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

1、Accounts receivableA company 5400 12 Dr:Cash 5394.5 Interest expense 5.5 Cr:Notes receivable 5400 June 6 Dr:Accounts receivableA company 5533 Cr:Cash 5533 18 Dr:Cash 5560.7 Cr:Accounts receivableA company 5533 Interest revenue 27.7 3.（a）As a whole:the ending inventory=685（b）applied separately to eac

2、h product:the ending inventory=625 4.The cost of goods available for sale=ending inventory+the cost of goods=80,000+200,000*500%=80,000+1,000,000=1,080,000 5.（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）=18828 Chapter 4 1.（a）second-year depreciation=（114,

3、000 5,700）/5=21,660;（b）second-year depreciation=8,600*（114,000 5,700）/36,100=25,800;（c）first-year depreciation=114,000*40%=45,600 second-year depreciation=（114,000 45,600）*40%=27,360;（d）second-year depreciation=（114,000 5,700）*4/15=28,880.2.（a）weighted-average accumulated expenditures（2008）=75,000*1

4、2/12+84,000*9/12+180,000*8/12+300,000*7/12+100,000*6/12=483,000 （b）interest capitalized during 2008=60,000*12%+（483,000 60,000）*10%=49,500 3.（1）depreciation expense=30,000 （2）book value=600,000 30,000*2=540,000 （3）depreciation expense=（600,000 30,000*8）/16=22,500 （4）book value=600,000 30,000*8 22,50

5、0=337,500 4.Situation 1:Jan 1st,2008 Investment in M 260,000 Cash 260,000 June 30 Cash 6000 Dividend revenue 6000 Situation 2:January 1,2008 Investment in S 81,000 Cash 81,000 June 15 Cash 10,800 Investment in S 10,800 December 31 Investment in S 25,500 Investment Revenue 25,500 5.a.December 31,2008

6、 Investment in K 1,200,000 Cash 1,200,000 June 30,2009 Dividend Receivable 42,500 Dividend Revenue 42,500 December 31,2009 Cash 42,500 Dividend Receivable 42,500 b.December 31,2008 Investment in K 1,200,000 Cash 1,200,000 December 31,2009 Cash 42,500 Investment in K 42,500 Investment in K 146,000 In

7、vestment revenue 146,000 c.In a,the investment amount is 1,200,000 net income reposed is 42,500 In b,the investment amount is 1,303,500 Net income reposed is 146,000 Chapter 5 1.a.June 1:Dr:Inventory 198,000 Cr:Accounts Payable 198,000 June 11:Accounts Payable 198,000 Cr:Notes Payable 198,000 June 1

8、2:Cash 300,000 Cr:Notes Payable 300,000 b.Dr:Interest Expenses（for notes on June 11）12,100 Cr:Interest Payable 12,100 Dr:Interest Expenses（for notes on June 12）8,175 Cr:Interest Payable 8,175 c.Balance sheet presentation:Notes Payable 498,000 Accrued Interest on Notes Payable 20,275 d.For Green:Note

9、s Payable 198,000 Interest Payable 12,100 Interest Expense 7,700 Cr:Cash 217,800 For Western:Notes Payable 300,000 Interest Payable 8,175 Interest Expense 18,825 Cr:Cash 327,000 2.（1）20 8 Deferred income tax is a liability 2,400 Income tax payable 21,600 20 9 Deferred income tax is an asset 600 Inco

10、me tax payable 26,100（2）20 8:Tax expense 24,000 Cr:Income tax payable 21,600 Deferred income tax 2,400 20 9:Tax expense 25,500 Deferred income tax 600 Cr:Income tax payable 26,100（3）20 8:Income statement:tax expense 24,000 Balance sheet:income tax payable 21,600 20 9:tax expense 25,500 Balance sheet

11、:income tax payable 26,100 3.a.1,560,000（20000000*12%*（1-35%）b.7.8%（20000000*12%*（1-35%）/20000000）4.maturity value number of interest periods stated rate per interest-period effective interest rate per interest-period payment amount per period present value of bonds at date of issue 1$10 40 3.75%3%$

12、0.375$11.73 2 20 10 10%12%2 17.74 3 25 10 0%12%0 8.05 5.Notes Payable 14,400 Interest Payable 1,296 Accounts Payable 60,000+Unearned Rent Revenue 7,200 Current Liabilities 82,896 Chapter 6 1.Mar.1 Cash 1,200,000 Common Stock 1,000,000 Paid-in Capital in Excess of Par Value 200,000 Mar.15 Organizatio

13、n Expense 50,000 Common Stock 50,000 Mar.23 Patent 120,000 Common Stock 100,000 Paid-in Capital in Excess of Par Value 20,000 The value of the patent is not easily determinable,so use the issue price of$12 per share on March 1 which is the issuing price of common stock.2.July.1 Treasury Stock 180,00

14、0 Cash 180,000 The cost of treasury purchased is 180,000/30,000=60 per share.Nov.1 Cash 70,000 Treasury Stock 60,000 Paid-in Capital from Treasury Stock 10,000 Sell the treasury at the cost of$60 per share,and selling price is$70 per share.The treasury stock is sold above the cost.Dec.20 Cash 75,000

15、 Paid-in Capital from Treasury Stock 15,000 Treasury Stock 90,000 The cost of treasury is$60 per share while the selling price is$50 which is lower than the cost.3.a.July 1 Retained Earnings 24,000 Dividends PayablePreferred Stock 24,000 b.Sept.1 Dividends PayablePreferred Stock 24,000 Cash 24,000 c

16、.Dec.1 Retained Earnings 80,000 Dividends PayableCommon Stock 80,000 d.Dec.31 Income Summary 350,000 Retained Earnings 350,000 4.a.Preferred stock gives its owner certain advantages over common stockholders.These benefits include the right to receive dividends before the common stockholders and the

17、right to receive assets before the common stockholders if the corporation liquidates.Corporation pay a fixed amount of dividends on preferred stock.The 7%cumulative term indicates that the investors earn 7%fixed dividends.b.7%*120%*20,000=504,000 c.If corporation issued debt,it has obligation to rep

18、ay principal d.The date of declaration decrease the stockholders equity;the date of record and the date of payment have no effect on stockholders.5.a.Jan.15 Retained Earnings 35,000 Accumulated Depreciation 35,000 To correct error in prior years depreciation.b.Mar.20 Loss from Earthquake 70,000 Buil

19、ding 70,000 c.Mar.31 Retained Earnings 12,500 Dividends Payable 12,500 d.Apirl.15 Dividends Payable 12,500 Cash 12,500 e.June 30 Retained Earnings 37,500 Common Stock 25,000 Additional Paid-in Capital 12,500 To record issuance of 10%stock dividend:10%*25,000=2,500 shares;2500*$15=$37,500 f.Dec.31 De

20、preciation Expense 14,000 Accumulated Depreciation 14,000 Original depreciation:$40,000/40=$10,000 per year.Book value on Jan.1,2009 is$350,000（=$400,000-5*$10,000）.Deprecation for 2009 is$14,000（=$350,000/25）.g.The company does not need to make entry in the accounting records.But the amount of Comm

21、on Stock（$10 par value）decreases 275,000,while the amount of Common Stock（$5 par value）increases 275,000.Chapter 7 1.Requirement 1 If revenue is recognized at the date of delivery,the following journal entries would be used to record the transactions for the two years:Year 1 Inventory 480,000 Cash/A

22、ccounts payable 480,000 To record purchase of inventory Inventory 124,000 Cash/Accounts payable 124,000 To record refurbishment of inventory Accounts receivable 310,000 Sales revenue 310,000 To record sale of goods on account Cost of goods sold 220,000 Inventory 220,000 To record the cost of the goo

23、ds sold as an expense Sales returns（I/S）15,500*Allowance for sales returns（B/S）15,500 To record provision for return of goods sold under 30-day return period*5%of$310,000 Warranty expense 31,000*Provision for warranties（B/S）31,000 To record provision,at time of sale,for warranty expenditures*10%of$3

24、10,000 Allowance for sales returns 12,400 Accounts receivable 12,400 To record return of goods within 30-day return period.It is assumed the returned goods have no value and are disposed of.Provision for warranties（B/S）18,600 Cash/Accounts payable 18,600 To record expenditures in year 1 for warranty

25、 work Cash 297,600*Accounts receivable 297,600 To record collection of Accounts Receivable*$310,000$12,400 Year 2 Provision for warranties（B/S）8,400 Cash/Accounts payable 8,400 To record expenditures in year 2 for warranty work Requirement 2 If revenue is recognized only when the warranty period has expired,the following journal entries would be used to record the transactions for the two years:Year 1 Inventory 480,0