課程名稱︰會計學甲一上
課程性質︰管院必修
課程教師︰李啟華
開課系所︰資管系
考試時間︰2004/10/29(五) 下午3：30
試題 :
Part I : BASIC PROBLEM(35 points)
1.(12 points)
Hannah Banks started her own consulting firm,Banks Consulting,Inc.,on
May 1,2002.The following transactions occurred during the month of May.
May 1 Stockholders invested $15,000 cash in the business.
2 Paid $800 for office rent for the month.
3 Purchased $700 of suppliers on account.
5 Paid $200 to advertise in the Daily News.
9 Received $1,000 cash for services provided.
12 Paid $300 cash dividend.
15 Performed $5,000 of services provided.
17 Paid $300 cash dividend.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $2,000 for services provided on
account May 15.
26 Borrowed $5,000 from the bank on a note payable.
29 Purchased office equipment for $3,500 on account.
30 Paid $250 for utilities.
Instructions
(a)Show the effects of the previous transactions on the accounting equation
using the following format.(4 points)
Assets Liabilities Stockholder`s Equity
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣ ￣￣￣￣￣￣￣ ￣￣￣￣￣￣￣￣￣￣
Accounts Office Note Accounts Common Retained
Date Cash+Receivable+Supplies+Equipment=Payable+Payable+Stock +Earnings
￣￣ ￣￣ ￣￣￣￣￣ ￣￣￣￣ ￣￣￣￣ ￣￣￣ ￣￣￣ ￣￣￣ ￣￣￣￣
include explanations for any changes in the Retained Earnings account in your
analysis.
(b)Prepare an income statement for the month of May.(4 points)
(c)Prepare a balance sheet at May 31,2002(4 points)
2.(13 points)
JarJar theater Inc.opened on April 1,All facilities were completed on
March 31.At this time,the ledger showed:No.101 Cash $10,000;
No.140 Land $10,000;No.145 buildings(concession stand,projection room,ticket
booth,and screen)$8,000;No.157 Equipment $6,000;No.201 Account Payable $2,000;
No.275 Mortgage Payable $9,000;and No.311 Common stock $23,000.During April,
the following events and transaction occured.
Apr. 2 Paid film rental of $1,000 on first movie.
3 Ordered two additional files at $500 each.
9 Received $2,100 cash form admissions.
10 Made $3,000 payment on mortgage and $500 on accounts payable.
11 Hired Tim Rowe to operate concession stand.Tim Rowe to pay JarJar
Theater 16% of gross receipts payable monthly.
12 Paid advertising expenses $600.
20 Received one of the films ordered on April 3 and was billed $500.
The film will be shown in April.
25 Received $4,600 cash from admissions.
29 Paid salaries $1,900.
30 Received statement from Tim Rowe showing gross receipts of $1,500
and the balance due to JarJar Theater of $240 for April.Tim Rowe
paid one-half of the balance due and will remit the remainder on
May 5.
30 prepaid $800 rental on special film to be run in May.
In addition to the accounts idnetified above,the chart of accounts shows:
No.112 Accounts Receivalbe,No.136 Prepaid Rental,No.405 Admission Revenue,
No.406 Concession Revenue,No.610 Advertising Expense,
No.632 Film Rental Expense,No.726 Salaries Expense.
Instructions
(a)Enter the beginning balances in the ledger as April 1.Insert a check mark
(ˇ)in the reference column of the ledger for the beginning balance.
(b)Journalize the April transactions.(5 points)
(c)Post the April journal entries to the ledger.Assume that all entries are
posted from page 1 of the journal.(4 points)
(d)Prepaid a trial balance on April 30,2002.(4 points)
For example:
Cash No.101
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
Date Explanation Ref. Debit Credit Balance
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
Journal J1
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
Date Account Titles and Explanation Ref. Debit Credit
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
3.(10 points)
Grand Advertising Agency Inc. was organized in January 2002.Presented below
are both the adjusted trial balances as of December 31,2002.
GRANT ADVERTISING AGENCY INC.
Trial Balance
December 31,2002
Unadjusted Adjusted
￣￣￣￣￣￣￣￣￣ ￣￣￣￣￣￣￣￣￣
Dr. Cr. Dr. Cr.
￣￣￣￣ ￣￣￣￣ ￣￣￣￣ ￣￣￣￣
cash $ 11,000 $ 11,000
Accounts Receviable 20,000 21,500
Art Supplies 8,600 5,000
Prepaid Insurance 3,350 2,500
Printing Equipment 60,000 60,000
Accumulated Depreciation $ 28,000 $ 35,000
Accounts Payable 5,000 5,000
Interest Payable -0- 150
Notes Payable 5,000 5,000
Unearned Advertising Fees 7,200 5,600
Salaries Payable -0- 1,300
Common stock 25,500 25,500
Retained Earnings -0- -0-
Dividends 12,000 12,000
Advertising Revenue 58,600 61,700
Salaries Expense 10,000 11.300
Insurance Expense 850
Interest Expense 350 500
Depreciation Expense 7,000
Art Supplies Expense 3,600
Rent Expense 4,000 4,000
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
$129,300 $129,300 $139,250 $139,250
￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
Instructions
(a)Journalize the annual adjusting entries that were made.(6 points)
(b)Answer the following questions.(4 points)
(1)If the note has been outstanding 6 months,what is the annual interest
rate on that note?
(2)If the company paid $13,500 in salaries in 2002,what was the balance in
Salaries Payable on December 31,2001?
PART II : MULTIPLE CHOICE QUESTIONS (@2,30 points)
1.Bookkeeping differs from accounting in that bookkeeping primarily involves
which part of the accounting process?
a.Indentification
b.Communication
c.Recording
d.Analysis
2.When a corporation distributes a dividend
a.it doesn`t have to be cash,it could be another asset.
b.the Dividends account will be increased with a credit.
c.the Retianed Earnings account will be directly increased with a debit.
d.the Dividends account will be decreased with a debit.
...to be contiuned..
--
愛因斯坦說過
宇宙最不可理解的
就是宇宙竟然是可以理解的
--
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