台灣大學管理學院會計系
會計學原理（上）
第一次期中考（87.11.18）
一、(20%)The adjusted trial balance of KPMG CPA firm at January 31,1998,the end
of the company's final year,follows:
KPMG CPA Firm
Adjusted trial balance
January 31,1998
Cash $2,740
Accounts Receivable 47,480
Supplies 7,380
Prepaid Insurance 4,580
Equipment 127,860
Accumulated Depreciation : Equipment $56,860
Building 148,660
Accumulated Depreciation : Building 36,520
Accounts Payable 39,100
Interest Payable 4,560
Salaries Payable 1,660
Unearned Service Revenue 7,320
Note Payable,Long-term 139,800
KPMG,Capital 88,400
KPMG,Withdrawal 95,000
Service Revenue 197,100
Depreciation Expense : Equipment 13,800
Depreciation Expense : Building 7,420
Salaries Expense 59,600
Insurance Expense 10,740
Interest Expense 16,340
Utilities Expense 9,940
Property Tax Expense 6,020
Supplies Expense 13,760
_______________________
Total $571,320 $571,320
======= =======
Adjusting data at January 31,1998,which have been incorporated into the trial
balance figures above,consist of:
a. Accrued service revenue , $4,400
b. Unearned servuce revenue earned during the year , $8,360
c. Prepaid insurance expired durindg the year , $ 10,740
d. Supplies used during the year , $11,760
e. Depreciation for the year : Equipment,$13,880 ; building, $7,420
f. Accrued salaries expense, $1,660
g. Accrued interest expense, $2,560
Required:
1. Journalize the adjusting and closing entyies.
2. Prepare KPMG's income statement and statement of owner's equity for the year
ended January 31,1998,and the classified balance sheet on the date. Use the
account format for the balance sheet.
二、(20%)A review of the ledger of the Dow-Jones Company at December 31,1998,
produces the following data pertaining to the preparation of annual adjusting
entries:
a.Prepaid Insurance $12,800.The company has seperate insurance policies on its
buildings and its motor vehicles.Policy B4564 on the building was purchased
on July 1,1997,for $9,600. The policy has a term of three years.Policy /a2958
on the vehicles was purchased on January 1,1998,for $4,800.The policy has a
term of two years.
b.Notes Payabble,%50,000.This balance consists of a note for six months at ten
annual interest rate of 9%,dated sepetember 1.
c.Salaries Payable $0. There are eight salaried employees.Salaries are paid
every Friday for the current week.Five employees receive a salary of $600
each per week.December 31 is a Wednesday.Employees do not work weekends. All
All employees worked the last three days of December.
d.Unearned Subscription Revenue $49,000.The company began selling magazine
subscription in 1998 on annual basis.The selling price of a subscription is
$50.A review of subscription contracts reveals the following:
Subscription Date Number of Subscriptions
_________________ _______________________
October 1 200
November 1 300
December 1 480
___
980
===
Required:
Prepare the adjusting entries at December 31,1998
三、(20%)伯通企業在八十七年有下列交易:
9月30日 支付十二萬元為期六個月的租金，八十八年三月底到期。
12月1日 自客戶預收三萬元的現金，答應客戶自即日起為其服務三個月
試問：
1. 用記實轉虛法記錄八十七年所有應做的分錄。
2. 用記虛轉實法記錄八十七年所有應做的分錄。
3. 用以上兩種方法所編出的報表相同嗎？為什麼？
4. 以上哪一種作法符合權責發生制（應計制）的精神？
四、(20%)The Hollywood Planet Theater is owed by Bruce Willis. All facilities
were completed on June 30.At this time,the ledger snowed:Cash $6,000, Land
$10,000,Buildings 【(concession stand 出租小吃攤), projection room（放映室）,
ticket booth（票亭）,and screen（螢幕）】$8,000,equipment $6,000,Accounts
Payable $2,000,Mortage Payable (應負抵押貸款)$8,000,and Bruce Willis,Capital
$20,000.During July, the following events and tanactions occured.
July 3 Paid firm rental of $800 on first movie.
4 Odered two additional firms at $500 each.
10 Received $1,800 cash from admissions.
11 Made $2,000 payment on mortage and $1,000 on accounts payable.
12 Hired D.Moore to operate concession stand.Moore to pay The Hollywood
Planet Theater 17% of gross receipts payable monthly.
13 Paid advertising expenses $300
21 Received one of the firm ordered on july 4 and was billed $500.The
film will be shown in July.
26 Received $4,200 cash from admissions.
28 Paid salaries $1,600
30 Received statement from D.Moore showing gross receipts of $1,000 and
the balance due to the Holloywood Planet Theater of $170 for July.
Moore paid one-half of the balance due and will remit the remainder on
August 6.
30 Prepaid $700 rental on special film to be run in August.
In addition to the accounts identified above,the chart of accounts shows:
Accounts Receiable, Prepaid Rentals, Admission Revenue, Concession Revenue,
Advertising Expense, Firm Rental Expense, and Salaries Expense.
Required:
1. Journalize the July transactions.
2. Prepare a trial balance on July 30,1996.
五、(20%)Mike Hammer operates the Mike Riding Academy（馬場）.The academy's
primary sources of revenue are riding fees and lesson fees,which are provided
on a cash basis.Mike also boards horses（養馬）for owners,who are billed
monthly for boarding fees.In a few cases,boarders pay in advance of expected
use.for its revenue transactions,the academy maintains the following accounts:
No.1 Cash,No.5 Boarding Accounts Receivable,No.27 Unearned boarding Fees,No.51
Riding Fees earned,No.52 Lesson fees Earned,No.53 Boarding Fees Earned.
The academy owns 10 horses, a stable（馬廄）,a riding corral（騎馬場）,riding
equipment,and office equipment.These assets are accounted for in accounts No.11
Horses,No.12 Building,No.13 Riding corral,No.14 Riding Equipment,No.15 Office
Equipment.
The academy employs stable helpers and an office employee,who receive weekly
salaries.At the end of each month,the mail usually bringsbills for advertising,
utilities and veterinary（獸醫的）service.Other expenses include feed for the
horses and insurance.For its expenses,the academy maintains the following
accounts:No.61 Advertising Expenses,No.62 Utilities Expenses,No.63 Veterinary
Expenses,No.64 hay and Feed Expenses,and No.65 Insurance Expenses.
Mike Hammer's sole source of income is the academy,Thus he makes periodic
withdrawals of cash for personal living expenses.To record Mike's equity in the
business and his drawings,two accounts are maintained:No.50 Mike Hammer,Capital
and No.51 Mike Hammer,Drawing.
During the first month of operatings an inexperienced bookkeeper was employed
Mike Hammer asks you to rewiew the following nine entries of the 50 entries
made during the month.In each case,the explanation for the entry is correct.
May 1 cash 15,000
Mike Hammer,capital 15,000
Invested $15,000 cash in business.
5 Cash 250
Riding Fees Earned 250
Received $250 cash for lesson fees.
7 Cash 500
Boarding Fees Earned 500
Received $500 for boarding of horses beginning June 1.
9 Hay and Feed Expense 1,700
Cash 1,700
Purchased estimated two months' supply of feed and hay for $1,700 on
account.
14 Riding Equipment 80
Cash 800
Peuchased desk and other office equipment for $800 cash.
15 Salaries Expense 400
Cash 400
Issued check to Mike Hammer for personal use.
20 Cash 145
Riding Fees Earned 154
Received $154 cash for rining fees
31 Veterinary Expense 75
Accounts Payable 75
Received bill of $75 from veterinarian for services rendered.
Required:
1. For each journal entry that is correct,so state. For each journal that is
incorrect,prepare the entry that should have been made by the bookkeeper.
2. Which of the incorrect entries would prevent the trial balance from
balanceing?
3. What was the correct net income for May,assuming the bookkeeper reported net
income of $4,500 after posting all 50 entries?
4. What was the correct cash balance at May 31,assuming the bookkeeping
reported a balance of $12,475 after posting all 50 entries?