会计学 实例综合大全.docx

会计学 实例综合大全.docx

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会计学实例综合大全

CASE1PREPARETHEFINANCIALSTATEMENTS

Theamountsof（a）theassetsandliabilitiesofAspenSupplyCo.asofDecember31,2004,and（b）therevenuesandexpensesofthecompanyfortheyearendedonthatdatefollow.Theitemsarelistedinalphabeticalorder.

Accountspayable

12000

Notespayable

31000

Accountsreceivable

3000

Propertytaxexpense

2000

Building

56000

Rentexpense

14000

Cash

7000

Salaryexpense

38000

Equipment

21000

Servicerevenue

108000

Interestexpense

4000

Supplies

7000

Interestpayable

1000

Utilitiesexpense

3000

Land

8000

Theowner’sbeginningbalance,LindaElkins,Capital,was$43000,andduringtheyearElkinswithdrew$32000forpersonaluse.

REQUIRED:

1.PreparetheincomestatementofAspenSupplyCo.fortheyearendedDecember31,2004.

2.Preparethecompany’sstatementofowner’sequityfortheyearendedDecember31,2004.

3.Preparethecompany’sbalancesheetatDecember31,2004.

4.Answerthesequestionsaboutthecompany

a.Wastheresultofoperationsfortheyearaprofitoraloss?

Howmuch?

b.DidElkinsdrainoffalltheearningsfortheyear,ordidshebuildthecompany’scapitalduringtheperiod?

Howwouldheractinsaffectthecompany’sabilitytoborrowinthefuture?

CASE2PREPARETHECONRECTBALANCESHEET

ThebookkeeperofHaynesEditorialServicepreparedthebalancesheetofthecompanywhiletheaccountantwasill.Thebalancesheetcontainsnumerouserrors.Inparticular,thebookkeeperknewthatthebalancesheetshouldbalance,sohepluggedintheowner’sequityamounttoachievethisbalance.Theowner’sequityamount,however,isnotcorrect.Allotheramountsareaccurate,butsomeareoutofplace.

HAYNESEDITORIALSERVESE

BalanceSheet

MonthEndedOctober31,2003

ASSETS

LIABILITIES

Cash

5400

Notesreceivable

14000

Insuranceexpense

300

Interestexpense

2000

Land

31500

Officesupplies

800

Salaryexpense

3300

Accountsreceivable

2600

Officefurniture

6700

Notespayable

21000

Accountspayable

3000

Utilitiesexpense

2100

OWNER’SEQUITY

Owner’sequity

11900

Totalassets

Totalliabilities

52300

REQUIRED:

1.Preparethecorrectbalancesheet,anddateitcorrectly.Computetotalassets,totalliabilities,andowner’sequity.

2.Identifytheaccountsthatshouldnotbepresentedonthebalancesheetandstatewhyyouexcludedthemfromthecorrectbalancesheetyoupreparedforrequirement1.

CASE3RECORDTRANSACTIONSANDPREPARETHEFINANCIALSTATEMENT

AllenMusserstartedaconsultingserviceandduringthefirstmonthofoperations（June2003）completedthefollowingselectedtransactions:

a.Musserbeganthebusinesswithaninvestmentof$5,000cashandabuildingvaluedat$60,000.ThebusinessgaveMusser’sequityinthebusiness.

b.Borrowed$30,000fromthebank;signedanotepayable.

c.Purchasedofficesuppliesonaccount,$2,100.

d.Paid$18,000forofficefurniture.

e.Paidemployee’ssalary.$2,200.

f.Performedconsultingserviceonaccountforclient,$5,100.

g.Paid$800oftheaccountpayablecreatedintransaction（c）.

h.Receiveda$600billforadvertisingexpensethatwillbepaidinthenearfuture.

i.Performedconsultingserviceforcustomersandreceivedcash,$1,600.

j.Receivedcashonaccount,$1,200

k.Paidthefollowingcashexpenses:

（1）Rentonland,$700;

（2）Utilities,$400

l.Withdrew$7,500forpersonaluse.

REQUIED:

1.OpentheT-accounts.

2.RecordeachtransactiondirectlyintheT-accountwithoutusingajournal,usingtheletterstoidentifythetransactions.

3.PreparethetrialbalanceofMusserConsultingServiceatJune30,2003.

4.Preparetheincomestatement,thestatementofowner’sequity,andthebalancesheetofMusserConsultingServiceattheJune30,2003.

CASE4MAKEDECISION:

TOBUYACOMPANYORNOT?

BenjaminO’henryhasowenedandoperatedO’HenryDataServicessinceitsbeginningtenyearsago.Fromallappearances,thebusinesshasprospered.Inthepastfewyears,youhavebecomefriendswithO’Henryandhiswifethroughyourchurch.Recently,O’Henrymentionedthathehaslosthiszestforthebusinessandwouldconsidersellingitfortherightprice.Youareinterestedinbuyingthisbusinessandobtainitsmostrecentmonthlyunadjustedtrialbalance,whichfollows.

O’HENRY’SDATASERVICES

UnadjustedTrialBalance

November20xx

Cash

9700

Accountsreceivable

7900

Prepaidexpenses

2600

Furniture,andequipment

151300

Accumulateddepreciation

15600

Accountspayable

3800

Salarypayable

0

Unearnedservicerevenue

6700

BenjaminO’Henry,capital

137400

BenjaminO’Henry,withdrawals

2000

0

Servicerevenue

14300

Rentexpense

Salaryexpense

3400

Utilitiesexpense

900

Depreciation

Suppliesexpense

Total

Revenuesandexpensesvaryfrommonthtomonth,andNovemberisatypicalmonth.Yourinvestigationrevealsthattheunadjustedtrialbalancedoesnotincludetheeffectsofmonthlyrevenuesof$2,100andmonthlyexpensestotaling$2,750.IfyouweretobuyO”Henry’DataServices.Youwouldhireamanagerwhowouldrequireamonthlysalaryof$3,000.

REQUIRED:

1.Themostyouwouldpayforthebusinessis20timesthemonthlynetincomeyoucouldexpecttoearnformit.Computethepossibleprice.

2.TheleastO”Henrywilltakeforthebusinessishisendingcapital.Computethisamount.

3.Undertheseconditions,howmuchshouldyouofferO”Henry?

Giveyourreason.

CASE5WasMaltbee’ssummerworksuccessful?

DougMaltbeeformedalawnservicebusinessasasummerjob.TostarttbusinessonMay1,hedeposited$1,000inanewbankaccountinthenameoftheproprietorship.The$1,000consistedofa$600loanfromhisfatherand$400ofhisownmoney.Dougrentedlawnequipment,purchasedsupplies,andhiredfellowstudentstomowandtrimhiscustomer’slawns.

Attheendofeachmonth,Dougmailedbillstohiscustomers.OnAugust31,hewasreadytodissolvethebusinessandreturntoLouisianaStateUniversityforthefallsemester.Becausehewassobusy,hekeptfewrecordsotherthanhischeckbookandalistofamountsowedtohimbycustomers.

AtAugust31,Doug’scheckbookshowsabalanceof$690,andhiscustomersstillowehim$500.Duringthesummer,hecollected$4,250fromcustomers.Hischeckbooklistspaymentsforsuppliestotaling$400,andhestillhasgasoline,weedeatercord,andothersuppliesthatcostatotalof$50.Hepaidhisemployees$1,900,andhestillowesthem$200forthefinalweekofthesummer.

DougrentedsomeequipmentfromScholesMachineShop.OnMay1,hesignedasix-monthleaseonmowersandpaid$600forthefullleaseperiod.Scholeswillrefundtheunusedportionoftheprepaymentiftheequipmentisingoodshape.Inordertogettherefund,Doughaskeptthemowersinexcellentcondition.Infact,hehadtopay$300torepairamower.

Totransportemployeesandequipmenttojobs,Dougusedtrailertatheboughtfor$300.Hefiguresthatthesummer’sworkusedupone-thirdofthetrailerthatheboughtforthebusiness.Checkbooklistsapaymentof$460forcashwithdrawalsbyDougduringthesummer.DougpaidhisfatherbackduringAugust.

REQUIRED:

1.PreparetheincomestatementofMaltbeeLawnServiceforthefourmonthsMaythroughAugust.

2.PreparetheclassifiedbalancesheetofMaltbeeLawnServiceatAugust31.

3.WasMaltbee’ssummerworksuccessful?

Givethereasonforyouranswer.

CASE6TOADJUSTUSINGTHEWORKSHEET

FreshMarketGrocery’strialbalancepertainstoDecember31,2001

FRESHMARKETGROCERY

TRIALBALANCE

December31,2001

Cash

2910

Accountsreceivable

6560

Inventory

101760

Storesupplies

1990

Prepaidinsurance

3200

Storefixtures

63900

Accumulateddepreciation

37640

Accountspayable

29770

Interestpayable

0

Salarypayable

0

Notespayable,long-term

37200

ElaineLorens,capital

63120

ElaineLorens,withdrawals

36300

Salesrevenue

286370

Costofgoodssold

161090

Salaryexpense

46580

Rentexpense

14630

Utilitiesexpense

6780

Depreciationexpenses

0

Insuranceexpenses

5300

Storesuppliesexpense

0

Interestexpenses

3100

Total

454100

454100

AdditionaldataatDecember31,2001:

a.Insuranceexpensefortheyear,$6,090.

b.Storefixtureshaveanestimatedusefullifeoftenyearsandareexpectedtobeworthlesswhentheyareretiredfromservice.

c.AccruedsalariesatDecember31,$1,260.

d.AccruedinterestexpenseatDecember31,$870.

e.StoresuppliesonhandatDecember31,$760.

f.InventoryonhandatDecember31,$94,780.

REQUIRED:

1.CompleteFreshMarket’sworksheetfortheyearendedDecember31,2001.Keyadjustingentriesbyletter.

2.WhatwasthenetincomefortheyearendedDecember31,2001?

3.Whatwastheendingbalanceofthecapitalaccount?

Case07Determiningcostofpurchase

ThefollowingisanexcerptfromaconversationbetweenJoeHitachiandKimKenwood.JoeisdebatingwhethertobuyastereosystemfromAudio-Tec,alocallyownedelectronicsstore,orPowerhouse,amail-orderelectronicscompany.

Joe:

Kim,Idon’tknowwhattodoaboutbuyingmynewstereo.

Kim:

Sowhat'stheproblem?

Joe:

Well,IcanbuyitlocallyatAudio-Tecfor$689.95.However,PowerhouseElectronicshasthesamesystemlistedfor$699.99.

Kim:

Sowhat’sthebigdeal?

BuyitfromAudio-Tec.

Joe:

It’snotquitethatsimple.Powerhousesaidsomethingaboutnothavingtopaysalestax,sinceIwasout-of-state.

Kim:

Yesthat’sagoodpoint.IfyoubuyitatAudio-Tec,they’llchargeyou6%salestax.

Joe:

ButPowerhouseElectronicscharges$15forshippingandhanding.IfIhavethemsenditnext-dayair,it