課程名稱︰會計學甲一下
課程性質︰資管系必修
課程教師︰萬瑞霞
開課學院：管院
開課系所︰資管系
考試日期（年月日）︰2011/4/1
考試時限（分鐘）：110
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
1.
Kosko Furniture Store has credit sales of $400,000 in 2011 and a debit
balance of $600 in the Allowance for Doubtful Accounts at year end. As of
December 31,2011, $130,000 of accounts receivable remain uncollected. The
credit manager prepared an aging schedule of accounts receivable and estimates
that $3,000 will prove to be uncollectible.
On March 4, 2012, the credit manager authorized a write-off of the $1,000
balance owed by A. Noonan.
Instuctions
(a) Prepare the adjusting entry to record the estimated uncollectible accounts
expense in 2011.
(b) Show the statement of financial position presentation of accounts
receivable on December 31, 2011.
(c) On March 4, before the write-off, assume the balance of Accounts
Receivable account is $160,000 and the balance of Allowance for Doubtful
Accounts is a credit of $2,000. Make the appropriate entry to record the
write-off the Noonan account. Also show the statement of financial position presentation
of accounts receivable before and after the write-off.
2.
Compute bad debts based on the following information:
(a) Ramesy Company estimates that 1% of net credit sales will become
uncollectible. Sales are $500,000, sales returns and allowances are
$30,000, and the allowance for doubtful accounts has a $6,000 credit
balance.
(b) Ramsey Company estimates that 3%of accounts receivable will become
uncollectible. Accounts receivable are $100,00 at the end of the year, and
the allowance for doubtful accounts has a $900 debit balance.
3.
Chang Company purchased a machine at a cost of $900,000. The machine is
expected to have a $50,000residual value ate the end of its 5-year useful life.
Instructions
Compute annual depreciation for the first and second years using the
(a) straight-line method.
(b) double-declining-balance method.
4.
Marlow Company purchased equipment on January 1, 2010 for $70,000. It is
estimated that the equipment will have a $5,000 residual value at the end of
its 5-year useful life. It is also estimated that the equipment will produce
100,000 units over its 5 year life.
Instruction
Answer the following independent questions.
1.Compute the amount of depreciation expense for the year ended December 31,
2010, using the straight-line method of depreciation.
2.If 16,000 units of product are produced in 2010 and 24,000 units are produced
in 2011, what is the book value of the equipment at December 31,2011? The
company used the units-of-activity depreciation method.
3.If the company uses the double-declining-balance method o depreciation, what
is the balance of the Accumulated Drpreciaiton-Equipment account at December
31, 2012?
5.
Lowe Mining Company purchased a mine for $70 million which is estimated to
have 250,000 tons of ore and a residual value of $10 million.
(a) In the first year, 50,000 tons of ore extracted and sold. Prepare the
journal entry to record depletion expense for the first year.
(b) In the second year, 150,000 tons of ore are extracted but only 125,000 tons
are sold. Prepare the journal entry to record depletion expense for the
second year.
(c) What amount and in what account are the tons of ore not sold reported?
--
※ 發信站: 批踢踢實業坊(ptt.cc)
◆ From: 140.112.4.200