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.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
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