会计学——企业决策的基础 第15版(英文版)第六单元课后习题答案.xls

E6 4 a Cost of goods sold Net sales Gross profit 26 000 000 15 000 000 11 000 000 b Merchandise inventory 6 450 000 9 500 000 11 000 000 4 950 000 c Cost of goods sold 26 000 000 15 000 000 10 000 10 990 000 Merchandise inventory 6 450 000 9 500 000 10 990 000 4 960 000 E6 6 a Breakage spoilage employee theft shoplifting b Cost of goods sold4 000 Merchandise inventory4 000 To adjusted the perpetual invenory recordsto reflect the result of year end physical count c inventory cost of goods sold The reduction should be posted to inventory subsidary ledger Both portions should be posted to genenral ledger E6 12 a Jan 2 Cash117 000 Sales117 000 Sold one telescope to Central State University for cash Jan 2 Cost of goods sold90 000 Inventory90 000 To transfer the cost of one telescope from inventory to cost of goods sold account Jan 5 Inventory50 000 Accounts payable Lunar Optics 50 000 Purchased one telescope for 50 000 due in 30 days b Inventory 250 000 Jan 2 90 000 Jan 5 50 000 Bal 210 000 c Jan 2 Cash117 000 Sales117 000 Sold one telescope to Central State University for cash Jan 5 Purchase50 000 Accounts payable Lunar Optics 50 000 Purchased one telescope for 50 000 due in 30 days d Cost of goods sold Inventory Jan 1250 000 Purchase5 000 Cost of goods available for sale 300 000 Less Inventory Jan 7210 000 Cost of goods sold90 000 e Perpetual inventory system Because it invntory has a high per unit cost and low volume of transactions P6 4A a 1 Inventory2 940 Accounts payable2 940 To record purchase of 10 televisions at net cost Jan 15 cash450 Sales450 Sold cost of goods sold294 Invenory294 Jun 20 Accounts payable 2 940 Cash2 940 a 2 Jun 10 Inventory3 000 Accounts payable3 000 To record purchase of 10 televisions at gross invoice price Jan 15 cash300 Sales300 Sold cost of goods sold450 Invenory450 Jun 20 Accounts payable3 000 Cash2 940 Purchase discount taken60 b 1 Accounts payable2 940 Purchase discounts lost60 Cash3 000 To record payment of invoice after expiration of the discount period b 2 Accounts payable3 000 Cash3 000 To record payment of invoice after expiration of the discount period c Net cost Because the purchase discount lost account could brings to management s attention any failure to take advantage of the cash discount offered by suppliers P6 8A a The series of transactions through which a business generaes its revenue and its cash recipts from customers Assets Invetory Accounts receivable Invenory Liabilities Accounts payable b Jan 2 Inventory24 250 Accounts payable Sharp 24 250 Purchase 20 modems and 80printers at net cost Payment due in 60 days Jan 6 Accounts receivable Pace Cor 10 000 Sales10 000 Sold 30 products to Pace Corporation on account payment due in 90 days Cost of goods sold6 100 Inventory6 100 To transfer the cost of 30 products from Inventory to cost of goods sold account c Beginning inventory500 000 Add Purchases24 250 Inventory avaliable for sale524 250 Less Cost of goods sold6 100 Ending inventory518 150 d Jan 2 Inventory24 250 Accounts payable Sharp 24 250 Purchase 20 modems and 80printers at net cost Payment due in 60 days Jan 6 Accounts receivable Pace Cor 10 000 Sales10 000 Sold 30 products to Pace Corporation on account payment due in 90 days e Beginning inventory500 000 Add Purchases24 250 Cost of goods available for sale524 250 Less Ending inventory518 150 Cost of goods sold6 100 f Periodic It inventory with many different kinds of low cost items Has high volume of sales transactions g Gross profit Net sales Cost of sales 10 000 6 100 3 900 Gross profit margin Gross profit Net sales 3 900 10 000 39 a Cost of goods sold Net sales Gross profit 26 000 000 15 000 000 11 000 000 b Merchandise inventory 6 450 000 9 500 000 11 000 000 4 950 000 c Cost of goods sold 26 000 000 15 000 000 10 000 10 990 000 Merchandise inventory 6 450 000 9 500 000 10 990 000 4 960 000 c inventory cost of goods sold The reduction should be posted to inventory subsidary ledger Both portions should be