2012年6月财大夜大会计英文小范围.doc

选择：1. Which of the following methods of inventory valuation is appropriate on the balance sheet?D. A or B , whichever is lower2. The intangible asset goodwill may be_A. capitalized only when purchased3. Which is the accounting guideline that requires financial statement information to be supported by evidence other than someones imagination or opinion?DObjectivity principle.4. Aldrige company purchased 3800 of merchandise on December 5 , term 2/10, n/15. On December 7, 300 worth of merchandise was returned by aldrige to the supplier. On December 15, aldrige paid the balance in full. What was the amount of the cheque?B. 34305. Plant assets purchased in exchange for issuing a zero-interest-bearing note should be accounted for at the _d. Present value of the notee. During the closing process, all temporary debit and credit balance accounts are closed. Which of the following accounts would be closed with a debit?C. Sales.f. HCF, a financial company, lends Able 7200 at 5% for 3 months on June 1, 2001. What should HCFs adjusting entry on June 31, 2001 include?A . credit to interest earned for 30.g. If a business is not being sold or closed, the amounts reported in the accounts for assets used in operations are based on costs. This is justified by which principle?A. Cost principle.h. The Crimson Cartage Company purchased a new truck at a cost of 42000 on April 30, 2008. The truck is estimated to have a useful life of 6 years and a salvage value of 6000. How much Depreciation expense will be recorded for the truck during the year ended December 31, 2008 assuming the straight-line method?C . 4000(42000-6000)/6*8/12=i. On September 30, Accounts Payable had a normal balance of 6300. During September, the account was credited for a total of 3900 and debited for a total of 5400. What was the balance in the A/P at the beginning of Sept.?A . 7800 credit balance计算：1. On March 31, 2008 East Co. purchased equipment for 480000. It has an estimated useful life of 5 years and an estimated residual value of 30000. East Co.s fiscal year ends on December 31. 2008 2009 2010 2011 2012SLN（直线折旧法） 67500 90000 90000 90000 90000DDB（双倍余额递减法） 144000 134400 80640 44910 36840SYD（年数综合法） 112500 127500 97500 67500 37500SLN:2008年=（480000-30000）/5*9/12=675002009年=（480000-30000）/5=900002010年=（480000-30000）/5=900002011年=（480000-30000）/5=900002012年=（480000-30000）/5=90000BBD:第一年折旧=480000*2/5=192000第二年折旧=（480000-192000）*2/5=115200第三年折旧=（480000-192000-115200）*2/5=69120第4,5年折旧=（480000-192000-115200-69120-30000）/2=36840所以2008年折旧=192000*9/12=144000 2009年折旧=192000*3/12+115200*9/12=134400 2010年折旧=115200*3/12+69120*9/12=80640 2011年折旧=69120*3/12+36840*9/12=44910 2012年折旧=36840SYN: 第一年折旧=（480000-30000）*5/15=150000 第二年折旧=450000*4/15=120000 第三年折旧=450000*3/15=90000 第四年折旧=450000*2/15=60000 第五年折旧=450000*1/15=30000 所以2008年折旧=150000*9/12=112500 2009年折旧=150000*3/12+120000*9/12=127500 2010年折旧=120000*3/12+90000*9/12=97500 2011年折旧=90000*3/12+60000*9/12=67500 2012年折旧=60000*3/12+30000*9/12=375002. Closing journal 以下为卷一第4页V(考试数字会变) A corporation debited Cash Dividend （现金股利）Declared for 80000 during the year ended on December 31. The items that follow appeared in the Income Statement columns of the work sheet prepared at year-end. Prepare closing journal entries for the corporation.Income Statement(损益表)DebitCreditService revenue765000Office salaries expense150000Rent expense260000Insurance expense17800Office supplies expense46000Depreciation expense, office equipment37100510900765000Net income254100765000765000Dr: Service Revenue 765000Cr: Income Summary 765000Dr: Income Summary 510900Cr: Office salaries expense 150000 Rent expense 260000 Insurance expense 17800 Office supplies expense 46000 Depreciation 37100Dr: Income Summary 254100Cr: Retained earnings（未分配利润） 254100Dr: Retained earnings 80000Cr: Cash Dividend（现金股利） 800003. 书上P202页 FIFO LIFO (考试数字会变)The hall company has the following inventory and purchases during the fisacl year ended december 31 2001 Beginning 500 units $45/unit Feb 10 . 250 units $42/unit Aug21 . 130 units $50/unitHall company has two sales during the period the units have a selling price of $75 per unitMar 15.330unitsSept 10 .235unitsHall company employs a perpetual inventory systerm Required1) calculate cost of goods available for sale and units available for sale cost of goods available for sale=500*45+250*42+130*50=39500units=500+250+130=8802) calculate units remaining in ending inventory880-330-235=3153) calculate the currency value of cost of goods sold and ending inventory using: a. FIFO cost of goods sold=330*45+(500-330)*45+(235-170)*42=25230ending inventory=(250-65)*42+130*50=14270b. LIFO cost of goods sold=250*42+80*45+130*50+105*45=25325ending inventory=39500-25325=14175c. weightedcost of goods sold=(39500/880)*(330+235)=25362.85ending inventory=39500-25362.85=14137.154) calculate the gross profit earned by hall company under each of the costing methods in 3and 4FIFO: gross profit= 75*565-25230=17145LIFO: gross profit=75*565-25325=17050Weighted average: gross profit= 75*565-25362.85=17012.154. Use the following information to complete the balance sheet1） initial investment of 1300002） Earnings : 1750003） withdrew 300004） Cash and accounts receivable amount to 5 times as much as A/P5） Current ratio is 2.5, quick ratio 1.5, working capital 150000 assetsLiabilities & equitycash85000A/P30000A/R65000Notes payable40000Inventory100000Salaries payable30000Current assets250000Current liabilities100000equipment110000Long term liabilities200000buildings215000Total liabilities300000Fixed assets325000Capital275000Total assets575000Total liabilities &equity5750005. 银行余额调节表 以下为卷一第6页VII(数字会变)Use the following information to prepare a bank reconciliation for Suttons Co. on May 31, 2010.At May 31, the balance of the Cash account according to the records of Sutton Co. was 20180. The May 31 bank statement showed a balance of $27887. You are to prepare the bank reconciliation of Sutton Co. at May 31, using the following supplementary information.a) Deposit in transit （在途存款）at May 3, $5160.b) Outstanding checks（未兑现支票）: No.123, $3360; No.126, $1820; No.127, $1235; No.129, $2810;c) Service charges by the bank, $37.d) A note receivable（应收票据） for $4800 left by Sutton Co. with bank for collection that had been collected and credited to companys account. No interest involved.e) A check for $725 drawn by a customer, Martin Able, but deducted from Suttons account by mistake and returned with the notation “NSF”f) Suttons check No.480, issued in payment of $1905 worth of office equipment, correctly written in the amount of $1905 but erroneously recorded in Suttons accounting records as $1509.Bank ReconciliationBal Per book (bank) Bal Per book(company)27887 20180Add: deposit in transit 5160 Add: note receivable collected 4800 Less: outstanding checks 3360 Less: banking charge 37 1820 NSF 725 1235 Check error 396 2810 23822 23822 6. Hilary Hilton, the owner of a professional practice, completed the following transactions during January, 2009: Required: Prepare Journal Entries.Jan. 1. She began a public accounting company by investing $50,000