推 cookie20125 : 也考太多次XD 05/04 21:23
課程名稱︰ 會計學甲一上
課程性質︰ 國企系必修
課程教師︰ 金成隆
開課學院： 管理學院
開課系所︰ 國企系
考試日期（年月日）︰
考試時限（分鐘）：
試題 :
一、 Presented below are selected transactions of Federer Company.
Federer sells in large quantities to other companies and also sells
its product in a small retail outlet.
March 1 Sold merchandise on account to Lynda Company for $3,800,
terms 2/10, n/30.
3 Lynda Company returned merchandise worth $500 to Federer.
9 Federer collected the amount due from Lynda Company from
the March 1 sale.
15 Federer sold merchandise for $200 in its retail outlet.
The customer used his Federer credit card.
31 Federer added 1.5% monthly interest to the customer's credit
card balance.
Instructions:
Prepare journal entries for the transactions above.
二、 The ledger of Elburn Company at the end of the current year shows
Accounts Receivable €110,000, Sales Revenue €840,000, and Sales
Returns and Allowances €28,000.
Instructions:
(a) If Elburn uses the direct write-off method to account for
uncollectable accounts, journalize the adjusting entry at December
31, assuming Elburn determines that T. Thum's €1,400 balance is
uncollectable.
(b) If Allowance for Doubtful Accounts has a credit balance of €2,100
in the trial balance, journalize the adjusting entry at December
31, assuming bad debts are expected to be (1) 1% of net sales, and
(2) 10% of accounts receivable.
(c) If Allowance for Doubtful Accounts has a debit balance of €200 in
the trial balance, journalize the adjusting entry at December 31,
assuming bad debts are expected to be (1) 0.75 % of net sales, and
(2) 6% of accounts receivables.
三、 At December 31, 2013, Cafu Co. reported the following information
on its statement of financial position.
Accounts receivable R$960,000
Less: Allowance for doubtful accounts 70,000
During 2014, the company had the following transcations related to
receivables.
1. Sales on account R$3,315,000
2. Sales returns and allownaces 50,000
3. Collections of accounts receivable 2,810,000
4. Write-offs of accounts receivable
deemed uncollectable 90,000
5. Recovery of bad debts previously
written off as uncollectable 29,000
Instructions:
(a) Prepare the journal entries to record each of these five
transactions. Assume that no cash discounts were taken on the
collections of accounts receivable.
(b) Enter the January 1, 2014, balances in Accounts Receivable and
Allowance for Doubtful Accounts, post the entries to the two
accounts (use T-accounts), and determine the balances.
(c) Prepare the journal entry to record bad debt expense for 2014,
assuming that an aging of accounts receivable indicates that
expected bad debts are R$125,000.
四、 Leland Company has accounts receivable of $98,000 at March 31.
An analysis of the accounts shows the following information.
Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful
Accounts has a credit balance of $900 prior to adjustment. The
company uses the perventage-of-receivables basis for estimating
uncollectible accounts. The company's estimate of bad debts is
shown below.
Age of Accounts Balance, March 31 Estimated Percentage
Uncollectable
--------------- ----------------- --------------------
1-30 days $65,000 2.0%
31-60 days 17,600 5.0%
61-90 days 8,500 30.0%
over 90 days 7,000 50.0%
--------
$98,100
Instructions:
(a) Determine the total estimated uncollectable.
(b) Prepare the sdjusting entry at March 31 to record bad debt expense.
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