會計學(甲)上 期中考(I) ch.1-ch.4 共七題
一. Multiple Choice Select the best choice to complete each statement or
answer each question below. Write the letter corresponding to your choice
in the space below.
(10%)
1. On an income statement you would expect to find all of the following
except:
a. Assets d. Net loss
b. Revenues e. All of the above
c. Net income
2. Expenses can be defined as:
a. Increases in owner's equity
b. Decreases in owner's equity
c. Outflows or using up of assets or incurrences of liabilities
from delivering or producing goods or rendering service.
d. Inflows of assets from delivering or producing goods or
redering services
e. None of the above
3. The objectivity principle states that:
a. The cost of an asset must be determined by the objectives
of the business entity.
b. All business transactions must be recorded in accord with
the FASB
c. The value of costs and expenses must be determined by the
objectives of the SEC
d. The cost of an asset must be established at values that can
be confirmed by independently verifiable evidence.
e. None of the above
4. Accountants do not recognize that the value of the dollar changes
over time, This concept is called the:
a. Objectivity principle d. Business entity concept
b. Going concern concept e. None of the above
c. Cost principle
5. The components of the balances sheet equation are:
a. Assets, revenues, and owner's equity
b. Assets, liabilities, and owner's equity
c. Investments, withdrawals, and net income
d. Revenues, expenses, and net income
e. None of the above
6. When an entity acquires office equipment for cash:
a. Assets, and woner's equity are increased
b. An asset is increased and a liability is decreased
c. One asset is increased while another is decreased
d. One asset is increased and another is also increased
e. None of the above
7. When an entity receives cash for services performed:
a. An asset is decreased
b. The owner's equity is increased
c. The owner's equity is decreased
d. Total assets remain unchanged
e. None of the above
8. When an entity pays employees for their work, the effect is an
increase in:
a. Owner's equity d. Liabilities
b. Assets e. None of the above
c. Revenues
9. The basic financial statement, which is generally prepared first,
is the:
a. Income statement
b. Statement of owner's equity
c. Balance sheet
d. Statement of cash flows
e. None of the above
10. The statement of owner's equity provides:
a. The net income to be entered on the income statement
b. The withdrawals to be entered on the balance sheet
c. The beginning capital balance to be entered on the
balance sheet
d. The amount of additional investments to be entered on the
balance sheet
e. None of the above
二. The accountants of Price Septic Service, a proprietorship, encountered
the following situations while adjusting and closing the books at
February 28. Consider each situation independently.
a. The $1,620 balance of Utilities Expense was entered as $16,200
on the trial balance.
-----> 不用做 (1) What is the name of this type of error?
(2) Assume that this is the only error in the trial balance.
Which will be greater, the total debit its or the total
credits, and by how much?
-----> 不用做 (3) How can this type of error be identified?
b. The company bookkeeper made the following entry to record a
$950 credit purchase of supplies:
Feb. 26 Equipment........... 950
Accounts Payable. 950
Prepare the correcting entry, dated February 28.
--> 不用做 c. A $690 credit to Accounts Receivable was posted as $960
(1) At what stage of the accounting cycle will this error
be detected?
(2) Describe the technique for identifying the amount
of the error.
d. The accountant failed to make the following adjusting entries
at February 28.
(1) Accrued service revenue, $900.
(2) Insurance expense, $360.
(3) Accrued interest expense on a note payable,$520.
(4) Depreciation of equipment, $3,700.
(5) Earned service revenue that had been collected in
advance, $2,700.
Compute the overall net income effect of these omissions.
Compute the overall net income effect of these omissions.
e. Record each of the adjusting entries identified in item d.
f. The revenue and expense accounts after the adjusting entries had
been posted were Service Revenue, $97,330; Wage Expense,$29,340;
Depreciation Expense, $640. Two balances prior to closing were
Eva Price, Capital, $75,150, and Eva Price, Drawing,$44,000.
Journalize the closing entries.
三. 捷安特修車店設立於79年7月1日, 以修理各種車輛為主要業務.
該店79年7月份交易事項如下:
7/1 陳先生投資現金$800,000設立捷安特修車店
7/2 以現金$80,000購入生財設備一套
7/3 現購文具用品一批$4,000
7/6 賒購修車零件一批$140,000
7/8 替永昌商店修理貨車,修理收入$80,000,約定10日後收款
7/11 償付7月6日賒購的部分貸款$40,000
7/12 替張三修車,立即收到修車收入$15,000
7/14 以遠期票據$60,000償付7月6日賒購的部分貸款
7/15 支付修理人員薪資$30,000
7/18 收到永昌商店的付款
7/20 替環宇商店修車,修車收入$60,000,約定15日後收款
7/25 支付本月電費$20,000,水費$5,000
7/31 支付修理人員薪資$30,000
試將上列交易記入日記簿
四. Listed below are the income statement accounts from the Dec. 31, 1998,
unadjusted and adjusted trial balances of the Gibbons Company.
Review the trial balances and prepare the adjusting entries that were
made on Dec. 31, 1998.
______________________________________________________________________
Dec. 31, 1998
---------------------------
Unadjusted Adjusted
Trial Balance Trial Balance
_______________________________________________________________________
Service Fees Earned...................$65,000 $65,000
Advertising Fees Earned............... 14,700 16,300
Salary Expense........................ 7,300 8,100
Office Supplies Expense............... 1,750 2,070
Insurance Expense..................... 350 410
Interest Expense...................... 600 660
Depreciation Expense.................. 1,800 2,400
_______________________________________________________________________
五. The trial balance of Fidelity Insurors at October 31,19x2, and the data
needed for the month-end adjustments follow:
Fidelity Insurors
Trial Balance
October 31, 19x2
Cash..................................... $ 1,280
Accounts receivable...................... 14,750
Prepaid rent............................. 3,100
Supplies................................. 780
Furniture................................ 22,370
Accumulated depreciation................. $ 11,640
Accounts payable......................... 1,940
Salary payable...........................
Unearned commission revenue.............. 2,290
J.W. Bailes, capital..................... 24,140
J.W. Bailes, withdralwals................ 2,900
Commission revenue....................... 8,400
Salary expense........................... 2,160
Rent expense.............................
Utilities expense........................ 340
Advertising expense...................... 730
Supplies expense......................... ________ ________
Total.................................... $ 48,410 $ 48,410
--------- ---------
--------- ---------
Adjustment data:
a. Prpaid rent still in force at October 31, $700
b. Supplies used during the month, $640
c. Depreciation for the month, $900
d. Accrued advertising expense at October 31, $320.
(Credit Accounts Payable.)
e. Accrued salary expense at October 31, $180.
f. Unearned commission revenue still unearned at October 31, $2,000
Required:
(1) Journalize the adfusting entries
(2) Prepare the adjusted trial balance
六. The accounts of Littlepage Travel Agency at December 31, 19x6, are
listed in alphabetical order.
Accounts payable...........$ 5,100 Mary Susan Littlepage, Capital,
Accounts receivable........ 6,600 December 31,19x5............ $50,300
Accumulated depreciation--- Mary Susan Littlepage,
Building................ 37,800 Withdrawals................. 47,400
Accumulated depreciation--- Note payable, long-term...... 27,800
Furniture............... 11,600 Note receivable, long-term... 4,000
Advertising expense........ 2,200 Other assets................. 3,600
Building................... 104,400 Other current assets......... 1,700
Cash....................... 6,500 Other current liabilities.... 4,700
Commission revenue......... 93,500 Prepaid insurance............ 1,100
Current portion of Prepaid rent................. 6,600
note payable............ 2,200
Current portion of Salary expense............... 24,600
note receivable......... 1,000 Salary payable............... 3,900
Depreciation expense....... 1,300 Supplies..................... 2,500
Furniture.................. 22,700 Supplies expense............. 5,700
Interest payable........... 800 Unearned commission revenue.. 5,400
Interest receivable........ 200
Required:
1. All adjustments have been journalized and posted, but the closing
entries have not yet been made. Prepare the company's classified
balance sheet in report format at December 31, 19x6. Use
captions for total assets, total liabilities, and total
liabilities and owner's equity.
2. Compute Littlepage's current ratio and debt ratio at December 31,
19x5, the current ratio was 1.52, and the debt ratio was 0.37.
Did Littlepage's ability to pay debts improve or deteriorate
during 19x6?
七. 柯氏洗衣店79年10月31日試算表如下:
柯氏洗衣店
試算表
79年10月31日
借 方 貸 方
------------ ------------
現金 $ 4,550
應收帳款 9,962
設備 50,000
應付帳款 $ 2,400
柯氏資本 70,000
柯氏往來 3,500
洗衣收入 32,600
廣告費用 1,200
薪資支出 10,000
租金支出 5,000
雜項支出 370
______________________________________
$ 84,082 $ 105,000
柯太太發現試算表不平衡, 所以逐項檢查錯誤. 結果發現以下錯誤:
1. 現金餘額計算錯誤, 少計$900
2. 應收帳款收現$2,360 貸方金額遺漏過帳
3. 柯氏提取$5,000 過帳時過至柯氏資本的貸方
4. 廣告費用$12,000 試算表抄為$1,200
5. 水電費餘額$1,578未列入試算表
試編製柯氏洗衣店79年10月31日的正確試算表