财务会计学第八版课后答案.docx
《财务会计学第八版课后答案.docx》由会员分享,可在线阅读,更多相关《财务会计学第八版课后答案.docx(46页珍藏版)》请在冰点文库上搜索。
财务会计学第八版课后答案
课后习题
Chapter1
随堂练习:
1—241—25
课后练习:
1—32
Chapter2
随堂练习:
2—352—38
课后练习:
2—36
Chapte3
随堂练习:
3—183—213—273—303—313—373—39
课后练习:
3—36
Chapte4
随堂练习:
4—284—294—304—35
课后练习:
4—42
Chapter5
随堂练习:
5—375—385—395—41
课后练习:
5—58
Chapter6
随堂练习:
6—316—536—62
课后练习:
6—346—406—54256页problem1&2(此答案书后有)
6—846—86
Chapter7
随堂练习:
7—427—437—58
课后练习:
7—28
Chapter8
随堂练习:
8—338—32
课后练习:
8—44
Chapter9
随堂练习:
9—269—289—299—459—57
课后练习:
9—499—58
Chapter10:
无
Chapter11
随堂练习:
11—52
课后练习:
11—4311—4611—47
Chapter12
随堂练习:
12—2712—28
课后练习:
12—3112—4012—41
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
Chapter1
1-24
ALBANYCORPORATION
BalanceSheet
March31,20X1
Liabilitiesand
AssetsStockholders'Equity
Cash$6,000(a)Liabilities:
Accountsreceivable14,000Accountspayable$11,000(f)
Notesreceivable2,000Notespayable10,000
Merchandiseinventory43,000(b)Long-termdebt32,000(g)
Furnitureandfixtures2,000(c)Totalliabilities53,000
Machineryandequipment27,000(d)Stockholders'equity:
Land31,000(e)Paid-incapital92,000(h)
Building20,000
Total$145,000Total$145,000
(a)Cash:
10,000+1,000–5,000=6,000
(b)Merchandiseinventory:
40,000+3,000=43,000
(c)Furnitureandfixtures:
3,000–1,000=2,000
(d)Machineryandequipment:
15,000+12,000=27,000
(e)Land:
6,000+25,000=31,000
(f)Accountspayable:
8,000+3,000=11,000
(g)Long-termdebt:
12,000+20,000=32,000
(h)Paid-incapital:
80,000+12,000=92,000
Note:
Event5requiresnochangeinthebalancesheet.
1-25
BROADWAYCORPORATION
BalanceSheet
November30,20X1
Liabilitiesand
Liabilitiesand
AssetsStockholders’Equity
Cash$13,000(a)Liabilities:
Accountsreceivable16,000(b)Accountspayable$10,000(e)
Notesreceivable8,000Notespayable31,000(f)
Merchandiseinventory29,000Long-termdebt119,000(g)
Furnitureandfixtures8,000Totalliabilities160,000
Machineryandequip.34,000(c)Stockholders’equity:
Land35,000(d)Paid-inCapital213,000(h)
Building230,000
Total$373,000Total$373,000
(a)Cash:
22,000–6,000–3,000=13,000
(b)Accountsreceivable:
10,000+6,000=16,000
(c)Machineryandequipment:
20,000+14,000=34,000
(d)Land:
41,000–6,000=35,000
(e)Accountspayable:
16,000–6,000=10,000
(f)Notespayable:
20,000+(14,000–3,000)=31,000
(g)Long-termdebt:
142,000–23,000=119,000
(h)Paid-incapital:
190,000+23,000=213,000
Note:
Event4requiresnochangeinthebalancesheet.
Chapter2
(无答案)
Chapter3
3-36
(30-45min.)Answersareinthousandsofdollars.
1.a.Inventory550
Accountspayable550
Acquisitionofinventories
b.Accountsreceivable800
Sales800
Salesonaccount
c.Costofgoodssold440
Inventory440
Costofinventorysold
d.Cash80
Notepayable80
Borrowedfromasupplieron
June1,20X8.Four-yearnote,
interestat15%,andprincipal
payableatendoffouryears
e.Prepaidrent25
Cash25
Paidrentinadvance
f.Wagesexpense165
Cash165
Paidwages
g.Miscellaneousexpenses76
Cash76
Paidmiscellaneousexpenses
h.Notereceivable20
Cash20
Loantoofficemanagerone-year
note,10%interest
i.Cash691
Accountsreceivable691
Collectionsonaccounts
j.Accountspayable471
Cash471
Paymentsonaccounts
k.Rentexpense26
Prepaidrent26
Toreduceprepaidrentto$3,000
l.Depreciationexpense6
Accumulateddepreciation,
storeequipment6
Depreciationfortheyear19X8
m.Wagesexpense6
Cash6
Adjustmentforwages
n.Interestexpense7
Cash7
Adjustment:
.15x$80,000x7/12
o.Cash1
Interestrevenue1
Adjustment:
.10x$20,000x6/12
2.
CashAccountsReceivableAccountsPayable
*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
(j)471NoteReceivableNotePayable
(m)6(h)20(d)80
(n)7
**24
InventoryCostofGoodsSoldPaid-inCapital
*131(c)440(c)440*40
(a)550
**241
PrepaidRentRentExpenseRetainedIncome
*4(k)26(k)26*79
(e)25
**3
StoreEquipmentDepreciationExpenseSales
*60(l)6(b)800
**60
AccumulatedDepreciation,
StoreEquipmentInterestExpenseInterestRevenue
*24(n)7(o)1
(l)6
**30
WagesExpenseMiscellaneousExpense
(f)165(g)76
(m)6
**171
*Balance12/31/X7
**Balance12/31/X8
3.CANSECOGARDENS
TrialBalance
December31,20X8
DebitsCredits
Cash$24
Accountsreceivable146
Notereceivable20
Inventory241
Prepaidrent3
Storeequipment60
Accumulateddepreciation,
storeequipment$30
Accountspayable190
Notepayable80
Paid-incapital40
Retainedincome79
Sales800
Interestrevenue1
Costofgoodssold440
Rentexpense26
Depreciation6
Interestexpense7
Miscellaneousexpenses76
Wagesexpense171
Total$1,220$1,220
Chapter4
(无答案)
Chapter5
5-39
1.Grosssales$650,000*
Deduct:
Salesreturnsandallowances$30,000
Cashdiscountsonsales20,00050,000
Netsales$600,000
*$600,000+$20,000+$30,000=$650,000
2.(a)Accountsreceivable650,000
Salesrevenue650,000
(b)Salesreturnsandallowances30,000
Accountsreceivable30,000
(c)Cash600,000
Cashdiscountsonsales20,000
Accountsreceivable620,000
5-58
(20min.)
Notethatthedataprovidefouryearsofexperiencetouseincalculatingtheproperpercentage.Salesandendingaccountsreceivablefrom20X1through20X4arematchedwithwrite-offsfor20X2through20X5.
1.Baddebtwrite-offsasapercentageofsalesprovidestheamounttobeaddedtotheallowanceaccount.Baddebtwrite-offsasapercentageofsalesare:
($12,500+$14,000+$16,500+$17,600)/($680,000+$750,000+$750,000+$850,000)=$60,600/$3,030,000=2%
Baddebtexpense,20X5=2%x$850,000=$17,000
Endingbalance,allowanceforuncollectibleaccounts
=Beginningbalance+baddebtexpense–baddebtswrittenoff
=$16,000+$17,000–$17,600
=$15,400
5-58(continued)
UseofT-accountsmighthelp:
AllowanceforUncollectibleAccounts
Writtenoff17,600
Beg.Bal.16,000
Expense17,000
End.Bal.15,400
2.Thepercentageofendingaccountsreceivablemethodprovidesthedesiredbalanceintheallowanceaccount.Theallowanceaccountbalance,asapercentageofendingaccountsreceivable,shouldbecalculatedasfollows:
($12,500+$14,000+$16,500+$17,600)/($90,000+$97,000+$103,000+$114,000)=$60,600/$404,000=15%
Endingbalance,allowanceforuncollectibleaccounts,20X5=15%x$112,000=$16,800
Beginning+baddebt–baddebt=Endingbalance
balanceexpensewriteoffs
$16,000+baddebt–$17,600=$16,800
expense
Baddebtexpense=$16,800+$17,600–$16,000=$18,400
Thecriticalissueistorealizetheallowancebalancebeforethebaddebtexpenseentryisthebeginningbalanceof$16,000lessthewrite-offsof$17,600;adebitbalanceof1,600.Theexpensemustbringthisbalancetozeroandthencreatetherequired$16,800creditbalance
Chapter6
6-31
PRAG’sJEWELRYWHOLESALERS
StatementofGrossProfit
FortheYearEndedDecember31,20X8
(InThousands)
Grosssales$1,000
Deduct:
Salesreturnsandallowances$40
Cashdiscountsonsales545
Netsales955
Costofgoodssold:
Inventory,December31,20X7$103
Add:
Grosspurchases$650
Deduct:
Purchasereturns
andallowances$27
Cashdiscountsonpurchases633
Netpurchases617
AddFreight-in50
Costofmerchandiseacquired667
Costofgoodsavailableforsale770
Deduct:
Inventory,December31,19X8170
Costofgoodssold600
Grossprofit$355
6-34
(10-15min.)
CostofGoodsAvailable=£21,300
(8,000+4,200+4,400+2,300+2,400)
LIFOEndingInventory=(4,000@2)+(1,500@2.10)=£11,150
FIFOEndingInventory=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
Weightedaverage=£21,300/10,000=£2.13perunit
Endinginventory5,500@2.13=£11,715
CostofGoodsSoldCalculation:
LIFOFIFOAverage
Goodsavailable£21,300£21,300£21,300
LessEndingInventory(11,150)(12,250)(11,715)
CostofGoodsSold£10,150£9,050£9,585
6-40
(10-15min.)
Compoundentriescouldbeprepared.(Amountsareinmillions.)
a.Salesreturnsandallowances5
Cashdiscountsonsales8
Accountsreceivable226
Sales239
b.Costofgoodssold157
Purchasereturnsandallowances6
Cashdiscountsonpurchases1
Inventory25
Purchases125
Freight-in14
c.Inventory40
Costofgoodssold40
d.Otherexpenses80
Cash80
6-53
(15-25min.)
UndertheFIFOcost-flowassumption,theperiodicandperpetualproceduresgiveidenticalresults.Theendinginventorywillbevaluedonthebasisofthelastpurchasesduringtheperiod.
Units
$
BeginningInventory
110
550
Purchases
290
2,050
Goodsavailable
400
2,600
Unitssold
255
1,485**
UnitsinendingInventory
145
1,115*
*145unitsremaininendinginventory
100willbevaluedatthe$8costfromtheOctober21purchaseandtheremaining45willbevaluedatthe$7costfromtheMay9purchase
100x$8=$800
45x$7=315
$1,115Endinginventory
**Reconciliation:
CostofGoodsSold:
255Units:
110x$5=$550
80x$6=480
65x$7=455
$1,485
6-54
(30-35min.)
1.