会计学基础第三章答案.docx
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会计学基础第三章答案
Ex.3–3
Nov.
1
Cash
120,000
CapitalStock
120,000
Issuedstockinexchangeforcash.
8
Land
70,000
Building
58,600
Cash
33,600
NotesPayable
95,000
Purchasedlandandbuilding,bypaying$33,600cashandissuinganotepayablefortheremainingbalance.
15
OfficeEquipment
3,200
AccountsPayable
3,200
Purchasedofficeequipmentonaccount.
21
AccountsPayable
480
OfficeEquipment
480
ReturnedsomeoftheofficeequipmentpurchasedonNovember15.
25
NotesPayable
12,000
Cash
12,000
Paidnotepayable.
30
Vehicles
9,400
Cash
1,400
NotesPayable
8,000
Purchasedvehiclesbypaying$1,400cashandissuinganotepayablefortheremainingbalance.
Ex.3–4
AVENSONINSURANCECompany
TrialBalance
November30,20__
Cash
$73,000
Land
70,000
Building
58,600
Officeequipment
2,720
Vehicles
9,400
Notespayable
$91,000
Accountspayable
2,720
Capitalstock
120,000
$213,720
$213,720
Ex.3–13
a.
July
18
Cash
1,500
CapitalStock
1,500
Issued500sharesofcapitalstocktoPatrickDoneganat$3pershare.
July
22
OfficeSupplies
100
AccountsPayable
100
Purchasedofficesuppliesonaccount.
July
23
MowingEquipment
2,000
Cash
400
NotesPayable
1,600
Purchasedmowingequipmentpaying$400cashandissuinga$1,600notepayableforthebalance.
July
24
FuelExpense
25
Cash
25
PaidforgasolinetobeusedinJuly.
July
25
AccountsReceivable
150
MowingRevenue
150
BilledLostCreekCemeteryformowingservices.PaymentisdueJuly30.
July
26
AccountsReceivable
200
MowingRevenue
200
BilledGolfViewCondominiumsformowingservices.
PaymentisdueAugust1.
July
30
Cash
150
AccountsReceivable
150
CollectedamountduefromLostCreekCemeteryformowingservicesprovidedJuly25.
July
31
SalariesExpense
80
Cash
80
PaidsalarytoTeddyGrimmforworkperformedinJuly.
30Minutes,Medium
Problem3–1
HEARTLANDCONSTRUCTION
b.
Transaction
Assets
=
Liabilities
+
Owners’Equity
Feb.1
+$500,000（Cash）
$0
+$500,000（Capital
Stock）
Feb.10
+$100,000（Land）
+$240,000（NotesPayable）
$0
+$200,000（OfficeBuilding）
–$60,000（Cash）
Feb.16
+$12,000（ComputerSystems）
$0
$0
–$12,000（Cash）
Feb.18
+$9,000（OfficeFurnishings）
+$8,000（AccountsPayable）
$0
–$1,000（Cash）
Feb.22
+$300（OfficeSupplies）
$0
$0
–$300（Cash）
Feb.23
+$36（AccountsReceivable）
$0
$0
–$36（ComputerSystems）
Feb.27
–$4,000（Cash）
-$4,000（AccountsPayable）
$0
Feb.28
+$36（Cash）
$0
$0
–$36（AccountsReceivable）
30Minutes,Medium
Problem3–2
ENVIRONMENTALSERVICES,INC.
a.
（1）
（a）
TheassetAccountsReceivablewasincreased.Increasesinassetsarerecordedbydebits.DebitAccountsReceivable,$2,500.
（b）
Revenuehasbeenearned.Revenueincreasesowners’equity.Increasesinowners’equityarerecordedbycredits.CreditTestingServiceRevenue,$2,500.
（2）
（a）
TheassetTestingSupplieswasincreased.Increasesinassetsarerecordedbydebits.DebitTestingSupplies,$3,800.
（b）
TheassetCashwasdecreased.Decreasesinassetsarerecordedbycredits.CreditCash,$800.
（c）
TheliabilityAccountsPayablewasincreased.Increasesinliabilitiesarerecordedbycredits.CreditAccountsPayable,$3,000.
（3）
（a）
TheliabilityAccountsPayablewasdecreased.Decreasesinliabilitiesarerecordedbydebits.DebitAccountsPayable,$100.
（b）
TheassetTestingSupplieswasdecreased.Decreasesinassetsarerecordedbycredits.CreditTestingSupplies,$100.
（4）
（a）
TheassetCashwasincreased.Increasesinassetsarerecordedbydebits.DebitCash,$20,000.
（b）
Theowners’equityaccountCapitalStockwasincreased.Increasesinowners’equityarerecordedbycredits.CreditCapitalStock,$20,000.
（5）
（a）
TheassetCashwasincreased.Increasesinassetsarerecordedbydebits.DebitCash,$600.
（b）
TheassetAccountsReceivablewasdecreased.Decreasesinassetsarerecordedbycredits.CreditAccountsReceivable,$600.
（6）
（a）
TheliabilityAccountsPayablewasdecreased.Decreasesinliabilitiesarerecordedbydebits.DebitAccountsPayable,$2,900（$3,800-$800-$100）.
（b）
TheassetCashwasdecreased.Decreasesinassetsarerecordedbycredits.CreditCash,$2,900.
（7）
（a）
TheDividendsaccountwasincreased.Dividendsdecreasetheowners’equityaccountRetainedEarnings.Decreasesinowners’equityarerecordedbydebits.DebitDividends,$6,800.
（b）
TheassetCashwasdecreased.Decreasesinassetsarerecordedbycredits.CreditCash,$6,800.
Problem3–2
ENVIRONMENTALSERVICES,INC.（continued）
Problem3–2
ENVIRONMENTALSERVICES,INC.（concluded）
c.
Therealizationprinciplerequiresthatrevenueberecordedwhenitisearned,evenifcashforthegoodsorservicesprovidedhasnotbeenreceived.
d.
Thematchingprinciplerequiresthatrevenueearnedduringanaccountingperiodbematched（offset）withexpensesincurredingeneratingthisrevenue.Testingsuppliesarerecordedasanassetwhentheyarefirstpurchased.Asthesesuppliesareusedinaparticularaccountingperiod,theircostwillbematchedagainsttherevenueearnedinthatperiod.
35Minutes,Medium
Problem3–3
WEIDASURVEYING,INC.
a.
IncomeStatement
BalanceSheet
Transaction
Revenue
Expenses
=
NetIncome
Assets
=
Liabilities
+
Owners’
Equity
Sept.1
NE
I
D
D
NE
D
Sept.3
I
NE
I
I
NE
I
Sept.9
I
NE
I
I
NE
I
Sept.14
NE
I
D
NE
I
D
Sept.25
NE
NE
NE
NE
NE
NE
Sept.26
I
NE
I
I
NE
I
Sept.29
NE
NE
NE
D
D
NE
Sept.30
NE
NE
NE
D
NE
D
Problem3–3
WEIDASURVEYING,INC.（concluded）
c.
Threesituationsinwhichacashpaymentdoesnotinvolveanexpenseinclude:
（1）thepaymentofacashdividend,
（2）thepaymentofaliabilityforapreviouslyrecordedexpense,and（3）thepurchaseofanasset,includingexpensespaidinadvancesuchasinsurance,rent,andadvertising.
50Minutes,Strong
Problem3–4
AERIALVIEWS
a.
IncomeStatement
BalanceSheet
Transaction
Revenue
Expenses
=
NetIncome
Assets
=
Liabilities
+
Owners’
Equity
June1
NE
NE
NE
I
NE
I
June2
NE
NE
NE
I
I
NE
June4
NE
I
D
D
NE
D
June15
I
NE
I
I
NE
I
June15
NE
I
D
D
NE
D
June18
NE
I
D
D
NE
D
June25
NE
NE
NE
NE
NE
NE
June30
I
NE
I
I
NE
I
June30
NE
I
D
D
NE
D
June30
NE
I
D
NE
I
D
June30
NE
NE
NE
NE
I
D
Problem3–4
AERIALVIEWS（continued）
Problem3–4
AERIALVIEWS（continued）
Problem3–4
AERIALVIEWS（continued）
Problem3–4
AERIALVIEWS（continued）
Problem3–4
AERIALVIEWS（continued）
Problem3–4
AERIALVIEWS（concluded）
60Minutes,Strong
Problem3–5
DR.SCHEKTER,DVM
a.
IncomeStatement
BalanceSheet
Transaction
Revenue
Expenses
=
NetIncome
Assets
=
Liabilities
+
Owners’
Equity
May1
NE
NE
NE
I
NE
I
May4
NE
NE
NE
I
I
NE
May9
NE
NE
NE
NE
NE
NE
May16
NE
NE
NE
I
I
NE
May21
NE
NE
NE
NE
NE
NE
May24
I
NE
I
I
NE
I
May27
NE
I
D
NE
I
D
May28
NE
NE
NE
NE
NE
NE
May31
NE
I
D
D
NE
D
Problem3–5
DR.SCHEKTER,DVM（continued）
Problem3–5
DR.SCHEKTER,DVM（continued）
c.
Cash
NotesPayable
May1
400,000
May4
100,000
May4
150,000
May24
1,900
May9
130,000
May28
100
May16
20,000
May31Bal.
150,000
May21
5,000
May31
2,800
May31Bal.
144,200
AccountsReceivable
AccountsPayable
May24
300
May28
100
May16
30,000
May27
400
May31Bal.
200
May31Bal.
30,400
OfficeSupplies
CapitalStock
May21
5,000
May1
400,000
May31Bal.
5,000
May31Bal.
400,000
MedicalInstruments
VeterinaryServiceRevenue
May9
130,000
May24
2,200
May31Bal.
130,000
May31Bal.
2,200
OfficeFixtures&Equipment
AdvertisingExpense
May16
50,000
May27
400
May31Bal.
50,000
May31Bal.
400
Land
SalaryExpense
May4
70,000
May31
2,800
May31Bal.
70,000
May31Bal.
2,800
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