会计学基础第三章答案

1、Ex. 33Nov. 1 Cash.120,000Capital Stock.120,000Issued stock in exchange for cash.8 Land.70,000Building.58,600Cash.33,600Notes Payable.95,000Purchased land and building, by paying $33,600 cash and issuing a note payable for the remaining balance.15 Office Equipment.3,200Accounts Payable.3,200Purchased

2、 office equipment on account.21 Accounts Payable.480Office Equipment.480Returned some of the office equipment purchased on November 15.25 Notes Payable.12,000Cash.12,000Paid note payable.30 Vehicles.9,400Cash.1,400Notes Payable.8,000Purchased vehicles by paying $1,400 cash and issuing a note payable

3、 for the remaining balance.Ex. 34AVENSON INSURANCE COMPANYTrial BalanceNovember 30, 20_Cash .$ 73,000Land.70,000Building .58,600Office equipment.2,720Vehicles .9,400Notes payable.$ 91,000Accounts payable.2,720Capital stock .120,000$213,720$213,720Ex. 313 a.July18 Cash .1,500Capital Stock.1,500Issued

4、 500 shares of capital stock to Patrick Donegan at $3 per share.July22 Office Supplies. 100Accounts Payable.100Purchased office supplies on account.July23 Mowing Equipment.2,000Cash .400Notes Payable .1,600Purchased mowing equipment paying $400 cash and issuing a $1,600 note payable for the balance.

5、July24 Fuel Expense.25Cash .25Paid for gasoline to be used in July.July25 Accounts Receivable . 150Mowing Revenue.150Billed Lost Creek Cemetery for mowing services. Payment is due July 30.July26 Accounts Receivable . 200Mowing Revenue.200Billed Golf View Condominiums for mowing services. Payment is

6、due August 1.July30 Cash. 150Accounts Receivable .150Collected amount due from Lost Creek Cemetery for mowing services provided July 25.July31 Salaries Expense.80Cash .80Paid salary to Teddy Grimm for work performed in July.30 Minutes, MediumPROBLEM 31HEARTLAND CONSTRUCTION a.General Journal 20_Feb.

7、1 Cash5 0 0 0 0 0Capital Stock5 0 0 0 0 0Issued 25,000 shares of Capital Stock.10 Land1 0 0 0 0 0Office Building2 0 0 0 0 0Cash6 0 0 0 0Notes Payable2 4 0 0 0 0Purchased land and office building.16 Computer Systems1 2 0 0 0Cash1 2 0 0 0Purchased computer system.18 Office Furnishings9 0 0 0Cash1 0 0

8、0Accounts Payable8 0 0 0Purchased office furnishings.22 Office Supplies3 0 0Cash3 0 0Purchased office supplies.23 Accounts Receivable 3 6Computer Systems 3 6Purchased computer system.27 Accounts Payable4 0 0 0Cash4 0 0 0Made payment on an account payable. 28 Cash3 6Accounts Receivable3 6Collected ca

9、sh refunded by PC World.b.TransactionAssets=Liabilities+Owners EquityFeb. 1+ $500,000 (Cash)$0+ $500,000 (Capital Stock)Feb. 10+ $100,000 (Land)+ $240,000 (Notes Payable)$0+ $200,000 (Office Building) $60,000 (Cash)Feb. 16+ $12,000 (Computer Systems)$0$0 $12,000 (Cash)Feb. 18+ $9,000 (Office Furnish

10、ings)+ $8,000 (Accounts Payable)$0 $1,000 (Cash)Feb. 22+ $300 (Office Supplies)$0$0 $300 (Cash)Feb. 23+ $36 (Accounts Receivable)$0$0 $36 (Computer Systems)Feb. 27 $4,000 (Cash)- $4,000 (Accounts Payable)$0Feb. 28+ $36 (Cash)$0$0 $36 (Accounts Receivable)30 Minutes, MediumPROBLEM 32ENVIRONMENTAL SER

11、VICES, INC.a.(1) (a) The asset Accounts Receivable was increased. Increases in assets are recorded by debits. Debit Accounts Receivable, $2,500.(b) Revenue has been earned. Revenue increases owners equity. Increases in owners equity are recorded by credits. Credit Testing Service Revenue, $2,500.(2)

12、 (a) The asset Testing Supplies was increased. Increases in assets are recorded by debits. Debit Testing Supplies, $3,800.(b) The asset Cash was decreased. Decreases in assets are recorded by credits. Credit Cash, $800.(c) The liability Accounts Payable was increased. Increases in liabilities are re

13、corded by credits. Credit Accounts Payable, $3,000.(3) (a) The liability Accounts Payable was decreased. Decreases in liabilities are recorded by debits. Debit Accounts Payable, $100.(b) The asset Testing Supplies was decreased. Decreases in assets are recorded by credits. Credit Testing Supplies, $

14、100.(4) (a) The asset Cash was increased. Increases in assets are recorded by debits. Debit Cash, $20,000.(b) The owners equity account Capital Stock was increased. Increases in owners equity are recorded by credits. Credit Capital Stock, $20,000.(5) (a) The asset Cash was increased. Increases in as

15、sets are recorded by debits. Debit Cash, $600.(b) The asset Accounts Receivable was decreased. Decreases in assets are recorded by credits. Credit Accounts Receivable, $600.(6) (a) The liability Accounts Payable was decreased. Decreases in liabilities are recorded by debits. Debit Accounts Payable,

16、$2,900 ($3,800 - $800 - $100).(b) The asset Cash was decreased. Decreases in assets are recorded by credits. Credit Cash, $2,900.(7) (a) The Dividends account was increased. Dividends decrease the owners equity account Retained Earnings. Decreases in owners equity are recorded by debits. Debit Divid

17、ends, $6,800.(b) The asset Cash was decreased. Decreases in assets are recorded by credits. Credit Cash, $6,800.PROBLEM 32ENVIRONMENTAL SERVICES, INC. (continued) b.General Journal 20_(1)Aug.1 Accounts Receivable2 5 0 0Testing Service Revenue2 5 0 0Billed customers for services rendered.(2)3 Testing

18、 Supplies3 8 0 0Cash8 0 0Accounts Payable3 0 0 0Purchased testing supplies.(3)5 Accounts Payable1 0 0Testing Supplies1 0 0Returned portion of testing supplies puchased on Aug. 3.(4)17 Cash2 0 0 0 0Capital Stock 2 0 0 0 0Issued 2,500 shares of capital stock at $8 per share. (5)22 Cash 6 0 0Accounts R

19、eceivable 6 0 0Received partial payment for services billed on Aug. 1. (6)29 Accounts Payable2 9 0 0Cash2 9 0 0Paid outstanding balance owed for testing suppliespurchased on Aug. 3.(7)30 Dividends6 8 0 0Cash6 8 0 0Declared and paid a cash dividend.PROBLEM 32ENVIRONMENTAL SERVICES, INC. (concluded)c.

20、The realization principle requires that revenue be recorded when it is earned, even if cash for the goods or services provided has not been received.d.The matching principle requires that revenue earned during an accounting period be matched (offset) with expenses incurred in generating this revenue

21、. Testing supplies are recorded as an asset when they are first purchased. As these supplies are used in a particular accounting period, their cost will be matched against the revenue earned in that period.35 Minutes, MediumPROBLEM 33WEIDA SURVEYING, INC.a.Income StatementBalance SheetTransaction Re

22、venue Expenses =Net IncomeAssets = Liabilities +OwnersEquity Sept. 1NEIDDNED Sept. 3INEIINEI Sept. 9INEIINEI Sept. 14NEIDNEID Sept. 25NENENENENENE Sept. 26INEIINEI Sept. 29NENENEDDNE Sept. 30NENENEDNEDPROBLEM 33WEIDA SURVEYING, INC. (concluded)b.General Journal Sept. 1 Rent Expense4 4 0 0Cash4 4 0 0

23、Paid September rent.3 Accounts Receivable5 6 2 0Surveying Revenue5 6 2 0Billed Fine Line Homes for surveying services.9 Cash 2 8 3 0Surveying Revenue 2 8 3 0Collected cash from Sunset Ridge Development forservices provided.14 Advertising Expense 1 6 5Accounts Payable 1 6 5Placed ad in the newspaper

24、to be published on Sept. 20.Total amount due in 30 days.25 Cash 5 6 2 0Accounts Receivable 5 6 2 0Received payment from Fine Line Homes for servicesbilled on Sept. 3.26 Cash4 0 0Accounts Receivable1 4 9 0Surveying Revenue1 8 9 0Collected partial payment from Thompson and billedremainder.29 Accounts

25、Payable1 6 5Cash1 6 5Paid newspaper for advertisement published on Sept. 20.30 Dividends7 6 0 0Cash7 6 0 0Declared and paid a cash dividend.c.Three situations in which a cash payment does not involve an expense include: (1) the payment of a cash dividend, (2) the payment of a liability for a previou

26、sly recorded expense, and (3) the purchase of an asset, including expenses paid in advance such as insurance, rent, and advertising.50 Minutes, StrongPROBLEM 34AERIAL VIEWSa.Income StatementBalance SheetTransaction Revenue Expenses =Net IncomeAssets = Liabilities +OwnersEquity June 1NENENEINEI June

27、2NENENEIINE June 4NEIDDNED June 15INEIINEI June 15NEIDDNED June 18NEIDDNED June 25NENENENENENE June 30INEIINEI June 30NEIDDNED June 30NEIDNEID June 30NENENENEIDPROBLEM 34AERIAL VIEWS (continued) b.General Journal 2005 June1 Cash 6 0 0 0 0Capital Stock 6 0 0 0 0Issued stock to Wendy Winger.2 Aircraft

28、2 2 0 0 0 0 Cash 4 0 0 0 0Notes Payable1 8 0 0 0 0Purchased plane from Utility Aircraft.4 Rent Expense 2 5 0 0Cash 2 5 0 0Paid office and hangar rent for June.15 Accounts Receivable 8 3 2 0Aerial Photography Revenue 8 3 2 0Billed customers for first half of June.15 Salaries Expense5 8 8 0Cash5 8 8 0

29、Paid salaries for first half of June.18 Maintenance Expense1 8 9 0Cash1 8 9 0Paid Hannigans Hangar for repair services.25 Cash4 9 1 0 Accounts Receivable 4 9 1 0Collected portion of amount billed to customers.30 Accounts Receivable1 6 4 5 0Aerial Photography Revenue1 6 4 5 0Billed customers for serv

30、ices rendered through month-end.30 Salaries Expense 6 0 0 0Cash 6 0 0 0Paid salaries through month-end.30 Fuel Expense2 5 1 0Accounts Payable2 5 1 0Received bill for fuel used during June.30 Dividends2 0 0 0Dividends Payable2 0 0 0Declared dividend payable July 15.PROBLEM 34AERIAL VIEWS (continued)c

31、.CashDateExplanationDebitCreditBalance2005 June16 0 0 0 06 0 0 0 024 0 0 0 02 0 0 0 042 5 0 01 7 5 0 0155 8 8 01 1 6 2 0181 8 9 09 7 3 0254 9 1 01 4 6 4 0306 0 0 08 6 4 0 Accounts ReceivableDateExplanationDebitCreditBalance2005 June158 3 2 08 3 2 0254 9 1 03 4 1 0301 6 4 5 01 9 8 6 0AircraftDateExpl

32、anationDebitCreditBalance2005 June 22 2 0 0 0 02 2 0 0 0 0Notes PayableDateExplanationDebitCreditBalance2005 June21 8 0 0 0 01 8 0 0 0 0Accounts PayableDateExplanationDebitCreditBalance2005 June302 5 1 02 5 1 0PROBLEM 34AERIAL VIEWS (continued)Dividends PayableDateExplanationDebitCreditBalance2005 J

33、une 30 2 0 0 0 2 0 0 0Capital StockDateExplanationDebitCreditBalance2005 June1 6 0 0 0 06 0 0 0 0DividendsDateExplanationDebitCreditBalance2005 June 302 0 0 02 0 0 0 Aerial Photography RevenueDateExplanationDebitCreditBalance2005 June 15 8 3 2 08 3 2 0301 6 4 5 02 4 7 7 0Maintenance ExpenseDateExpla

34、nationDebitCreditBalance2005 June 181 8 9 01 8 9 0PROBLEM 34AERIAL VIEWS (continued)Fuel ExpenseDateExplanationDebitCreditBalance2005June 302 5 1 02 5 1 0 Salaries ExpenseDateExplanationDebitCreditBalance2005June 155 8 8 05 8 8 0306 0 0 01 1 8 8 0Rent ExpenseDateExplanationDebitCreditBalance2005June

35、42 5 0 02 5 0 0 PROBLEM 34AERIAL VIEWS (continued)d.AERIAL VIEWSTrial BalanceJune 30, 2005 Cash$8 6 4 0 Accounts receivable1 9 8 6 0 Aircraft2 2 0 0 0 0 Notes payable$ 1 8 0 0 0 0 Accounts payable2 5 1 0 Dividends payable2 0 0 0 Capital stock6 0 0 0 0 Retained earnings0 Dividends2 0 0 0 Aerial photo

36、graphy revenue2 4 7 7 0 Maintenance expense1 8 9 0 Fuel expense2 5 1 0 Salaries expense1 1 8 8 0 Rent expense2 5 0 0$ 2 6 9 2 8 0$ 2 6 9 2 8 0PROBLEM 34AERIAL VIEWS (concluded)e. Total assets: Cash$8 6 4 0Accounts receivable1 9 8 6 0Aircraft2 2 0 0 0 0Total assets$ 2 4 8 5 0 0 Total liabilities:Note

37、s payable$ 1 8 0 0 0 0Accounts payable2 5 1 0Dividends payable2 0 0 0Total liabilities$ 1 8 4 5 1 0 Total stockholders equity:Total assets - total liabilities ($248,500 - $184,510)$6 3 9 9 0 (Alternate computationnet all owners equity accounts, permanent and temporary:$60,000 $2,000 $24,770 $1,890 $

38、2,510 $11,880 $2,500) The above figures are most likely not the amounts to be reported in the balance sheet dated June 30. The accounting cycle includes adjustments that must be made to the trial balance figures before financial statements are prepared. The adjusting process is covered in Chapter 4.

39、 60 Minutes, StrongPROBLEM 35DR. SCHEKTER, DVMa.Income StatementBalance SheetTransaction Revenue Expenses =Net IncomeAssets = Liabilities +OwnersEquity May 1NENENEINEI May 4NENENEIINE May 9NENENENENENE May 16NENENEIINE May 21NENENENENENE May 24INEIINEI May 27NEIDNEID May 28NENENENENENE May 31NEIDDNE

40、DPROBLEM 35DR. SCHEKTER, DVM (continued) b.General Journal 2005 May 1 Cash4 0 0 0 0 0Capital Stock4 0 0 0 0 0Issued 5,000 shares of capital stock.4 Land7 0 0 0 0Building1 8 0 0 0 0Cash1 0 0 0 0 0Notes Payable1 5 0 0 0 0Purchased land and building.9 Medical Instruments1 3 0 0 0 0Cash1 3 0 0 0 0Purcha

41、sed medical instruments.16 Office Fixtures & Equipment5 0 0 0 0Cash2 0 0 0 0Accounts Payable3 0 0 0 0Purchased fixtures and equipment.21 Office Supplies5 0 0 0Cash5 0 0 0Purchased office supplies.24 Cash1 9 0 0Accounts Receivable3 0 0Veterinary Service Revenue2 2 0 0Recorded veterinary service r

42、evenue earned.27 Advertising Expense4 0 0Accounts Payable4 0 0Recorded advertising expense incurred in May.28 Cash1 0 0Accounts Receivable1 0 0Collected cash for May 24 services.31 Salary Expense2 8 0 0Cash2 8 0 0Paid May salary expense.PROBLEM 35DR. SCHEKTER, DVM (continued) c.CashNotes PayableMay

43、1400,000May 4100,000May 4150,000May 241,900May 9130,000May 28100May 1620,000May 31 Bal.150,000May 215,000May 312,800May31 Bal.144,200Accounts ReceivableAccounts PayableMay 24300May 28100May 1630,000May 27400May 31 Bal.200May 31 Bal.30,400Office SuppliesCapital StockMay 215,000May 1400,000May 31 Bal.

44、5,000May 31 Bal.400,000Medical InstrumentsVeterinary Service RevenueMay 9130,000May 242,200May 31 Bal.130,000May 31 Bal.2,200Office Fixtures & EquipmentAdvertising ExpenseMay 1650,000May 27400May 31 Bal.50,000May 31 Bal.400LandSalary ExpenseMay 470,000May 312,800May 31 Bal.70,000May 31 Bal.2,800

45、BuildingMay 4180,000May 31 Bal.180,000PROBLEM 35DR. SCHEKTER, DVM (continued)d.DR. SCHEKTER, DVMTrial BalanceMay 31, 2005 Cash$ 1 4 4 2 0 0 Accounts receivable 2 0 0 0 Office supplies 5 0 0 0 Medical instruments1 3 0 0 0 0 Office fixtures & equipment5 0 0 0 0 Land7 0 0 0 0 Building1 8 0 0 0 0 Notes payable$ 1 5 0 0 0 0 Accounts payable3 0 4 0 0 Capital stock4 0 0 0 0 0 Retained earnings0 Veterinary service revenue 2 2 0 0 Advertising expense 4 0 0 Salary expense2 8 0 0$ 5 8 2 6 0 0$ 5 8 2 6 0 0PROBLEM 35DR. SCHEKTER