課程名稱︰會計學乙二上
課程性質︰必修
課程教師︰葉疏
開課學院：管理學院
開課系所︰財金系
考試日期（年月日）︰96.11.21
考試時限（分鐘）：120分鐘
是否需發放獎勵金：是 感謝
（如未明確表示，則不予發放）
試題 :
1. On January 1, 2007 Kiner Co. issued five-year bonds with a face value of
$400,000 and a stated interest rate of 12% payable semiannually on July 1
and January 1. The bonds were sold to yield 10%. Present value table
factorsare:
Present value of 1 for 5 periods at 10% .62092
Present value of 1 for 5 periods at 12% .56743
Presnet value of 1 for 10 periods at 5% .61391
Present value of 1 for 10 periods at 6% .55839
Presnt value of an ordinary annuity of 1 for 5 periods at 10% 3.79079
Presnt value of an ordinary annuity of 1 for 5 periods at 12% 3.60478
Presnt value of an ordinary annuity of 1 for 10 periods at 5% 7.72173
Presnt value of an ordinary annuity of 1 for 10 periods at 6% 7.36009
Required: Calculate the issue price of the bonds. (10%)
﹋﹋﹋﹋
2. Catt Co. has a machine that cost $200,000. It is to be leased for 20 years
with rent received at the beginning of each year. Catt wants a return of
10%.
Required: Calculate the amount of the annual rent. (10%)
﹋﹋﹋﹋
Period Present Value of Ordinary Annuity
￣￣￣ ￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣￣
19 8.36492
20 8.51356
21 8.64869
3. Present below is information from Perez Computers Incorporated.
July 1 Sold $20,000 of computers to Robertson Company with term 3/15,
n/60. Perez uses the gross method to record cash discounts.
￣￣￣￣￣￣￣￣
10 Perez received payment from Robertson for the full amount owed from
the July transactions.
17 Sold $200,000 in computers and peripherals to The Clark Store with
term of 2/10, n/30.
30 The Clark Store paid for its purchase of July 17.
Required: Prepare the necessary journal entries for Perez Computers. (20%)
﹋﹋﹋﹋
4. A trial balance before adjustment included the followings:
Debit Credit
￣￣￣￣ ￣￣￣￣
Accounts receivable $80,000
Allowance for doubtful accounts 730
Sales $340,000
Sales returns and allowances 8,000
Required: Give journal entries assuming that the estimate of uncollectibles
﹋﹋﹋﹋
is determined by taking (1) 5% of gross accounts received and (2) 1% of net
sales. (20%)
5. Accounts receivable in the amount of 250,000 were assigned to the Fast
Finance Company by Nance, Inc., as security for a loan of $200,000. The
finance company charged a 4% commission on the face amount of the loan, and
note bears interest at 9% per year.
During the first month, Nance collected $130,000 on assigned accounts. This
amount was remitted to the finance company along with one month's interest
on the note.
Required: Make all the entries for Nace Inc. associated with the transfer
﹋﹋﹋﹋
of the accounts receivable, the loan, and the remittance to the finance
company. (20%)
6. The cash account of Jose Orozco Co. showed a ledger balance of $3,969.85 on
June 30, 2007. The bank statement as of that date showed a balance of
$4,150. Upon comparing the statement with the cash records, the following
facts were determined.
(1) There were bank service charges for June of $25.
(2) A bank memo stated that Bao Dai's note for $900 and interest of $36 had
been collected on June 29, and the bank had made a charge of $5.50 on
the collection. (No entry had been made on Orozco's books when Bao
Dai's note was sent to the bank for collection.)
(3) Receipts for June 30 for $2,890 were not deposited until July 2.
(4) Checks outstanding on June 30 totaled $2,136.05.
(5) The bank had charged the Orozco Co.'s account for a customer's
uncollectible check amounting to $453.20 on June 29.
(6) A customer's check for $90 had been entered as $60 in the cash receipts
journal by Orozco on July 15.
(7) Check no. 742 in the amount of $491 had been entered in the cash
journal as $419, and check no. 747 in the amount of $58.20 had been
entered as $582. Both checks had been issued to pay for purchase of
equipment.
Required: (20%)
﹋﹋﹋﹋
(a) Prepare a bank reconciliation dated June 30, 2007, proceeding to a
correct cash balance.
(b) Prepare any entries necessary to make the books correct and complete.
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※ 編輯: summershores 來自: 203.67.104.22 (11/24 18:01)