财务会计学第八版课后答案.docx

1、财务会计学第八版课后答案课后习题Chapter1随堂练习：124 125课后练习：132Chapter2随堂练习：235 238课后练习：236Chapte3随堂练习：318 321 327 330 331 337 339课后练习：336Chapte4随堂练习：428 429 430 435课后练习：442Chapter5随堂练习：537 538 539 541课后练习：558Chapter6随堂练习：631 653 662课后练习：634 640 654 256页 problem 1 & 2 （此答案书后有） 684 686Chapter7随堂练习：742 743 758课后练习：728Ch

2、apter8随堂练习：833 832课后练习：844Chapter9随堂练习：926 928 929 945 957课后练习：949 958Chapter10 ：无Chapter11随堂练习：1152 课后练习：1143 1146 1147Chapter12随堂练习：1227 1228课后练习：1231 1240 1241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。希望大家期末都努力复习争取取得好的成绩！加油！O(_)O 习题答案 Chapter11-24 ALBANY CORPORATIONBalance SheetMarch 31

3、, 20X1 Liabilities and Assets Stockholders Equity Cash $ 6,000 (a) Liabilities:Accounts receivable 14,000 Accounts payable $ 11,000 (f)Notes receivable 2,000 Notes payable 10,000Merchandise inventory 43,000 (b) Long-term debt 32,000 (g)Furniture and fixtures 2,000 (c) Total liabilities 53,000Machine

4、ry and equipment 27,000 (d) Stockholders equity:Land 31,000 (e) Paid-in capital 92,000 (h)Building 20,000 Total $145,000 Total $145,000(a) Cash: 10,000 + 1,000 5,000 = 6,000(b) Merchandise inventory: 40,000 + 3,000 = 43,000(c) Furniture and fixtures: 3,000 1,000 = 2,000(d) Machinery and equipment: 1

5、5,000 + 12,000 = 27,000(e) Land: 6,000 + 25,000 = 31,000(f) Accounts payable: 8,000 + 3,000 = 11,000(g) Long-term debt: 12,000 + 20,000 = 32,000(h) Paid-in capital: 80,000 + 12,000 = 92,000Note: Event 5 requires no change in the balance sheet.1-25 BROADWAY CORPORATIONBalance SheetNovember 30, 20X1 L

6、iabilities and Liabilities and Assets Stockholders Equity Cash $ 13,000 (a) Liabilities:Accounts receivable 16,000 (b) Accounts payable $ 10,000 (e)Notes receivable 8,000 Notes payable 31,000 (f)Merchandise inventory 29,000 Long-term debt 119,000 (g)Furniture and fixtures 8,000 Total liabilities 160

7、,000Machinery and equip. 34,000 (c) Stockholders equity:Land 35,000 (d) Paid-in Capital 213,000 (h)Building 230,000 Total $373,000 Total $373,000(a) Cash: 22,000 6,000 3,000 = 13,000(b) Accounts receivable: 10,000 + 6,000 = 16,000(c) Machinery and equipment: 20,000 + 14,000 = 34,000(d) Land: 41,000

8、6,000 = 35,000(e) Accounts payable: 16,000 6,000 = 10,000(f) Notes payable: 20,000 + (14,000 3,000) = 31,000(g) Long-term debt: 142,000 23,000 = 119,000(h) Paid-in capital: 190,000 + 23,000 = 213,000Note: Event 4 requires no change in the balance sheet.Chapter2(无答案)Chapter33-36 (30-45 min.) Answers

9、are in thousands of dollars.1. a. Inventory 550 Accounts payable 550 Acquisition of inventories b. Accounts receivable 800 Sales 800 Sales on account c. Cost of goods sold 440 Inventory 440 Cost of inventory sold d. Cash 80 Note payable 80 Borrowed from a supplier on June 1, 20X8. Four-year note, in

10、terest at 15%, and principal payable at end of four years e. Prepaid rent 25 Cash 25 Paid rent in advance f. Wages expense 165 Cash 165 Paid wages g. Miscellaneous expenses 76 Cash 76 Paid miscellaneous expenses h. Note receivable 20 Cash 20 Loan to office manager one-year note, 10 % interest i. Cas

11、h 691 Accounts receivable 691 Collections on accounts j. Accounts payable 471 Cash 471 Payments on accounts k. Rent expense 26 Prepaid rent 26 To reduce prepaid rent to $3,000 l. Depreciation expense 6 Accumulated depreciation, store equipment 6 Depreciation for the year 19X8 m. Wages expense 6 Cash

12、 6 Adjustment for wages n. Interest expense 7 Cash 7 Adjustment: .15 x $80,000 x 7/12 o. Cash 1 Interest revenue 1 Adjustment: .10 x $20,000 x 6/122. Cash Accounts Receivable Accounts Payable * 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 (

13、j) 471 Note Receivable Note Payable (m) 6 (h) 20 (d) 80 (n) 7* 24 Inventory Cost of Goods Sold Paid-in Capital * 131 (c) 440 (c) 440 * 40(a) 550 * 241 Prepaid Rent Rent Expense Retained Income * 4 (k) 26 (k) 26 * 79(e) 25 * 3 Store Equipment Depreciation Expense Sales * 60 (l) 6 (b) 800* 60Accumulat

14、ed Depreciation, Store Equipment Interest Expense Interest Revenue * 24 (n) 7 (o) 1 (l) 6 * 30 Wages Expense Miscellaneous Expense (f) 165 (g) 76 (m) 6 * 171 * Balance 12/31/X7* Balance 12/31/X83. CANSECO GARDENS Trial Balance December 31, 20X8 Debits Credits Cash $ 24Accounts receivable 146Note rec

15、eivable 20Inventory 241Prepaid rent 3Store equipment 60Accumulated depreciation, store equipment $ 30Accounts payable 190Note payable 80Paid-in capital 40Retained income 79Sales 800Interest revenue 1Cost of goods sold 440Rent expense 26Depreciation 6Interest expense 7Miscellaneous expenses 76Wages e

16、xpense 171 Total $1,220 $1,220Chapter4(无答案)Chapter55-39 1. Gross sales $650,000* Deduct: Sales returns and allowances $30,000 Cash discounts on sales 20,000 50,000 Net sales $600,000 *$600,000 + $20,000 + $30,000 = $650,0002. (a) Accounts receivable 650,000 Sales revenue 650,000 (b) Sales returns an

17、d allowances 30,000 Accounts receivable 30,000 (c) Cash 600,000 Cash discounts on sales 20,000 Accounts receivable 620,0005-58 (20 min.) Note that the data provide four years of experience to use in calculating the proper percentage. Sales and ending accounts receivable from 20X1 through 20X4 are ma

18、tched with write-offs for 20X2 through 20X5.1. Bad debt write-offs as a percentage of sales provides the amount to be added to the allowance account. Bad debt write-offs as a percentage of sales are: ($12,500 + $14,000 + $16,500 + $17,600)/($680,000 + $750,000 + $750,000 + $850,000) = $60,600/$3,030

19、,000 = 2% Bad debt expense, 20X5 = 2% x $850,000 = $17,000 Ending balance, allowance for uncollectible accounts = Beginning balance + bad debt expense bad debts written off = $16,000 + $17,000 $17,600 = $15,4005-58 (continued) Use of T-accounts might help:Allowance for Uncollectible AccountsWritten

20、off 17,600Beg. Bal. 16,000Expense 17,000End. Bal. 15,4002. The percentage of ending accounts receivable method provides the desired balance in the allowance account. The allowance account balance, as a percentage of ending accounts receivable, should be calculated as follows: ($12,500 + $14,000 + $1

21、6,500 + $17,600)/($90,000 + $97,000 + $103,000 + $114,000) = $60,600/$404,000 = 15% Ending balance, allowance for uncollectible accounts, 20X5 = 15% x $112,000 = $16,800 Beginning + bad debt bad debt = Ending balance balance expense write offs $16,000 + bad debt $17,600 = $16,800 expense Bad debt ex

22、pense = $16,800 + $17,600 $16,000 = $18,400The critical issue is to realize the allowance balance before the bad debt expense entry is the beginning balance of $16,000 less the write-offs of $17,600; a debit balance of 1,600. The expense must bring this balance to zero and then create the required $

23、16,800 credit balanceChapter 66-31 PRAGs JEWELRY WHOLESALERS Statement of Gross Profit For the Year Ended December 31, 20X8 (In Thousands)Gross sales $1,000Deduct: Sales returns and allowances $40 Cash discounts on sales 5 45Net sales 955Cost of goods sold: Inventory, December 31, 20X7 $103 Add: Gro

24、ss purchases $650 Deduct: Purchase returns and allowances $27 Cash discounts on purchases 6 33 Net purchases 617 Add Freight-in 50 Cost of merchandise acquired 667 Cost of goods available for sale 770 Deduct: Inventory, December 31, 19X8 170 Cost of goods sold 600Gross profit $3556-34 (10-15 min.) C

25、ost of Goods Available = 21,300 (8,000 + 4,200 + 4,400 + 2,300 + 2,400) LIFO Ending Inventory = (4,000 2) + (1,500 2.10) = 11,150 FIFO Ending Inventory = 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 Weighted average = 21,300/10,000 = 2.13 per unit Ending i

26、nventory 5,500 2.13 = 11,715 Cost of Goods Sold Calculation: LIFO FIFO Average Goods available 21,300 21,300 21,300 Less Ending Inventory (11,150) (12,250) (11,715) Cost of Goods Sold 10,150 9,050 9,5856-40 (10-15 min.) Compound entries could be prepared. (Amounts are in millions.) a. Sales returns

27、and allowances 5 Cash discounts on sales 8 Accounts receivable 226 Sales 239 b. Cost of goods sold 157 Purchase returns and allowances 6 Cash discounts on purchases 1 Inventory 25 Purchases 125 Freight-in 14 c. Inventory 40 Cost of goods sold 40 d. Other expenses 80 Cash 806-53 (15-25 min.) Under th

28、e FIFO cost-flow assumption, the periodic and perpetual procedures give identical results. The ending inventory will be valued on the basis of the last purchases during the period. Units $Beginning Inventory110550Purchases2902,050Goods available4002,600Units sold2551,485*Units in ending Inventory 14

29、51,115* 145 units remain in ending inventory 100 will be valued at the $8 cost from the October 21 purchase and the remaining 45 will be valued at the $7 cost from the May 9 purchase100 x $8 = $ 800 45 x $7 = 315 $1,115 Ending inventory* Reconciliation: Cost of Goods Sold: 255 Units: 110 x $5 = $ 550 80 x $6 = 480 65 x $7 = 455 $1,4856-54 (30-35 min.)1.