会计英语 课后习题答案 作者 叶建芳 会计英语课后习题参考答案Word文件下载.docx

会计英语 课后习题答案 作者 叶建芳 会计英语课后习题参考答案Word文件下载.docx

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AccountsreceivableAcompany540012Dr:

Cash5394.5Interestexpense5.5Cr:

Notesreceivable5400June6Dr:

AccountsreceivableAcompany5533Cr:

Cash553318Dr:

Cash5560.7Cr:

AccountsreceivableAcompany5533Interestrevenue27.73.（a）Asawhole:

theendinginventory=685（b）appliedseparatelytoeachproduct:

theendinginventory=6254.Thecostofgoodsavailableforsale=endinginventory+thecostofgoods=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）=18828Chapter41.（a）second-yeardepreciation=（114,0005,700）/5=21,660;

（b）second-yeardepreciation=8,600*（114,0005,700）/36,100=25,800;

（c）first-yeardepreciation=114,000*40%=45,600second-yeardepreciation=（114,00045,600）*40%=27,360;

（d）second-yeardepreciation=（114,0005,700）*4/15=28,880.2.（a）weighted-averageaccumulatedexpenditures（2008）=75,000*12/12+84,000*9/12+180,000*8/12+300,000*7/12+100,000*6/12=483,000（b）interestcapitalizedduring2008=60,000*12%+（483,00060,000）*10%=49,5003.

（1）depreciationexpense=30,000

（2）bookvalue=600,00030,000*2=540,000（3）depreciationexpense=（600,00030,000*8）/16=22,500（4）bookvalue=600,00030,000*822,500=337,5004.Situation1:

Jan1st,2008InvestmentinM260,000Cash260,000June30Cash6000Dividendrevenue6000Situation2:

January1,2008InvestmentinS81,000Cash81,000June15Cash10,800InvestmentinS10,800December31InvestmentinS25,500InvestmentRevenue25,5005.a.December31,2008InvestmentinK1,200,000Cash1,200,000June30,2009DividendReceivable42,500DividendRevenue42,500December31,2009Cash42,500DividendReceivable42,500b.December31,2008InvestmentinK1,200,000Cash1,200,000December31,2009Cash42,500InvestmentinK42,500InvestmentinK146,000Investmentrevenue146,000c.Ina,theinvestmentamountis1,200,000netincomereposedis42,500Inb,theinvestmentamountis1,303,500Netincomereposedis146,000Chapter51.a.June1:

Dr:

Inventory198,000Cr:

AccountsPayable198,000June11:

AccountsPayable198,000Cr:

NotesPayable198,000June12:

Cash300,000Cr:

NotesPayable300,000b.Dr:

InterestExpenses（fornotesonJune11）12,100Cr:

InterestPayable12,100Dr:

InterestExpenses（fornotesonJune12）8,175Cr:

InterestPayable8,175c.Balancesheetpresentation:

NotesPayable498,000AccruedInterestonNotesPayable20,275d.ForGreen:

NotesPayable198,000InterestPayable12,100InterestExpense7,700Cr:

Cash217,800ForWestern:

NotesPayable300,000InterestPayable8,175InterestExpense18,825Cr:

Cash327,0002.

（1）208Deferredincometaxisaliability2,400Incometaxpayable21,600209Deferredincometaxisanasset600Incometaxpayable26,100

（2）208:

Taxexpense24,000Cr:

Incometaxpayable21,600Deferredincometax2,400209:

Taxexpense25,500Deferredincometax600Cr:

Incometaxpayable26,100（3）208:

Incomestatement:

taxexpense24,000Balancesheet:

incometaxpayable21,600209:

taxexpense25,500Balancesheet:

incometaxpayable26,1003.a.1,560,000（20000000*12%*（1-35%）b.7.8%（20000000*12%*（1-35%）/20000000）4.maturityvaluenumberofinterestperiodsstatedrateperinterest-periodeffectiveinterestrateperinterest-periodpaymentamountperperiodpresentvalueofbondsatdateofissue1$10403.75%3%$0.375$11.732201010%12%217.74325100%12%08.055.NotesPayable14,400InterestPayable1,296AccountsPayable60,000+UnearnedRentRevenue7,200CurrentLiabilities82,896Chapter61.Mar.1Cash1,200,000CommonStock1,000,000Paid-inCapitalinExcessofParValue200,000Mar.15OrganizationExpense50,000CommonStock50,000Mar.23Patent120,000CommonStock100,000Paid-inCapitalinExcessofParValue20,000Thevalueofthepatentisnoteasilydeterminable,sousetheissuepriceof$12pershareonMarch1whichistheissuingpriceofcommonstock.2.July.1TreasuryStock180,000Cash180,000Thecostoftreasurypurchasedis180,000/30,000=60pershare.Nov.1Cash70,000TreasuryStock60,000Paid-inCapitalfromTreasuryStock10,000Sellthetreasuryatthecostof$60pershare,andsellingpriceis$70pershare.Thetreasurystockissoldabovethecost.Dec.20Cash75,000Paid-inCapitalfromTreasuryStock15,000TreasuryStock90,000Thecostoftreasuryis$60persharewhilethesellingpriceis$50whichislowerthanthecost.3.a.July1RetainedEarnings24,000DividendsPayablePreferredStock24,000b.Sept.1DividendsPayablePreferredStock24,000Cash24,000c.Dec.1RetainedEarnings80,000DividendsPayableCommonStock80,000d.Dec.31IncomeSummary350,000RetainedEarnings350,0004.a.Preferredstockgivesitsownercertainadvantagesovercommonstockholders.Thesebenefitsincludetherighttoreceivedividendsbeforethecommonstockholdersandtherighttoreceiveassetsbeforethecommonstockholdersifthecorporationliquidates.Corporationpayafixedamountofdividendsonpreferredstock.The7%cumulativetermindicatesthattheinvestorsearn7%fixeddividends.b.7%*120%*20,000=504,000c.Ifcorporationissueddebt,ithasobligationtorepayprincipald.Thedateofdeclarationdecreasethestockholdersequity;

thedateofrecordandthedateofpaymenthavenoeffectonstockholders.5.a.Jan.15RetainedEarnings35,000AccumulatedDepreciation35,000Tocorrecterrorinprioryearsdepreciation.b.Mar.20LossfromEarthquake70,000Building70,000c.Mar.31RetainedEarnings12,500DividendsPayable12,500d.Apirl.15DividendsPayable12,500Cash12,500e.June30RetainedEarnings37,500CommonStock25,000AdditionalPaid-inCapital12,500Torecordissuanceof10%stockdividend:

10%*25,000=2,500shares;

2500*$15=$37,500f.Dec.31DepreciationExpense14,000AccumulatedDepreciation14,000Originaldepreciation:

$40,000/40=$10,000peryear.BookvalueonJan.1,2009is$350,000（=$400,000-5*$10,000）.Deprecationfor2009is$14,000（=$350,000/25）.g.Thecompanydoesnotneedtomakeentryintheaccountingrecords.ButtheamountofCommonStock（$10parvalue）decreases275,000,whiletheamountofCommonStock（$5parvalue）increases275,000.Chapter71.Requirement1Ifrevenueisrecognizedatthedateofdelivery,thefollowingjournalentrieswouldbeusedtorecordthetransactionsforthetwoyears:

Year1Inventory480,000Cash/Accountspayable480,000TorecordpurchaseofinventoryInventory124,000Cash/Accountspayable124,000TorecordrefurbishmentofinventoryAccountsreceivable310,000Salesrevenue310,000TorecordsaleofgoodsonaccountCostofgoodssold220,000Inventory220,000TorecordthecostofthegoodssoldasanexpenseSalesreturns（I/S）15,500*Allowanceforsalesreturns（B/S）15,500Torecordprovisionforreturnofgoodssoldunder30-dayreturnperiod*5%of$310,000Warrantyexpense31,000*Provisionforwarranties（B/S）31,000Torecordprovision,attimeofsale,forwarrantyexpenditures*10%of$310,000Allowanceforsalesreturns12,400Accountsreceivable12,400Torecordreturnofgoodswithin30-dayreturnperiod.Itisassumedthereturnedgoodshavenovalueandaredisposedof.Provisionforwarranties（B/S）18,600Cash/Accountspayable18,600Torecordexpendituresinyear1forwarrantyworkCash297,600*Accountsreceivable297,600TorecordcollectionofAccountsReceivable*$310,000$12,400Year2Provisionforwarranties（B/S）8,400Cash/Accountspayable8,400Torecordexpendituresinyear2forwarrantyworkRequirement2Ifrevenueisrecognizedonlywhenthewarrantyperiodhasexpired,thefollowingjournalentrieswouldbeusedtorecordthetransactionsforthetwoyears:

Year1Inventory480,0