會(huì)計(jì)專業(yè)英語(yǔ)習(xí)題答案

4/4會(huì)計(jì)專業(yè)英語(yǔ)習(xí)題答案Chapter.1

1-1

Asinmanyethicsissues,thereisnoonerightanswer.Thelocalnewspaperreportedonthisissueintheseterms:"Thecompanycoveredupthefirstreport,andthelocalnewspaperuncoveredthecompany'ssecret.Thecompanywasforcedtonotlocatehere(CollierCounty).Itbecamepatentlyclearthatdoingtheleastthatislegallyallowedisnotenough."

1-2

1.B

2.B

3.E

4.F

5.B

6.F

7.X8.E9.X10.B

1-3

a.$96,500($25,000+$71,500)

b.$67,750($82,750–$15,000)

c.$19,500($37,000–$17,500)

1-4

a.$275,000($475,000–$200,000)

b.$310,000($275,000+$75,000–$40,000)

c.$233,000($275,000–$15,000–$27,000)

d.$465,000($275,000+$125,000+$65,000)

e.Netincome:$45,000($425,000–$105,000–$275,000)1-5

a.owner'sequity

b.liability

c.asset

d.asset

e.owner's

equityf.asset

1-6

a.Increasesassetsandincreasesowner’sequity.

b.Increasesassetsandincreasesowner’sequity.

c.Decreasesassetsanddecreasesowner’sequity.

d.Increasesassetsandincreasesliabilities.

e.Increasesassetsanddecreasesassets.

1-7

1.increase

2.decrease

3.increase

4.decrease

1-8

a.(1)Saleofcateringservicesforcash,$25,000.

(2)Purchaseoflandforcash,$10,000.

(3)Paymentofexpenses,$16,000.

(4)Purchaseofsuppliesonaccount,$800.

(5)Withdrawalofcashbyowner,$2,000.

(6)Paymentofcashtocreditors,$10,600.

(7)Recognitionofcostofsuppliesused,$1,400.

b.$13,600($18,000–$4,400)

c.$5,600($64,100–$58,500)

d.$7,600($25,000–$16,000–$1,400)

e.$5,600($7,600–$2,000)

1-9

Itwouldbeincorrecttosaythatthebusinesshadincurredanetlossof$21,750.Theexcessofthewithdrawalsoverthenetincomefortheperiodisadecreaseintheamountofowner’sequityinthebusiness.

1-10

Balancesheetitems:1,3,4,8,9,10

1-11

Incomestatementitems:2,5,6,7

1-12

MADRASCOMPANY

StatementofOwner’sEquity

FortheMonthEndedApril30,2006

LeoPerkins,capital,April1,2006$297,200Netincomeforthemonth$73,000

Lesswithdrawals12,000

Increaseinowner’sequity61,000LeoPerkins,capital,April30,2006$358,200

1-13

HERCULESSERVICES

IncomeStatement

FortheMonthEndedNovember30,2006

Feesearned$232,120Operatingexpenses:

Wagesexpense$100,100

Rentexpense35,000

Suppliesexpense4,550

Miscellaneousexpense3,150

Totaloperatingexpenses142,800Netincome$89,320

1-14

Balancesheet:b,c,e,f,h,i,j,l,m,n,o

Incomestatement:a,d,g,k

1-15

1.b–investingactivity

2.a–operatingactivity

3.c–financingactivity

4.a–operatingactivity

1-16

a.2003:$10,209($30,011–$19,802)

2002:$8,312($26,394–$18,082)

b.2003:0.52($10,209÷$19,802)

2002:0.46($8,312÷$18,082)

c.Theratioofliabilitiestostockholders’equityincreasedfrom

2002to2003,indicatinganincreaseinriskforcreditors.

However,theassetsofTheHomeDepotaremorethansufficienttosatisfycreditorclaims.

Chapter.2

2-1

Account

AccountNumber

AccountsPayable21

AccountsReceivable12

Cash11

CoreyKrum,Capital31

CoreyKrum,Drawing32

FeesEarned41

Land13

MiscellaneousExpense53

SuppliesExpense52

WagesExpense51

2-2

BalanceSheetAccountsIncomeStatementAccounts

1.Assets

11Cash

12AccountsReceivable

13Supplies

14PrepaidInsurance

15Equipment

2.Liabilities

21AccountsPayable

22UnearnedRent

3.Owner'sEquity

31Mil