第19版会计学原理第五章课后答案.pdf

ExerciseExerciseExerciseExercise 5 15 15 15 1 30 30 30 30 minutes minutes minutes minutes Apr Apr Apr Apr 2 2 2 2MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 5 9005 9005 9005 900 AccountsAccountsAccountsAccounts PayablePayablePayablePayable JohnsJohnsJohnsJohns 5 9005 9005 9005 900 PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise onononon credit credit credit credit 3 3 3 3 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 330330330330 CashCashCashCash 330330330330 PaidPaidPaidPaid shippingshippingshippingshipping chargeschargeschargescharges onononon purchasedpurchasedpurchasedpurchased merchandise merchandise merchandise merchandise 4 4 4 4 AccountsAccountsAccountsAccounts PayablePayablePayablePayable JohnsJohnsJohnsJohns 900900900900 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 900900900900 ReturnedReturnedReturnedReturned unacceptableunacceptableunacceptableunacceptable merchandise merchandise merchandise merchandise 17171717 AccountsAccountsAccountsAccounts PayablePayablePayablePayable JohnsJohnsJohnsJohns 5 0005 0005 0005 000 MerchandiseMerchandiseMerchandiseMerchandise Inventory Inventory Inventory Inventory 100100100100 CashCashCashCash 4 9004 9004 9004 900 5 900 5 900 5 900 5 900 900 900 900 900 x x x x 2 2 2 2 PaidPaidPaidPaid balancebalancebalancebalance less less less less 2 2 2 2 withinwithinwithinwithin discountdiscountdiscountdiscount period period period period 18181818 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 12 25012 25012 25012 250 AccountsAccountsAccountsAccounts PayablePayablePayablePayable WilliamWilliamWilliamWilliam 12 25012 25012 25012 250 PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise onononon credit credit credit credit 21212121 AccountsAccountsAccountsAccounts PayablePayablePayablePayable WilliamWilliamWilliamWilliam 3 2503 2503 2503 250 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 3 2503 2503 2503 250 ReceivedReceivedReceivedReceived anananan allowanceallowanceallowanceallowance onononon purchase purchase purchase purchase 28282828 AccountsAccountsAccountsAccounts PayablePayablePayablePayable WilliamWilliamWilliamWilliam 9 0009 0009 0009 000 MerchandiseMerchandiseMerchandiseMerchandise Inventory Inventory Inventory Inventory 180180180180 CashCashCashCash 8 8208 8208 8208 820 12 250 12 250 12 250 12 250 3 250 3 250 3 250 3 250 x x x x 2 2 2 2 PaidPaidPaidPaid balancebalancebalancebalance less less less less 2 2 2 2 withinwithinwithinwithin discountdiscountdiscountdiscount period period period period ExerciseExerciseExerciseExercise 5 25 25 25 2 30 30 30 30 minutes minutes minutes minutes 1 1 1 1 BUYER BUYER BUYER BUYER FortunaFortunaFortunaFortuna CompanyCompanyCompanyCompany CreditCreditCreditCredit PurchasePurchasePurchasePurchase MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 30 00030 00030 00030 000 AccountsAccountsAccountsAccounts PayablePayablePayablePayable 30 00030 00030 00030 000 PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise onononon credit credit credit credit CashCashCashCash PaymentPaymentPaymentPayment AccountsAccountsAccountsAccounts PayablePayablePayablePayable 30 00030 00030 00030 000 MerchandiseMerchandiseMerchandiseMerchandise Inventory Inventory Inventory Inventory 600600600600 CashCashCashCash 29 40029 40029 40029 400 PaidPaidPaidPaid accountaccountaccountaccount payablepayablepayablepayable withinwithinwithinwithin 2 2 2 2 discountdiscountdiscountdiscount period period period period 30 000 30 000 30 000 30 000 x x x x 2 2 2 2 2 2 2 2 SELLERSELLERSELLERSELLER LemarLemarLemarLemar CompanyCompanyCompanyCompany CreditCreditCreditCredit SaleSaleSaleSale AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 30 00030 00030 00030 000 SalesSalesSalesSales 30 00030 00030 00030 000 SoldSoldSoldSold merchandisemerchandisemerchandisemerchandise onononon account account account account CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 20 10020 10020 10020 100 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 20 10020 10020 10020 100 ToToToTo recordrecordrecordrecord costcostcostcost ofofofof sale sale sale sale CashCashCashCash CollectionCollectionCollectionCollection CashCashCashCash 29 40029 40029 40029 400 SalesSalesSalesSales DiscountsDiscountsDiscountsDiscounts 600600600600 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 30 00030 00030 00030 000 CollectedCollectedCollectedCollected accountaccountaccountaccount receivable receivable receivable receivable 3 3 3 3 AmountAmountAmountAmount borrowedborrowedborrowedborrowed totototo paypaypaypay withwithwithwith discountdiscountdiscountdiscount 29 400 00 29 400 00 29 400 00 29 400 00 AnnualAnnualAnnualAnnual raterateraterate ofofofof interestinterestinterestinterest x x x x 8 8 8 8 InterestInterestInterestInterest perperperper yearyearyearyear 2 352 002 352 002 352 002 352 00 InterestInterestInterestInterest perperperper daydaydayday 2 352 00 2 352 00 2 352 00 2 352 00 365365365365 days days days days 6 446 446 446 44 SavingsSavingsSavingsSavings fromfromfromfrom discountdiscountdiscountdiscount takentakentakentaken 600 00600 00600 00600 00 InterestInterestInterestInterest paidpaidpaidpaid onononon 50 day50 day50 day50 day loanloanloanloan 50 50 50 50 daysdaysdaysdays x x x x 6 44 6 44 6 44 6 44 322 19 322 19 322 19 322 19 NetNetNetNet savingssavingssavingssavings fromfromfromfrom borrowingborrowingborrowingborrowing totototo paypaypaypay inininin discountdiscountdiscountdiscount periodperiodperiodperiod 277 81277 81277 81277 81 ExerciseExerciseExerciseExercise 5 45 45 45 4 30 30 30 30 minutes minutes minutes minutes MayMayMayMay5 5 5 5 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 7 9207 9207 9207 920 SalesSalesSalesSales 7 9207 9207 9207 920 SoldSoldSoldSold merchandisemerchandisemerchandisemerchandise onononon creditcreditcreditcredit 720 720 720 720 x x x x 11 11 11 11 5 5 5 5 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 5 0405 0405 0405 040 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 5 0405 0405 0405 040 ToToToTo recordrecordrecordrecord costcostcostcost ofofofof salesalesalesale 720 720 720 720 x x x x 7 7 7 7 a a a a MayMayMayMay7 7 7 7 SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances 2 7612 7612 7612 761 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 2 7612 7612 7612 761 AcceptedAcceptedAcceptedAccepted a a a a returnreturnreturnreturn fromfromfromfrom a a a a customercustomercustomercustomer 251 251 251 251 x x x x 11 11 11 11 7 7 7 7 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 1 7571 7571 7571 757 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 1 7571 7571 7571 757 ReturnedReturnedReturnedReturned merchandisemerchandisemerchandisemerchandise totototo inventoryinventoryinventoryinventory 251 251 251 251 x x x x 7 7 7 7 b b b b MayMayMayMay8 8 8 8 SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances 180180180180 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 180180180180 GrantedGrantedGrantedGranted allowanceallowanceallowanceallowance forforforfor damageddamageddamageddamaged merchandise merchandise merchandise merchandise c c c c MayMayMayMay 15151515SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances 411411411411 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 411411411411 GrantedGrantedGrantedGranted allowanceallowanceallowanceallowance forforforfor mis coloredmis coloredmis coloredmis colored merchandisemerchandisemerchandisemerchandise andandandand acceptedacceptedacceptedaccepted a a a a returnreturnreturnreturn fromfromfromfrom a a a a customercustomercustomercustomer forforforfor thethethethe mis coloredmis coloredmis coloredmis colored merchandisemerchandisemerchandisemerchandise 92 92 92 92 29 29 29 29 x x x x 11 11 11 11 15151515 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 203203203203 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 203203203203 ReturnedReturnedReturnedReturned merchandisemerchandisemerchandisemerchandise totototo inventoryinventoryinventoryinventory 29 29 29 29 x x x x 7 7 7 7 ExerciseExerciseExerciseExercise 5 55 55 55 5 15 15 15 15 minutes minutes minutes minutes MayMayMayMay5 5 5 5 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 7 9207 9207 9207 920 AccountsAccountsAccountsAccounts PayablePayablePayablePayable 7 9207 9207 9207 920 PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise onononon creditcreditcreditcredit 720 720 720 720 x x x x 11 11 11 11 a a a a MayMayMayMay7 7 7 7 AccountsAccountsAccountsAccounts PayablePayablePayablePayable 2 7612 7612 7612 761 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 2 7612 7612 7612 761 ReturnedReturnedReturnedReturned unwantedunwantedunwantedunwanted merchandisemerchandisemerchandisemerchandise 251 251 251 251 x x x x 11 11 11 11 b b b b MayMayMayMay8 8 8 8 AccountsAccountsAccountsAccounts PayablePayablePayablePayable 180180180180 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 180180180180 ToToToTo recordrecordrecordrecord allowanceallowanceallowanceallowance forforforfor damageddamageddamageddamaged merchandise merchandise merchandise merchandise c c c c MayMayMayMay 15151515AccountsAccountsAccountsAccounts PayablePayablePayablePayable 411411411411 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 411411411411 ToToToTo recordrecordrecordrecord allowanceallowanceallowanceallowance forforforfor mis coloredmis coloredmis coloredmis colored goodsgoodsgoodsgoods andandandand returnreturnreturnreturn ofofofof mis coloredmis coloredmis coloredmis colored merchandisemerchandisemerchandisemerchandise 92 92 92 92 29 29 29 29 x x x x 11 11 11 11 ExerciseExerciseExerciseExercise 5 5 5 5 8 8 8 8 25 25 25 25 minutes minutes minutes minutes AdjustingAdjustingAdjustingAdjusting entriesentriesentriesentries Dec Dec Dec Dec 31313131 SalesSalesSalesSales SalariesSalariesSalariesSalaries ExpenseExpenseExpenseExpense 1 7001 7001 7001 700 SalariesSalariesSalariesSalaries PayablePayablePayablePayable 1 7001 7001 7001 700 ToToToTo recordrecordrecordrecord accruedaccruedaccruedaccrued salaries salaries salaries salaries Dec Dec Dec Dec 31313131 SellingSellingSellingSelling ExpensesExpensesExpensesExpenses 1 6001 6001 6001 600 PrepaidPrepaidPrepaidPrepaid SellingSellingSellingSelling ExpensesExpensesExpensesExpenses 1 6001 6001 6001 600 ToToToTo recordrecordrecordrecord expiredexpiredexpiredexpired prepaidprepaidprepaidprepaid sellingsellingsellingselling expenses expenses expenses expenses Dec Dec Dec Dec 31313131 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 574574574574 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 574574574574 ToToToTo recordrecordrecordrecord inventoryinventoryinventoryinventory shrinkageshrinkageshrinkageshrinkage 30 200 30 200 30 200 30 200 29 626 29 626 29 626 29 626 ClosingClosingClosingClosing entriesentriesentriesentries Dec Dec Dec Dec 31313131 SalesSalesSalesSales 543 600543 600543 600543 600 IncomeIncomeIncomeIncome SummarySummarySummarySummary 543 600543 600543 600543 600 ToToToTo closeclosecloseclose temporarytemporarytemporarytemporary accountsaccountsaccountsaccounts withwithwithwith creditcreditcreditcredit balances balances balances balances Dec Dec Dec Dec 31313131 IncomeIncomeIncomeIncome SummarySummarySummarySummary 541 839541 839541 839541 839 SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances 20 65620 65620 65620 656 SalesSalesSalesSales DiscountsDiscountsDiscountsDiscounts 5 7835 7835 7835 783 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 267 451 267 451 267 451 267 451 574 574 574 574 268 025268 025268 025268 025 SalesSalesSalesSales SalariesSalariesSalariesSalaries Exp Exp Exp Exp 59 796 59 796 59 796 59 796 1 700 1 700 1 700 1 700 61 49661 49661 49661 496 UtilitiesUtilitiesUtilitiesUtilities ExpenseExpenseExpenseExpense 17 39517 39517 39517 395 SellingSellingSellingSelling ExpensesExpensesExpensesExpenses 46 749 46 749 46 749 46 749 1 600 1 600 1 600 1 600 48 34948 34948 34948 349 AdministrativeAdministrativeAdministrativeAdministrative ExpensesExpensesExpensesExpenses 120 135120 135120 135120 135 ToToToTo closeclosecloseclose temporarytemporarytemporarytemporary accountsaccountsaccountsaccounts withwithwithwith debitdebitdebitdebit balances balances balances balances Dec Dec Dec Dec 31313131 IncomeIncomeIncomeIncome SummarySummarySummarySummary 1 7611 7611 7611 761 K K K K Yamiko Yamiko Yamiko Yamiko CapitalCapitalCapitalCapital 1 7611 7611 7611 761 ToToToTo closeclosecloseclose IncomeIncomeIncomeIncome SummarySummarySummarySummary account account account account Dec Dec Dec Dec 31313131 K K K K Yamiko Yamiko Yamiko Yamiko CapitalCapitalCapitalCapital 1 5001 5001 5001 500 K K K K Yamiko Yamiko Yamiko Yamiko WithdrawalsWithdrawalsWithdrawalsWithdrawals 1 5001 5001 5001 500 ToToToTo closeclosecloseclose thethethethe withdrawalswithdrawalswithdrawalswithdrawals account account account account ExerciseExerciseExerciseExercise 5 5 5 5 9 9 9 9 1 Nov 1 Nov 1 Nov 1 Nov 1 1 1 1MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 2 8002 8002 8002 800 AccountsAccountsAccountsAccounts PayablePayablePayablePayable 2 8002 8002 8002 800 ToToToTo recordrecordrecordrecord merchandisemerchandisemerchandisemerchandise purchasespurchasespurchasespurchases onononon credit credit credit credit 2 2 2 2 Nov Nov Nov Nov 5 5 5 5AccountsAccountsAccountsAccounts PayablePayablePayablePayable 2 8002 8002 8002 800 MerchandiseMerchandiseMerchandiseMerchandise Inventory Inventory Inventory Inventory 56565656 CashCashCashCash 2 7442 7442 7442 744 ToToToTo recordrecordrecordrecord cashcashcashcash paymentpaymentpaymentpayment inininin discountdiscountdiscountdiscount period period period period 2 800 2 800 2 800 2 800 x x x x 0 020 020 020 02 3 3 3 3 Nov Nov Nov Nov 7 7 7 7CashCashCashCash 98989898 MerchandiseMerchandiseMerchandiseMerchandise Inventory Inventory Inventory Inventory 98989898 ToToToTo recordrecordrecordrecord checkcheckcheckcheck receivedreceivedreceivedreceived forforforfor returnreturnreturnreturn ofofofof purchasespurchasespurchasespurchases previouslypreviouslypreviouslypreviously paidpaidpaidpaid forforforfor withwithwithwith discountdiscountdiscountdiscount alreadyalreadyalreadyalready taken taken taken taken 100 100 100 100 100 100 100 100 x x x x 0 02 0 02 0 02 0 02 4 4 4 4 Nov Nov Nov Nov 10101010 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 140140140140 CashCashCashCash 140140140140 ToToToTo recordrecordrecordrecord paymentpaymentpaymentpayment ofofofof freightfreightfreightfreight charges charges charges charges 5 5 5 5 Nov Nov Nov Nov 13131313 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 3 0243 0243 0243 024 SalesSalesSalesSales 3 0243 0243 0243 024 ToToToTo recordrecordrecordrecord salesalesalesale ofofofof merchandisemerchandisemerchandisemerchandise onononon credit credit credit credit Nov Nov Nov Nov 13131313 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 1 5121 5121 5121 512 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 1 5121 5121 5121 512 ToToToTo recordrecordrecordrecord costcostcostcost ofofofof merchandisemerchandisemerchandisemerchandise sold sold sold sold 6 6 6 6 Nov Nov Nov Nov 16161616 SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances 205205205205 AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable 205205205205 ToToToTo recordrecordrecordrecord returnreturnreturnreturn ofofofof merchandisemerchandisemerchandisemerchandise soldsoldsoldsold onononon credit credit credit credit Nov Nov Nov Nov 16161616 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 115115115115 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 115115115115 ToToToTo recordrecordrecordrecord costcostcostcost ofofofof merchandisemerchandisemerchandisemerchandise returned returned returned returned ProblemProblemProblemProblem 5 1A5 1A5 1A5 1A 40 40 40 40 minutes minutes minutes minutes JulyJulyJulyJuly1 1 1 1 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 6 4006 4006 4006 400 AccountsAccountsAccountsAccounts PayablePayablePayablePayable ArchArchArchArch 6 4006 4006 4006 400 PurchasedPurchasedPurchasedPurchased goodsgoodsgoodsgoods onononon credit credit credit credit termstermstermsterms 1 15 1 15 1 15 1 15 n 30 n 30 n 30 n 30 2 2 2 2AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable DriverDriverDriverDriver 900900900900 SalesSalesSalesSales 900900900900 SoldSoldSoldSold goodsgoodsgoodsgoods onononon credit credit credit credit termstermstermsterms 1 10 1 10 1 10 1 10 n 60 n 60 n 60 n 60 2 2 2 2CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold 533533533533 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory 533533533533 ToToToTo recordrecordrecordrecord costcostcostcost ofofofof thethethethe JulyJulyJulyJuly 2 2 2 2 sale sale sale sale 3 3 3 3MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInv