sales

account

when

computing

a

company's

net

sales.

答案:錯41(P1)A

buyer

using

a

perpetual

inventory

system

records

the

costs

of

shipping

merchandise

it

purchases

in

a

Delivery

Expense

account.

答案:錯6(C1)A

retailer

buys

products

from

manufacturers

and

sells

them

to

wholesalers.

答案:錯145(P5)On

September

12,

Vander

Company

sold

merchandise

in

the

amount

of

$5,800

to

Jepson

Company,

with

credit

terms

of

2/10,

n/30.

The

cost

of

the

items

sold

is

$4,000.

Vander

uses

the

periodic

inventory

system

and

the

gross

method

of

accounting

for

sales.

On

September

14,

Jepson

returns

some

of

the

non-defectivemerchandise,whichisrestoredtoinventory.

Thesellingpriceofthereturnedmerchandiseis$500andthecostofthemerchandisereturnedis$350.TheentryorentriesthatVandermustmakeonSeptember14is:

答案:Sales

returns

and

allowances

500

Accounts

receivable

500130(P3)All

of

the

following

statements

regarding

inventory

shrinkage

are

true

exc

答案:Inventory

shrinkage

is

recognized

by

debiting

an

operating

expense98(A2)A

company

had

net

sales

of

$752,000

and

cost

of

goods

sold

of

$543,000.

Its

net

income

was$33,530.

The

company's

gross

margin

ratio

equals:

答案:27.8%86(C2)The

current

period's

ending

inventory

is

答案:The

next

period's

beginning

inventory112(P1)A

company

purchased

$1,800

of

merchandise

on

July

5

with

terms

2/10,

n/30.

On

July

7,

it

returned

$200

worth

of

merchandise.

On

July

12,

it

paid

the

full

amount

due.

Assuming

the

company

uses

a

perpetual

inventory

system,

and

records

purchases

using

the

gross

method,

the

correct

journal

entry

to

record

the

payment

on

July

12

is:

答案:Debit

Accounts

Payable

$1,600;

credit

Merchandise

Inventory

$32;

credit

Cash

$1,56895(chp5-A2)The

gross

margin

ratio

答案:Indicates

the

percent