财务会计学第八版课后答案.docx
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财务会计学第八版课后答案
课后习题
Chapter1
随堂练习：
1—241—25
课后练习：
1—32
Chapter2
随堂练习：
2—352—38
课后练习：
2—36
Chapte3
随堂练习：
3—183—213—273—303—313—373—39
课后练习：
3—36
Chapte4
随堂练习：
4—284—294—304—35
课后练习：
4—42
Chapter5
随堂练习：
5—375—385—395—41
课后练习：
5—58
Chapter6
随堂练习：
6—316—536—62
课后练习：
6—346—406—54256页problem1&2（此答案书后有）
6—846—86
Chapter7
随堂练习：
7—427—437—58
课后练习：
7—28
Chapter8
随堂练习：
8—338—32
课后练习：
8—44
Chapter9
随堂练习：
9—269—289—299—459—57
课后练习：
9—499—58
Chapter10：
无
Chapter11
随堂练习：
11—52
课后练习：
11—4311—4611—47
Chapter12
随堂练习：
12—2712—28
课后练习：
12—3112—4012—41
备注：
标注有红色的题号都是可以找到答案的题，其余的习题没答案，没答案的题可以借阅平时上课做了笔记的同学。
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习题答案
Chapter1
1-24
ALBANYCORPORATION
BalanceSheet
March31,20X1
Liabilitiesand
AssetsStockholders'Equity
Cash$6,000（a）Liabilities:
Accountsreceivable14,000Accountspayable$11,000（f）
Notesreceivable2,000Notespayable10,000
Merchandiseinventory43,000（b）Long-termdebt32,000（g）
Furnitureandfixtures2,000（c）Totalliabilities53,000
Machineryandequipment27,000（d）Stockholders'equity:
Land31,000（e）Paid-incapital92,000（h）
Building20,000
Total$145,000Total$145,000
（a）Cash:
10,000+1,000–5,000=6,000
（b）Merchandiseinventory:
40,000+3,000=43,000
（c）Furnitureandfixtures:
3,000–1,000=2,000
（d）Machineryandequipment:
15,000+12,000=27,000
（e）Land:
6,000+25,000=31,000
（f）Accountspayable:
8,000+3,000=11,000
（g）Long-termdebt:
12,000+20,000=32,000
（h）Paid-incapital:
80,000+12,000=92,000
Note:
Event5requiresnochangeinthebalancesheet.
1-25
BROADWAYCORPORATION
BalanceSheet
November30,20X1
Liabilitiesand
Liabilitiesand
AssetsStockholders’Equity
Cash$13,000（a）Liabilities:
Accountsreceivable16,000（b）Accountspayable$10,000（e）
Notesreceivable8,000Notespayable31,000（f）
Merchandiseinventory29,000Long-termdebt119,000（g）
Furnitureandfixtures8,000Totalliabilities160,000
Machineryandequip.34,000（c）Stockholders’equity:
Land35,000（d）Paid-inCapital213,000（h）
Building230,000
Total$373,000Total$373,000
（a）Cash:
22,000–6,000–3,000=13,000
（b）Accountsreceivable:
10,000+6,000=16,000
（c）Machineryandequipment:
20,000+14,000=34,000
（d）Land:
41,000–6,000=35,000
（e）Accountspayable:
16,000–6,000=10,000
（f）Notespayable:
20,000+（14,000–3,000）=31,000
（g）Long-termdebt:
142,000–23,000=119,000
（h）Paid-incapital:
190,000+23,000=213,000
Note:
Event4requiresnochangeinthebalancesheet.
Chapter2
（无答案）
Chapter3
3-36
（30-45min.）Answersareinthousandsofdollars.
1.a.Inventory550
Accountspayable550
Acquisitionofinventories
b.Accountsreceivable800
Sales800
Salesonaccount
c.Costofgoodssold440
Inventory440
Costofinventorysold
d.Cash80
Notepayable80
Borrowedfromasupplieron
June1,20X8.Four-yearnote,
interestat15%,andprincipal
payableatendoffouryears
e.Prepaidrent25
Cash25
Paidrentinadvance
f.Wagesexpense165
Cash165
Paidwages
g.Miscellaneousexpenses76
Cash76
Paidmiscellaneousexpenses
h.Notereceivable20
Cash20
Loantoofficemanagerone-year
note,10%interest
i.Cash691
Accountsreceivable691
Collectionsonaccounts
j.Accountspayable471
Cash471
Paymentsonaccounts
k.Rentexpense26
Prepaidrent26
Toreduceprepaidrentto$3,000
l.Depreciationexpense6
Accumulateddepreciation,
storeequipment6
Depreciationfortheyear19X8
m.Wagesexpense6
Cash6
Adjustmentforwages
n.Interestexpense7
Cash7
Adjustment:
.15x$80,000x7/12
o.Cash1
Interestrevenue1
Adjustment:
.10x$20,000x6/12
2.
CashAccountsReceivableAccountsPayable
*22（e）25*37（i）691（j）471*111
（d）80（f）165（b）800（a）550
（i）691（g）76**146**190
（o）1（h）20
（j）471NoteReceivableNotePayable
（m）6（h）20（d）80
（n）7
**24
InventoryCostofGoodsSoldPaid-inCapital
*131（c）440（c）440*40
（a）550
**241
PrepaidRentRentExpenseRetainedIncome
*4（k）26（k）26*79
（e）25
**3
StoreEquipmentDepreciationExpenseSales
*60（l）6（b）800
**60
AccumulatedDepreciation,
StoreEquipmentInterestExpenseInterestRevenue
*24（n）7（o）1
（l）6
**30
WagesExpenseMiscellaneousExpense
（f）165（g）76
（m）6
**171
*Balance12/31/X7
**Balance12/31/X8
3.CANSECOGARDENS
TrialBalance
December31,20X8
DebitsCredits
Cash$24
Accountsreceivable146
Notereceivable20
Inventory241
Prepaidrent3
Storeequipment60
Accumulateddepreciation,
storeequipment$30
Accountspayable190
Notepayable80
Paid-incapital40
Retainedincome79
Sales800
Interestrevenue1
Costofgoodssold440
Rentexpense26
Depreciation6
Interestexpense7
Miscellaneousexpenses76
Wagesexpense171
Total$1,220$1,220
Chapter4
（无答案）
Chapter5
5-39
1.Grosssales$650,000*
Deduct:
Salesreturnsandallowances$30,000
Cashdiscountsonsales20,00050,000
Netsales$600,000
*$600,000+$20,000+$30,000=$650,000
2.（a）Accountsreceivable650,000
Salesrevenue650,000
（b）Salesreturnsandallowances30,000
Accountsreceivable30,000
（c）Cash600,000
Cashdiscountsonsales20,000
Accountsreceivable620,000
5-58
（20min.）
Notethatthedataprovidefouryearsofexperiencetouseincalculatingtheproperpercentage.Salesandendingaccountsreceivablefrom20X1through20X4arematchedwithwrite-offsfor20X2through20X5.
1.Baddebtwrite-offsasapercentageofsalesprovidestheamounttobeaddedtotheallowanceaccount.Baddebtwrite-offsasapercentageofsalesare:
（$12,500+$14,000+$16,500+$17,600）/（$680,000+$750,000+$750,000+$850,000）=$60,600/$3,030,000=2%
Baddebtexpense,20X5=2%x$850,000=$17,000
Endingbalance,allowanceforuncollectibleaccounts
=Beginningbalance+baddebtexpense–baddebtswrittenoff
=$16,000+$17,000–$17,600
=$15,400
5-58（continued）
UseofT-accountsmighthelp:
AllowanceforUncollectibleAccounts
Writtenoff17,600
Beg.Bal.16,000
Expense17,000
End.Bal.15,400
2.Thepercentageofendingaccountsreceivablemethodprovidesthedesiredbalanceintheallowanceaccount.Theallowanceaccountbalance,asapercentageofendingaccountsreceivable,shouldbecalculatedasfollows:
（$12,500+$14,000+$16,500+$17,600）/（$90,000+$97,000+$103,000+$114,000）=$60,600/$404,000=15%
Endingbalance,allowanceforuncollectibleaccounts,20X5=15%x$112,000=$16,800
Beginning+baddebt–baddebt=Endingbalance
balanceexpensewriteoffs
$16,000+baddebt–$17,600=$16,800
expense
Baddebtexpense=$16,800+$17,600–$16,000=$18,400
Thecriticalissueistorealizetheallowancebalancebeforethebaddebtexpenseentryisthebeginningbalanceof$16,000lessthewrite-offsof$17,600;adebitbalanceof1,600.Theexpensemustbringthisbalancetozeroandthencreatetherequired$16,800creditbalance
Chapter6
6-31
PRAG’sJEWELRYWHOLESALERS
StatementofGrossProfit
FortheYearEndedDecember31,20X8
（InThousands）
Grosssales$1,000
Deduct:
Salesreturnsandallowances$40
Cashdiscountsonsales545
Netsales955
Costofgoodssold:
Inventory,December31,20X7$103
Add:
Grosspurchases$650
Deduct:
Purchasereturns
andallowances$27
Cashdiscountsonpurchases633
Netpurchases617
AddFreight-in50
Costofmerchandiseacquired667
Costofgoodsavailableforsale770
Deduct:
Inventory,December31,19X8170
Costofgoodssold600
Grossprofit$355
6-34
（10-15min.）
CostofGoodsAvailable=£21,300
（8,000+4,200+4,400+2,300+2,400）
LIFOEndingInventory=（4,000@2）+（1,500@2.10）=£11,150
FIFOEndingInventory=1,000@2.40=£2,400
1,000@2.30=2,300
2,000@2.20=4,400
1,500@2.10=3,150
5,500£12,250
Weightedaverage=£21,300/10,000=£2.13perunit
Endinginventory5,500@2.13=£11,715
CostofGoodsSoldCalculation:
LIFOFIFOAverage
Goodsavailable£21,300£21,300£21,300
LessEndingInventory（11,150）（12,250）（11,715）
CostofGoodsSold£10,150£9,050£9,585
6-40
（10-15min.）
Compoundentriescouldbeprepared.（Amountsareinmillions.）
a.Salesreturnsandallowances5
Cashdiscountsonsales8
Accountsreceivable226
Sales239
b.Costofgoodssold157
Purchasereturnsandallowances6
Cashdiscountsonpurchases1
Inventory25
Purchases125
Freight-in14
c.Inventory40
Costofgoodssold40
d.Otherexpenses80
Cash80
6-53
（15-25min.）
UndertheFIFOcost-flowassumption,theperiodicandperpetualproceduresgiveidenticalresults.Theendinginventorywillbevaluedonthebasisofthelastpurchasesduringtheperiod.
Units
$
BeginningInventory
110
550
Purchases
290
2,050
Goodsavailable
400
2,600
Unitssold
255
1,485**
UnitsinendingInventory
145
1,115*
*145unitsremaininendinginventory
100willbevaluedatthe$8costfromtheOctober21purchaseandtheremaining45willbevaluedatthe$7costfromtheMay9purchase
100x$8=$800
45x$7=315
$1,115Endinginventory
**Reconciliation:
CostofGoodsSold:
255Units:
110x$5=$550
80x$6=480
65x$7=455
$1,485
6-54
（30-35min.）
1.
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