中级财务会计英 会计分录汇总.docx

中级财务会计英 会计分录汇总.docx

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中级财务会计英会计分录汇总

中级财务会计英会计分录汇总

考点1调整分录和结账分录

Ex.3-125—Adjustingentries.

Present,injournalform,theadjustmentsthatwouldbemadeonJuly31,2011,theendofthefiscalyear,foreachofthefollowing.

1.ThesuppliesinventoryonAugust1,2010was$7,350.Suppliescosting$20,150wereacquiredduringtheyearandchargedtothesuppliesinventory.AcountonJuly31,2011indicatedsuppliesonhandof$8,810.

2.OnApril30,aten-month,9%notefor$20,000wasreceivedfromacustomer.

*3.OnMarch1,$12,000wascollectedasrentforoneyearandanominalaccountwascredited.

Solution3-125

1.SuppliesExpense18,690

Supplies18,690

2.InterestReceivable450

InterestRevenue450

*3.RentRevenue7,000

UnearnedRevenue7,000

Ex.3-126—Adjustingentries.

ReedCo.wishestoenterreceiptsandpaymentsinsuchamannerthatadjustmentsattheendoftheperiodwillnotrequirereversingentriesatthebeginningofthenextperiod.RecordthefollowingtransactionsinthedesiredmannerandgivetheadjustingentryonDecember31,2010.（Twoentriesforeachpart.）

1.AninsurancepolicyfortwoyearswasacquiredonApril1,2010for$8,000.

2.Rentof$12,000forsixmonthsforaportionofthebuildingwasreceivedonNovember1,2010.

Solution3-126

1.PrepaidInsurance8,000

Cash8,000

InsuranceExpense3,000

PrepaidInsurance3,000

2.Cash12,000

UnearnedRent12,000

UnearnedRent4,000

RentRevenue4,000

Pr.3-133—Adjustingentriesandaccountclassification.

SelectedamountsfromTrentCompany'strialbalanceof12/31/10appearbelow:

1.AccountsPayable$160,000

2.AccountsReceivable150,000

3.AccumulatedDepreciation—Equipment200,000

4.AllowanceforDoubtfulAccounts20,000

5.BondsPayable500,000

6.Cash150,000

7.CommonStock60,000

8.Equipment840,000

9.InsuranceExpense30,000

10.InterestExpense10,000

11.MerchandiseInventory300,000

12.NotesPayable（due6/1/11）200,000

13.PrepaidRent150,000

14.RetainedEarnings818,000

15.SalariesandWagesExpense328,000

（Alloftheaboveaccountshavetheirstandardornormaldebitorcreditbalance.）

PartA.Prepareadjustingjournalentriesatyearend,December31,2010,basedonthefollowingsupplementalinformation.

a.Theequipmenthasausefullifeof15yearswithnosalvagevalue.（Straight-linemethodbeingused.）

b.Interestaccruedonthebondspayableis$15,000asof12/31/10.

c.Expiredinsuranceat12/31/10is$20,000.

d.Therentpaymentof$150,000coveredthesixmonthsfromNovember30,2010throughMay31,2011.

e.Salariesandwagesearnedbutunpaidat12/31/10,$22,000.

PartB.Indicatetheproperbalancesheetclassificationofeachofthe15numberedaccountsinthe12/31/10trialbalancebeforeadjustmentsbyplacingappropriatenumbersaftereachofthefollowingclassifications.Iftheaccounttitlewouldappearontheincomestatement,donotputthenumberinanyoftheclassifications.

a.Currentassets

b.Property,plant,andequipment

c.Currentliabilities

d.Long-termliabilities

e.Stockholders'equity

Solution3-133

PartA.

a.DepreciationExpense—Equipment（$840,000–0）÷1556,000

AccumulatedDepreciation—Equipment56,000

b.InterestExpense15,000

InterestPayable15,000

c.PrepaidInsurance10,000

InsuranceExpense（$30,000-$20,000）10,000

d.RentExpense（$150,000÷6）25,000

PrepaidRent25,000

e.SalariesandWagesExpense22,000

SalariesandWagesPayable22,000

Pr.3-134—Adjustingentries.

Datarelatingtothebalancesofvariousaccountsaffectedbyadjustingorclosingentriesappearbelow.（Theentrieswhichcausedthechangesinthebalancesarenotgiven.）Youareaskedtosupplythemissingjournalentrieswhichwouldlogicallyaccountforthechangesintheaccountbalances.

1.Interestreceivableat1/1/10was$1,000.During2010cashreceivedfromdebtorsforinterestonoutstandingnotesreceivableamountedto$5,000.The2010incomestatementshowedinterestrevenueintheamountof$5,400.Youaretoprovidethemissingadjustingentrythatmusthavebeenmade,assumingreversingentriesarenotmade.

2.Unearnedrentat1/1/10was$5,300andat12/31/10was$8,000.Therecordsindicatecashreceiptsfromrentalsourcesduring2010amountedto$40,000,allofwhichwascreditedtotheUnearnedRentAccount.Youaretopreparethemissingadjustingentry.

3.Accumulateddepreciation—equipmentat1/1/10was$230,000.At12/31/10thebalanceoftheaccountwas$270,000.During2010,onepieceofequipmentwassold.Theequipmenthadanoriginalcostof$40,000andwas3/4depreciatedwhensold.Youaretopreparethemissingadjustingentry.

4.Allowancefordoubtfulaccountson1/1/10was$50,000.Thebalanceintheallowanceaccounton12/31/10aftermakingtheannualadjustingentrywas$65,000andduring2010baddebtswrittenoffamountedto$30,000.Youaretoprovidethemissingadjustingentry.

5.Prepaidrentat1/1/10was$9,000.During2010rentpaymentsof$120,000weremadeandchargedto"rentexpense."The2010incomestatementshowsasageneralexpensetheitem"rentexpense"intheamountof$125,000.Youaretopreparethemissingadjustingentrythatmusthavebeenmade,assumingreversingentriesarenotmade.

6.Retainedearningsat1/1/10was$150,000andat12/31/10itwas$210,000.During2010,cashdividendsof$50,000werepaidandastockdividendof$40,000wasissued.Bothdividendswereproperlychargedtoretainedearnings.Youaretoprovidethemissingclosingentry.

Solution3-134

1.InterestReceivable1,400

InterestRevenue1,400

Interestrevenueperbooks$5,400

Interestrevenuereceivedrelatedto2010

（$5,000–$1,000）4,000

Interestaccrued$1,400

2.UnearnedRentRevenue37,300

RentRevenue37,300

Cashreceipts$40,000

Beginningbalance5,300

Endingbalance（8,000）

Rentrevenue$37,300

Solution3-134（cont.）

3.DepreciationExpense70,000

AccumulatedDepreciation—Equipment70,000

Endingbalance$270,000

Beginningbalance230,000

Difference40,000

Write-offattimeofsale3/4×$40,00030,000

$70,000

4.BadDebtExpense45,000

AllowanceforDoubtfulAccounts45,000

Endingbalance$65,000

Beginningbalance50,000

Difference15,000

Writtenoff30,000

$45,000

5.RentExpense5,000

PrepaidRent5,000

Rentexpense$125,000

Lesscashpaid120,000

Reductioninprepaidrentaccount$5,000

6.IncomeSummary150,000

RetainedEarnings150,000

Endingbalance$210,000

Beginningbalance150,000

Difference60,000

Cashdividends$50,000

Stockdividends40,00090,000

$150,000

Pr.3-135—Adjustingandclosingentries.

ThefollowingtrialbalancewastakenfromthebooksofFiskCorporationonDecember31,2010.

AccountDebitCredit

Cash$12,000

AccountsReceivable40,000

NoteReceivable7,000

AllowanceforDoubtfulAccounts$1,800

MerchandiseInventory44,000

PrepaidInsurance4,800

FurnitureandEquipment125,000

AccumulatedDepreciation--F.&E.15,000

AccountsPayable10,800

CommonStock44,000

RetainedEarnings55,000

Sales280,000

CostofGoodsSold111,000

SalariesExpense50,000

RentExpense12,800

Totals$406,600$406,600

Pr.3-135（cont.）

Atyearend,thefollowingitemshavenotyetbeenrecorded.

a.Insuranceexpiredduringtheyear,$2,000.

b.Estimatedbaddebts,1%ofgrosssales.

c.Depreciationonfurnitureandequipment,10%peryear.

d.Interestat6%isreceivableonthenoteforonefullyear.

*e.RentpaidinadvanceatDecember31,$5,400（originallychargedtoexpense）.

f.AccruedsalariesatDecember31,$5,800.

Instructions

（a）Preparethenecessaryadjustingentries.

（b）Preparethenecessaryclosingentries.

Solution3-135

（a）AdjustingEntries

a.InsuranceExpense2,000

PrepaidInsurance2,000

b.BadDebtExpense2,800

AllowanceforDoubtfulAccounts2,800

c.DepreciationExpense12,500

AccumulatedDepreciation--F.&E.12,500

d.InterestReceivable420

InterestRevenue420

*e.PrepaidRent5,400

RentExpense5,400

f.SalariesExpense5,800

SalariesPayable5,800

（b）ClosingEntries

Sales280,000

InterestRevenue420

IncomeSummary280,420

IncomeSummary191,500

SalariesExpense55,800

RentExpense7,400

DepreciationExpense12,500

BadDebtExpense2,800

InsuranceExpense2,000

CostofGoodsSold111,000

IncomeSummary88,920

RetainedEarnings88,920

考点2应收帐款总价净价法，坏账处理，应收票据折价

Ex.7-136—Entriesforbaddebtexpense.

Atrialbalancebeforeadjustmentincludedthefollowing:

DebitCredit

Accountsreceivable$80,000

Allowancefordoubtfulaccounts730

Sales$340,000

Salesreturnsandallowances8,000

Givejournalentriesassumingthattheestimateofuncollectiblesisdeterminedbytaking

（1）5%ofgrossaccountsreceivableand

（2）1%ofnetsales.

Solution7-136

（1）BadDebtExpense3,270

AllowanceforDoubtfulAccounts3,270

Grossreceivables$80,000

Rate5%

Totalallowanceneeded4,000

Presentallowance（730）

Adjustmentneeded$3,270

Solution7-136（cont.）

（2）BadDebtExpense3,320

AllowanceforDoubtfulAccounts3,320

Sales$340,000

Salesreturnsandallowances8,000

Netsales332,000

Rate1%

Baddebtexpense$3,320

Ex.7-137—Accountsreceivableassigned.

Accountsreceivableintheamountof$250,000wereassignedtotheFastFinanceCompanybyMarsh,Inc.,assecurityforaloanof$200,000.Thefinancecompanychargeda4%commissiononthefaceamountoftheloan,andthenotebear