毕晓方改编+《财务会计》的课后习题答案第二章习题答案.doc 7页

'SolutiongsofCh.22-1AccountAccountNumberAccountsPayable21AccountsReceivable12Cash11CoreyKrum,Capital31CoreyKrum,Drawing32FeesEarned41Land13MiscellaneousExpense53SuppliesExpense52WagesExpense512-2BalanceSheetAccountsIncomeStatementAccounts1.Assets11Cash12AccountsReceivable13Supplies14PrepaidInsurance15Equipment2.Liabilities21AccountsPayable22UnearnedRent3.Owner"sEquity31MillardFillmore,Capital32MillardFillmore,Drawing4.Revenue41FeesEarned5.Expenses51WagesExpense52RentExpense53SuppliesExpense59MiscellaneousExpense Note:Theorderofsomeoftheaccountswithinthemajorclassificationsissomewhatarbitrary,asinaccounts13–14andaccounts51–53.Inanewbusiness,theorderofmagnitudeofbalancesinsuchaccountsisnotdeterminableinadvance.Themagnitudemayalsovaryfromperiodtoperiod.2-3a.andb.AccountDebitedAccountCreditedTransactionTypeEffectTypeEffect(1)asset+owner"sequity+(2)asset+asset–(3)asset+asset–liability+(4)expense+asset–(5)asset+revenue+(6)liability–asset–(7)asset+asset–(8)drawing+asset–(9)expense+asset– Ex.2–4(1)Cash40,000IraJanke,Capital40,000(2)Supplies1,800Cash1,800(3)Equipment24,000AccountsPayable15,000Cash9,000(4)OperatingExpenses3,050Cash3,050(5)AccountsReceivable12,000ServiceRevenue12,000(6)AccountsPayable7,500Cash7,500(7)Cash9,500AccountsReceivable9,500(8)IraJanke,Drawing5,000Cash5,000(9)OperatingExpenses1,050Supplies1,0502-51.debitandcredit(c)2.debitandcredit(c)3.debitandcredit(c)4.creditonly(b)5.debitonly(a)6.debitonly(a)7.debitonly(a)2-6a.Liability—creditf.Revenue—creditb.Asset—debitg.Asset—debitc.Asset—debith.Expense—debitd.Owner"sequityi.Asset—debit(CindyYost,Capital)—creditj.Expense—debite.Owner"sequity(CindyYost,Drawing)—debit 2-7a.creditg.debitb.credith.debitc.debiti.debitd.creditj.credite.debitk.debitf.creditl.credit2-8a.Debit(negative)balanceof$1,500($10,500–$4,000–$8,000).SuchanegativebalancemeansthattheliabilitiesofSeth’sbusinessexceedtheassets.b.Yes.ThebalancesheetpreparedatDecember31willbalance,withSethFite,Capital,beingreportedintheowner’sequitysectionasanegative$1,500.2-9a.Theincreaseof$28,750inthecashaccountdoesnotindicateearningsofthatamount.Earningswillrepresentthenetchangeinallassetsandliabilitiesfromoperatingtransactions.b.$7,550($36,300–$28,750)2-10a.$40,550($7,850+$41,850–$9,150)b.$63,000($61,000+$17,500–$15,500)c.$20,800($40,500–$57,700+$38,000)2-112005Aug.1RentExpense1,500Cash1,5002AdvertisingExpense700Cash7004Supplies1,050Cash1,0506OfficeEquipment7,500AccountsPayable7,500 8Cash3,600AccountsReceivable3,60012AccountsPayable1,150Cash1,15020GayleMcCall,Drawing1,000Cash1,00025MiscellaneousExpense500Cash50030UtilitiesExpense195Cash19531AccountsReceivable10,150FeesEarned10,15031UtilitiesExpense380Cash3802-12a.JOURNALPage43Post.DateDescriptionRef.DebitCredit2006Oct.27Supplies151,320AccountsPayable211,320Purchasedsuppliesonaccount.b.,c.,d.Supplies15Post.BalanceDateItemRef.Dr.Cr.Dr.Cr.2006Oct.1Balanceü58527431,3201,905AccountsPayable212006Oct.1Balanceü6,15027431,3207,470 2-13Inequalityoftrialbalancetotalswouldbecausedbyerrorsdescribedin(b)and(d).2-14ESCALADECO.TrialBalanceDecember31,2006Cash13,375AccountsReceivable24,600PrepaidInsurance8,000Equipment75,000AccountsPayable11,180UnearnedRent4,250ErinCapelli,Capital82,420ErinCapelli,Drawing10,000ServiceRevenue83,750WagesExpense42,000AdvertisingExpense7,200MiscellaneousExpense1,425181,600181,6002-15a.GeraldOwen,Drawing15,000WagesExpense15,000b.PrepaidRent4,500Cash4,5002-16题目的资料不全,答案略.2-17a.KMARTCORPORATIONIncomeStatementFortheYearsEndingJanuary31,2000and1999(inmillions)Increase(Decrease)20001999AmountPercent1.Sales$37,028$35,925$1,1033.1%2.Costofsales(29,658)(28,111)1,5475.5% 3.Selling,general,andadmin.expenses(7,415)(6,514)90113.8%4.Operatingincome(loss)beforetaxes$(45)$1,300$(1,345)(103.5%)b.ThehorizontalanalysisofKmartCorporationrevealsdeterioratingoperatingresultsfrom1999to2000.Whilesalesincreasedby$1,103million,a3.1%increase,costofsalesincreasedby$1,547million,a5.5%increase.Selling,general,andadministrativeexpensesalsoincreasedby$901million,a13.8%increase.Theendresultwasthatoperatingincomedecreasedby$1,345million,overa100%decrease,andcreateda$45millionlossin2000.Littleoverayearlater,Kmartfiledforbankruptcyprotection.Ithasnowemergedfrombankruptcy,hopingtoreturntoprofitability.'