会计专业英语习题答案

1、耙Ch把apter笆. 11-1绊As in m鞍any eth八ics iss安ues, th翱ere is 安no one 氨right a半nswer. 唉The 爱local n扒ewspape半r笆 r皑e捌ported 扮on this肮 issue 板in thes板e terms半: The 扳company哎 covere氨d up th安e first百 report般, and t凹he loca捌l newsp搬aper un办covered唉 the co哎mpanys背 secret般. The c稗ompany 懊was for哀ced to 肮not loc跋a

2、te her办e (盎Collier爱 挨County吧). It b佰ecame p坝atently班 clear 袄that do肮ing the叭 least 八that is俺 legall懊y allow熬ed is n啊ot enou败gh.1-2澳矮1.暗版B版 拌巴2.哎肮B白 办隘3.啊摆E哀 袄凹4.邦肮F笆 伴绊5.挨般B爸 跋爱6.翱熬F碍 搬 跋哀7.板绊X阿巴8.挨坝E氨 摆白9.捌巴X罢 皑啊10.白叭B1-3岸a.俺凹$96,500氨 ($25,0罢00 + $7矮1,500)拔斑b.柏暗$67,750搬 ($82,7昂50 $1颁5,000)爸版c.案般$19

3、,500奥 ($37,0吧00 $1伴7,500)1-4坝a.昂邦$275,00岸0 ($475埃,000 把$200,00般0)斑背b.澳胺$310,00班0 ($275挨,000 + 跋$75,000埃 $40,佰000)阿懊c.霸俺$233,00搬0 ($275搬,000 稗$15,000盎 $27,胺000)伴鞍d.巴矮$465,00靶0 ($275挨,000 + 蔼$125,00唉0 + $65傲,000)氨俺e.案癌Net inc耙ome: $4伴5,000 (熬$425,00瓣0 $10坝5,000 笆 $275,0绊00)1-5捌敖a.靶捌owners芭 equity奥 柏笆b

4、.liabi暗lity巴 暗c.asset跋 办d.asset靶 颁唉e.owner笆s equi叭ty矮 百伴f.蔼 吧asset拌 1-6奥a.半百Increas隘es asse颁ts and 办increas凹es owne碍rs equ捌ity.矮挨b.耙芭Increas盎es asse鞍ts and 半increas拌es owne蔼rs equ安ity.板傲c.癌罢Decreas搬es asse爸ts and 挨decreas拔es owne熬rs equ唉ity.罢疤d.稗巴Increas澳es asse霸ts and 艾increas案es liab摆ilities拜.昂肮e.

5、霸矮Increas敖es asse笆ts and 罢decreas艾es asse版ts.1-7扳1.扒霸increas唉e案 哀鞍2.艾爸decreas蔼e拌 3.癌increas案e捌 懊4.扳绊decreas敖e1-8挨a.百伴(1)暗翱Sale of哀 cateri爸ng serv稗ices fo败r cash,案 $25,00拜0.扳案半拌(2)挨斑Purchas凹e of la爱nd for 疤cash, $爸10,000.跋般班捌(3)袄癌Payment懊 of exp疤enses, 八$16,000般.氨挨败胺(4)跋巴Purchas阿e of su版pplies 肮on ac

6、co板unt, $8板00.百碍暗胺(5)般邦Withdra蔼wal of 懊cash by颁 owner,袄 $2,000熬.哀芭伴爸(6)拔盎Payment氨 of cas败h to cr伴editors背, $10,6鞍00.把按隘耙(7)澳安Recogni昂tion of胺 cost o按f suppl班ies use爱d, $1,4蔼00.耙奥b.邦啊$13,600白 ($18,0艾00 $4芭,400)绊肮c.爸碍$5,600 懊($64,10跋0 $58吧,500)案败d.矮唉$7,600 柏($25,00暗0 $16敖,000 岸$1,400)哎笆e.白版$5,600 耙($7

7、,600白 $2,0岸00) 1-9熬It woul背d be in板correct爱 to say板 that t蔼he busi蔼ness ha伴d incur鞍red a n板et loss哎 of $21肮,750. T半he exce矮ss of t阿he with爸drawals叭 over t半he net 胺income 暗for the跋 period盎 is a d笆ecrease靶 in the澳 amount熬 of own半ers eq八uity in八 the bu班siness.1-10拌Balance稗 sheet 芭items: 癌1, 3, 4摆, 8, 9

8、,癌 101-11罢Income 吧stateme瓣nt item佰s: 2, 5耙, 6, 71-12瓣MADRAS 般COMPANY班Stateme般nt of O搬wners 蔼Equity半For the叭 Month 罢Ended A靶pril 30班, 2006办笆Leo Per摆kins, c胺apital,吧 April 扳1, 2006傲把把鞍芭$297,20翱0翱袄Net inc稗ome for百 the mo扒nth隘笆扒$73,000岸案Less wi班thdrawa岸ls阿翱班啊12,000爱暗Increas坝e in ow凹ners e碍quity版盎岸敖哎61,0

9、00昂罢Leo Per胺kins, c耙apital,绊 April 昂30, 200瓣6安奥伴氨$358,20胺01-13岸HERCULE搬S SERVI哀CES拔Income 瓣Stateme癌nt疤For the蔼 Month 班Ended N盎ovember爱 30, 20哀06安疤Fees ea隘rned昂哀鞍芭伴$232,12澳0捌鞍Operati扒ng expe疤nses:靶阿爱Wages e案xpense柏澳拔$100,10跋0疤拜安Rent ex拜pense唉芭胺佰35,000矮捌肮Supplie绊s expen敖se皑扒扳皑4,550耙唉昂Miscell八aneous 皑e

10、xpense蔼癌肮扮3,150肮蔼背坝Total o柏peratin办g expen皑ses耙挨捌耙啊凹142,800岸耙Net inc蔼ome癌啊百矮背$傲皑89,3201-14坝Balance扒 sheet:拌 b, c, 板e, f, h傲, i, j,拔 l, m, 邦n, o版Income 艾stateme背nt: a, 矮d, g, k败 1-15捌1.爸暗binves傲ting ac背tivity板 斑2.耙aopera瓣ting ac拜tivity吧3.绊昂cfinan搬cing ac绊tivity矮 柏4.aope氨rating 拔activit啊y1-16鞍a.败耙2003

11、: $扮10,209 霸($30,01摆1 $19摆,802)氨爱矮2002: $板8,312 (版$26,394哎 $18,芭082)柏b.癌艾2003: 0伴.52 ($1吧0,209 哎 $19,80坝2)霸扳2002: 0巴.46 ($8叭,312 靶$18,082敖)邦c.皑班The rat昂io of l碍iabilit蔼ies to 敖stockho班lders 颁equity 隘increas扮ed from芭 2002 t唉o 2003,哎 i背n傲dicatin板g an in把crease 斑in risk氨 for cr半editors班. Howev癌er, the碍

12、 assets摆 of The岸 Home D挨epot ar碍e more 耙than su阿fficien搬t to sa半tisfy c爸reditor敖 claims氨.半 Ch翱apter癌. 22-1癌挨Account稗斑靶Account哎八Number扮搬碍Account拜s Payab肮le埃拜21挨安案Account碍s Recei罢vable傲柏12伴斑扳Cash爱坝11搬般搬Corey K啊rum, Ca敖pital袄蔼31胺澳半Corey K版rum, Dr败awing巴颁32氨挨八Fees Ea艾rned矮爸41懊翱耙Land暗肮13柏半傲Miscell扮aneous

13、 碍Expense班扳53叭埃袄Supplie翱s Expen罢se白暗52笆半昂Wages E办xpense盎伴512-2颁Balance靶 Sheet 拔Account稗s耙扒Income 伴Stateme八nt A阿c柏counts百罢埃邦巴1.绊拜Assets爱班11艾办Cash癌摆12案把Account拜s Recei爸vable半敖13版矮Supplie挨s把斑14矮百Prepaid板 Insura爸nce伴Equipme邦nt奥把班皑2.爸瓣Liabili昂ties爱啊21爸版Account吧s Payab捌le凹Unearne矮d Rent拔翱隘按3.袄瓣Owners挨 Equ

14、ity般癌31皑伴Millard按 Fillmo柏re, Cap霸ital背按32捌俺Millard邦 Fillmo挨re, Dra按w颁ing按八坝肮爸4.搬爸Revenue敖Fees Ea氨rned斑敖袄鞍爸5.吧八Expense稗s扮颁邦51岸败Wages E八xpense耙耙霸52耙昂Rent Ex笆pense跋暗挨53皑罢Supplie半s Expen阿se扮叭袄59埃佰Miscell版aneous 拔Expense2-3疤a. and 艾b.碍伴扳阿Account邦 Debite摆d白鞍爸颁Account罢 Credit爱ed跋班Transac半tion耙傲Type版扳Effect

15、盎拔Type把版阿Effect邦稗背(1)澳摆asset邦败+绊捌owners板 e百q斑uity伴斑+拌傲(2)罢奥asset埃蔼+瓣按asset扳办百八(3)隘罢asset肮疤+瓣稗asset艾摆板八癌啊拌liabili胺ty版挨+半跋(4)吧把expense般扮+巴按asset隘爱疤哀(5)拔哎asset啊翱+艾吧revenue靶案+瓣凹(6)疤哀liabili佰ty岸伴疤肮asset懊傲肮半(7)暗爱asset霸安+扒巴asset扒啊般岸(8)扒拌drawing氨瓣+版百asset摆挨癌把(9)坝白expense板佰+澳背asset埃懊Ex. 24半蔼(1)胺阿Cash俺办八40,00

16、0靶百敖俺Ira Jan矮ke, Cap肮ital扮敖碍罢40,000叭叭(2)胺跋Supplie扳s唉邦罢1,800霸笆办敖Cash佰蔼扒邦1,800暗搬(3)靶柏Equipme扒nt哀稗般24,000岸埃哀败Account扮s Payab蔼le办拌盎俺15,000吧佰爸办Cash岸八罢埃9,000案罢(4)敖袄Operati班ng Expe伴nses扳耙肮3,050靶搬爱唉Cash扮安胺芭3,050哀百(5)埃佰Account哀s Recei熬vable八熬暗12,000隘案隘败Service傲 Revenu搬e拔癌板瓣12,000班胺(6)靶芭Account靶s Payab叭le笆昂奥7

17、,500案柏爸摆Cash叭办熬班7,500百氨(7)班扮Cash安艾鞍9,500背拜百捌Account板s Recei霸vable摆巴叭捌9,500安澳(8)扒伴Ira Jan半ke, Dra版wing摆岸翱5,000蔼蔼扮熬Cash敖绊百拌5,000皑埃(9)搬蔼Operati耙ng Expe胺nses哀挨疤1,050凹吧隘霸Supplie盎s半坝版拌1,0502-5安1.按奥debit a绊nd cred袄it (c)叭啊2.案拔debit a懊nd cred摆it (c)伴佰3.笆扳debit a隘nd cred矮it (c)伴碍4.败柏credit 白only (b爸)搬把5.阿般de

18、bit o般nly (a)颁稗6.哎巴debit o胺nly (a)案柏7.艾叭debit o埃nly (a)2-6癌a.挨百Liabili绊tycred笆it班搬f.挨般Revenue凹credit搬 傲拔b.哎按Assetd跋ebit 班扒g.邦奥Assetd鞍ebit昂碍c.岸百Assetd半ebit佰案h.耙癌Expense氨debit版肮d.癌盎Owners柏 equity颁 凹颁i.把埃Assetd熬ebit矮皑按懊(Cindy 挨Yost, C胺apital)唉credit艾哀j.柏巴Expense案debit败安e.俺靶Owners扮 equity佰摆巴白(Cindy 班Yos

19、t, D颁rawing)哀debit2-7拌a.版办credit艾蔼g.班碍debit跋安b.伴八credit伴笆h.暗办debit百拌c.胺哀debit百安i.懊版debit隘叭d.按暗credit办耙j.癌暗credit皑艾e.半盎debit伴绊k.般摆debit案白f.白敖credit板矮l.盎巴credit2-8碍a.矮胺Debit (瓣negativ暗e) bala案nce of 半$1,500 柏($10,50隘0 $4,凹000 $败8,000).柏 Such a霸 neg瓣a昂tive ba挨lance m板eans th哀at the 暗liabili澳ties of坝 Se

20、ths颁 busine芭ss exce熬ed the 邦a扒s八sets.阿蔼b.懊白Yes. Th耙e balan稗ce shee皑t prepa哀red at 按Decembe罢r 31 wi笆ll bala氨nce, wi版th Seth百 Fite, 蔼Capital岸, being稗 report奥ed in t昂he owne傲rs equ拔ity sec凹tion as埃 a nega艾tive $1佰,500.2-9挨a.笆凹The inc隘rease o颁f $啊28,750 坝in奥 the ca叭sh acco肮unt doe坝s not i耙ndicate懊 earni

21、n板gs of t吧hat amo背unt. Ea耙rnings 案will re佰present安 the ne案t chang拌e in al柏l asset盎s and l皑iabil挨i俺ties fr俺om oper敖ating t背ransact叭ions.鞍绊b.傲唉$7,550 盎($36,30伴0 $28百,750)2-10安a.案隘$40,550熬 ($7,85埃0 + $41安,850 疤$9,150)扒背b.搬蔼$63,000斑 ($61,0捌00 + $1稗7,500 吧 $15,50懊0)邦拌c.鞍安$20,800跋 ($40,5瓣00 $5叭7,700 +鞍 $3

22、8,00翱0)2-112005肮Aug.阿氨1安袄Rent Ex肮pense跋颁爱1,500氨鞍鞍矮Cash暗跋安昂1,500办奥2百俺Adverti袄sing Ex巴pense百唉扒700翱矮阿昂Cash靶挨伴板700拜暗4疤蔼Supplie矮s坝澳啊1,050摆肮唉矮Cash拌稗扒班1,050版板6把稗Office 奥Equipme隘nt蔼佰翱7,500矮板芭鞍Account啊s Payab百le邦案敖澳7,500班芭8吧熬Cash唉巴佰3,600拔安肮靶Account班s Recei扳vable笆半佰靶3,600鞍罢12暗拜Account般s Payab俺le绊办扮1,150半暗澳拔Ca

23、sh扒皑斑办1,150版爱20耙摆Gayle M靶cCall, 熬Drawing肮碍拔1,000懊叭罢白Cash疤耙敖伴1,000昂柏25搬斑Miscell拌aneous 扮Expense拌叭肮500颁巴哀熬Cash暗叭啊叭500办哎30凹俺Utiliti案es Expe氨nse拌艾埃195哎靶矮暗Cash坝挨扮般195胺罢31叭熬Account罢s Recei挨vable敖半岸10,150霸白哎胺Fees Ea疤rned把罢把安10,150半半31般疤Utiliti岸es Expe啊nse安跋吧380癌氨拌版Cash俺爸罢伴3802-12a.傲稗敖搬JOURNAL氨艾Page 43Post.

24、靶Date办邦把Descrip案tion盎翱Ref.佰啊Debit啊八Credit2006啊Oct.拔奥27摆鞍Supplie班s罢暗扳15啊耙1,320隘摆胺版Account颁s Payab矮le澳傲拜21佰邦把1,320爸案霸靶芭Purchas搬ed supp岸lies on啊 accoun白t.耙b., c.,摆 d.袄Supplie扒s般熬扮按15背埃Post.袄八扳Ba凹l坝ance把背Date袄暗Item艾扳Ref.扮昂Dr.唉矮Cr.捌般Dr.瓣耙Cr.2006熬Oct.霸暗1澳霸Balance靶挨板扒凹版昂岸稗585蔼佰跋俺27唉敖肮霸43疤扳班1,320爸般搬俺靶1,905碍

25、敖疤Account拔s Payab吧le版傲哀212006碍Oct.霸背1捌笆Balance罢搬爸扳按版拜吧白吧氨6,150矮翱27挨巴阿班43斑蔼埃俺稗1,320澳绊澳拌爱7,4702-13霸Inequal般ity of 版trial b啊alance 巴totals 斑would b哀e cause肮d by er疤rors de哀scribed半 in (b)班 and (d斑).2-14靶ESCALAD般E CO.瓣Trial B按alance邦Decembe按r 31, 2瓣006胺Cash懊皑把唉13,375耙Account暗s Recei俺vable哀绊翱霸24,600把Prep

26、aid拔 Insura挨nce罢摆笆奥8,000扮Equipme澳nt袄霸扳板75,000傲Account班s Payab坝le哀巴隘胺熬翱11,180癌Unearne伴d Rent扮斑吧柏隘唉4,250鞍Erin Ca半pelli, 蔼Capital蔼傲按佰盎百82,420霸Erin Ca氨pelli, 傲Drawing碍熬昂敖10,000扳Service把 Revenu艾e笆稗癌岸拌八83,750稗Wages E八xpense办八芭阿42,000霸Adverti柏sing Ex唉pense半百办百7,200暗Miscell奥aneous 肮Expense百敖按爱1,425暗邦把扮绊哎181

27、,600绊 罢181,6002-15罢a.翱傲Gerald 矮Owen, D隘rawing隘昂搬15,000艾芭懊奥Wages E把xpense跋罢邦拔15,000懊碍b.八瓣Prepaid阿 Rent瓣扮半4,500版巴拌拔Cash斑拜袄案4,5002-16版题拜目的翱资矮料不全, 答案皑略.2-17白a.岸靶跋跋KMART C俺ORPORAT拔ION啊Income 柏Stateme蔼nt靶For the绊 Years 唉Ending 癌January扳 31, 20氨00 and 搬1999斑(in mil版lions)啊版耙阿Increas扳e (Decr佰ease阿)奥盎罢2000敖暗

28、柏挨1999胺吧百Amount癌哀Percent氨败1.艾佰Sales跋暗叭$拌扒37,028斑佰$跋办35,925袄跋$昂捌1,103岸盎3.1%奥疤2.笆疤Cost of爱 sales耙傲败拔(29,658吧)拜百鞍(28,111傲)拔隘靶1,547百办5.5%隘爸3.袄拌Selling扮, gener哀al, and摆 admin.百 翱expense澳s把蔼绊澳(7,415埃)阿班把(6,514胺)暗案爸901把俺13.8%办矮4.芭疤Operati肮ng inco白me (los隘s) 靶before 绊taxes扮盎奥$胺靶(45吧)百隘$唉柏1,300昂岸$(1,345哀)挨碍(

29、103.5%哀)版b.霸拜The hor半izontal耙 analys摆is of K按mart Co吧rporati笆on reve碍als det哀eriorat案ing ope鞍rating 奥results氨 from 1暗999 to 拜2000. W澳hile sa搬les inc吧reased 傲by $1,1盎03 mill翱ion, a 白3.1% i把n办crease,把 cost o氨f sales摆 increa岸sed by 奥$1,547 碍million碍, a 5.5皑% incre埃ase. Se哎lling, 拜general瓣, and a敖dminis

30、t扒rative 哎expense奥s also 霸increas俺ed by $氨901 mil班lion, a罢 13.8% 爸increas鞍e. The 笆end res把ult was版 that o版peratin阿g incom蔼e decre伴ased by柏 $1,345笆 mi板l背lion, o安ver a 1肮00% dec瓣rease, 隘and cre袄ated a 案$45 mil皑lion lo颁ss in 2癌000. Li袄ttle ov稗er a ye翱ar late昂r, Kmar白t filed八 for ba八nkruptc按y prote皑ctio

31、n. 氨It has 扒now eme半rged fr般om bank吧ruptcy,罢 hoping澳 to ret搬urn to 澳profita按bility.3-1百1.唉邦Accrued斑 expens凹e (accr澳ued lia百bi板l阿ity)伴2.爸疤Deferre啊d expen肮se (pre般paid e笆x隘pense)佰3.岸哀Deferre颁d reven拌ue (une靶arned r般ev吧e碍nue)佰4.伴爸Accrued昂 revenu版e (accr办ued ass安et)敖5.安芭Accrued奥 expens背e (accr皑ued lia坝b

32、i袄l澳ity)柏6.叭安Accrued肮 expens巴e (accr癌ued lia扒bility)阿7.蔼岸Deferre搬d expen暗se (pre稗paid e柏x哎pense)靶8.吧翱Deferre隘d reven埃ue (une拔arned r把ev爱e坝nue)3-2瓣Supplie拔s Expen拌se把颁癌801绊吧佰Supplie奥s按把哎佰8013-3暗$1,067 百($118 +笆 $949)3-4皑a.隘鞍Insuran扮ce expe班nse (or搬 expens芭es) wil耙l be un岸derstat隘ed. Net瓣 income罢 will

33、 b扮e ove耙r扳stated.蔼b.岸白Prepaid埃 insura鞍nce (or氨 assets挨) will 拜be over捌stated.斑 Owner扮s equit敖y will 鞍be ove办r靶stated.3-5半a.把败Insuran凹ce Expe拜nse颁皑氨1,215奥碍瓣Prepaid癌 Insura蔼nce胺盎爸隘1,215捌b.扳碍Insuran稗ce Expe巴nse艾昂唉1,215盎敖跋Prepaid艾 Insura佰nce芭般颁敖1,2153-6扳Unearne奥d Fees埃百把9,570凹吧巴Fees Ea爸rned阿阿邦凹9,5703-7

34、矮a.敖办Salary 拜Expense挨癌霸9,360捌拜扮Salarie邦s Payab案le埃瓣懊巴9,360安b.叭斑Salary 伴Expense佰笆澳12,480岸扒败Salarie疤s Payab碍le邦按背矮12,4803-8佰$59,850氨 ($63,0阿00 $3办,150)3-9稗$195,81俺6,000 (安$128,77鞍6,000 +绊 $67,04奥0,000)3-10般Error (矮a)啊斑Error (爱b)巴跋Over-搬艾Under-巴八Over-氨澳Under-阿绊stated翱百stated稗拌stated扮艾stated隘1.啊半Revenue

35、笆 for th袄e year 板would b蔼e懊盎阿$白笆0盎扒$6,900哎埃$白绊0盎败$澳爸0斑2.按盎Expense叭s for t败he year暗 would 般be捌鞍吧0颁哎0芭熬0澳盎3,740埃3.颁昂Net inc拌ome for斑 the ye澳ar woul搬d be八拌胺0班哀6,900捌隘3,740拜版0皑4.扳暗Assets 懊at Dece白mber 31颁 would 案be疤隘坝0吧绊0案癌0扒啊0碍5.胺百Liabili袄ties at俺 Decemb伴er 31 w捌ould be爱笆皑6,900八败0拜笆0哀板3,740扳6.半俺Owners啊

36、 equity败 at Dec安ember 3邦1 伴敖would b背e胺芭靶0办斑6,900瓣背3,740矮敖03-11翱$175,84捌0 ($172胺,680 + 皑$6,900 班 $3,74扳0)3-12啊a.扳斑Account袄s Recei跋vable扒矮拔11,500按瓣颁Fees Ea扳rned叭氨柏白11,500芭b.坝拔No. If 背the cas叭h basis碍 of acc斑ounting暗 is use拌d, reve暗nues ar斑e recog癌nized o氨nly whe摆n the c稗ash is 盎receive搬d. Ther罢efore,

37、把earned 胺but unb半illed r扮evenues敖 would 澳not be 班recogni埃zed in 按the acc耙ounts, 啊and no 巴adjusti拔ng entr肮y would靶 be nec败e耙s碍sary.3-13岸a.搬盎Fees ea疤rned (o阿r reven败ues) wi碍ll be u绊ndersta扒ted. Ne拔t incom背e will 哀be unde板r笆stated.班b.笆哀Account般s (fees败) recei罢vable (昂or asse吧ts) wil叭l be un疤derstat拌ed.

38、 Own翱ers eq伴uity wi蔼ll be u鞍nde氨r安stated.3-14笆Depreci奥ation E奥xpense奥百版5,200邦哀伴Accumul俺ated D哀e澳preciat巴ion班颁俺罢5,2003-15巴a.暗罢$204,60版0 ($318肮,500 半$113,90拔0)拔b.袄胺No. Dep傲reciati皑on is a盎n alloc拔ation o唉f the c版ost of 笆the equ白ipment 斑to the 颁periods翱 benefi把t爸ing fro氨m its u安se. It 哀does no蔼t neces摆

39、sarily 拌relate 罢to valu拔e or lo熬ss of v绊alue.3-16澳a.板芭$2,268,安000,000瓣 ($5,89安1,000,0矮00 $3岸,623,00拜0,000)半b.疤笆No. Dep摆reciati佰on is a袄n alloc笆ation m碍ethod, 芭not a v胺aluatio啊n metho半d. That般 is, d绊e盎preciat岸ion all胺ocates 办the cos版t of a 安fixed a白sset ov靶er its 啊useful 斑life. D暗eprecia稗tion do矮es n

40、ot 柏attempt肮 to mea巴sure ma板rket va安lues, w扒hich ma白y vary 蔼signifi昂cantly 背from ye办ar to y哎ear.3-17耙a.版皑Depreci摆ation E八xpense板般版7,500摆罢皑Accumul拔ated D坝e拜preciat耙ion瓣懊版叭7,500班b.霸澳(1)暗八Depreci埃ation e佰xpense 隘would b碍e under皑stated.跋 Net in安come wo疤uld be 般ove碍r背stated.挨斑(2)巴斑Accumul哎ated de霸preciat

41、扳ion wou版ld be u翱ndersta般ted, an敖d total拔 assets唉 would 凹be over盎stated.芭 Owner隘s equit巴y would傲 be ove啊r翱stated.3-18捌1.扮白Account半s Recei耙vable办霸胺4白拔暗Fees Ea绊rned绊捌爱凹4俺2.霸扒Supplie叭s Expen扳se笆疤癌3扮芭捌Supplie翱s伴肮拜暗3拜3.俺半Insuran澳ce Expe凹nse皑拜板8暗把奥Prepaid板 Insura版nce袄摆版懊8背4.班疤Depreci办ation E埃xpense按办绊5鞍癌拔

42、Accumul百ated De板preciat哀ionEqu邦ipment翱爱熬摆5翱5.败肮Wages E爱xpense俺安爱1罢白盎Wages P翱ayable凹暗拜把13-19安a.拌颁Dell Co安mputer 笆Corpora奥tion拜案白颁斑芭翱Amount唉巴摆Pe敖r胺cent拔胺Net sal瓣es斑摆$35,404埃,000澳俺100.0扒凹Cost of罢 goods 肮sold柏般邦(29,055熬,000)佰挨瓣82.1伴扳Operati伴ng expe熬nses按靶叭(3,505,板000版)邦鞍摆9.9按案Operati昂ng inco拔me (los胺s)摆

43、白$耙俺2,844,0癌00耙挨巴8.0安b.跋凹Gateway把 Inc.隘俺爱拔按巴拔Amount鞍叭蔼Pe艾r爸cent芭佰Net sal敖es 盎爱$矮皑4,171,3霸25拌白100.0啊碍Cost of按 goods 耙sold白版艾(3,605,氨120)把邦白86.4澳澳Operati罢ng expe颁nses哎捌熬(1,077,傲447柏)稗白阿25.8背版Operati艾ng inco芭me (los安s)扒安$阿懊(511,24蔼2鞍)罢罢跋(12.2八)白c.奥埃Dell is爸 more p百rofitab艾le than百 Gatewa唉y. Spec拔ifical

44、l瓣y, Dell搬s cost奥 of goo鞍ds sold扳 of 82.巴1% is s佰ignific蔼antly l袄ess (4.半3%) tha癌n Gatew奥ays co唉st of g扒oods so半ld of 8翱6.4%. I班n addit把ion, Ga氨teways奥 operat把ing exp伴enses a碍re over耙 one-fo袄urth of班 sales,斑 while 澳Dells 瓣operati敖ng expe熬nses ar笆e 9.9% 摆of sale案s. The 熬result 挨is that熬 Dell g笆enerat

45、e巴s an op昂erating捌 income八 of 8.0稗% of sa矮les, wh搬ile Gat吧eway ge扒n氨erates 扒a loss 把of 12.2唉% of sa笆les. Ob按viously斑, Gatew版ay must案 improv颁e its o班peratio百ns if i翱t is to版 r安e罢main in隘 busine哀ss and 伴remain 半competi巴tive wi白th Dell奥.4-1邦e, c, g隘, b, f,癌 a, d4-2百a.办癌Income 挨stateme瓣nt: 3, 颁8, 9绊懊b.奥

46、案Balance俺 sheet:版 1, 2, 癌4, 5, 6背, 7, 104-3氨a.邦安Asset: 柏1, 4, 5班, 6, 10叭敖b.埃背Liabili盎ty: 9, 氨12唉伴c.柏皑Revenue芭: 2, 7鞍八d.办瓣Expense昂: 3, 8,熬 114-41.f2.c3.b4.h5.g6.j7.a8.i9.d10.e45板ITHACA 芭SERVICE白S CO.懊Work Sh捌eet案For the拜 Year E盎nded Ja哎nuary 3百1, 2006鞍盎版佰Adjuste百d扒靶Trial B白alance扮板Adjustm坝ents邦扮Trial

47、 B柏alance耙稗Account佰 Title癌败Dr.啊把Cr.懊扒Dr.叭邦Cr.板搬Dr.鞍胺Cr.把啊案1罢肮Cash办奥8罢板拔扳敖败氨8跋柏半1鞍瓣2阿鞍Account碍s Recei靶vable澳昂50岸案安(a)斑斑7捌俺笆艾57颁熬板2癌坝3版摆Supplie版s啊肮8稗爱疤巴鞍(b)半把5芭暗3佰翱癌3爸靶4坝捌Prepaid扮 Insura癌nce摆案12败暗唉奥暗(c)巴唉6笆傲6班安柏4绊俺5拌巴Land胺板50巴肮办笆哎按俺50胺胺伴5岸皑6傲蔼Equipme氨nt挨板32斑案蔼笆凹扮隘32安邦肮6奥叭7跋矮Accum. 叭Depr.E翱quip.隘邦氨2颁半靶

48、八(d)捌碍5巴半傲7隘办7埃扳8百把Account啊s Payab拜le碍鞍败26捌隘芭瓣碍拜巴26稗傲8耙爱9板爸Wages P拌ayable笆唉疤0捌靶昂伴(e)罢袄1案霸败1搬佰9爸白10般癌Terry D爸agley, 爸Capital拔邦懊112柏佰般唉胺柏坝112斑霸10癌癌11俺爱Terry D皑agley, 懊Dra艾w皑ing按爸8白伴柏颁把俺皑8爱扒拜11疤疤12芭白Fees Ea皑rned啊安爸60办版班埃(a)凹扒7绊霸澳67拔芭12吧埃13隘氨Wages E拔xpense佰板16叭拔艾(e)扳盎1芭唉碍艾17拔颁阿13按哀14白把Rent Ex坝pense败挨8哀埃

49、背摆挨拌搬8岸佰矮14佰班15奥办Insuran霸ce Expe伴nse斑坝0半哀翱(c)俺版6吧艾叭跋6胺奥版15伴败16败盎Utiliti昂es Expe霸nse隘版6瓣袄斑按奥哀奥6癌爸埃16颁昂17鞍安Depreci盎ation E版xpense鞍白0皑矮案(d)翱挨5坝霸罢半5拜靶耙17芭啊18皑邦Supplie氨s Expen斑se埃拌0碍芭肮(b)胺拌5叭案扒百5拌唉叭18哀拜19佰艾Miscell熬aneous 澳Expense哎白疤2奥扮懊矮癌昂肮爸按案罢2办挨埃斑19按靶20阿百Totals盎氨绊200跋搬挨200鞍挨半24埃芭唉24板隘蔼213敖罢袄213罢鞍 绊 扳20

50、瓣Continu吧e肮ITHACA 坝SERVICE坝S CO.岸Work Sh哎eet跋For the皑 Year E柏nded Ja矮nuary 3绊1, 2006搬拔Adjuste半d邦办Income坝胺Balance版班Trial B艾alance昂盎Stateme暗nt啊败笆Sheet办凹搬Account唉 Title鞍阿Dr.疤疤Cr.捌懊Dr.艾碍Cr.哎隘Dr.按叭Cr.邦案1翱伴Cash拜摆8霸鞍艾翱安啊办8八芭皑1罢瓣2澳拜Account班s Recei阿vable袄叭57笆扒矮笆伴澳耙57哀芭拌2癌巴3按皑Supplie吧s翱懊3傲邦癌癌霸班鞍3斑板爱3安暗4扳岸Prep

51、aid版 Insura袄nce蔼背6百捌芭傲瓣爱拌6隘邦摆4白澳5艾傲Land阿癌50柏蔼瓣凹吧懊罢50百鞍懊5按疤6碍笆Equipme跋nt邦蔼32半昂摆翱瓣背败32佰芭埃6颁柏7爸颁Accum. 案Depr.E芭quip.凹柏搬7按疤爸疤唉翱熬7搬版7昂八8拜巴Account疤s Payab跋le盎敖袄26扒凹邦搬叭安叭26哀班8凹爸9扮肮Wages P岸ayable坝颁熬1爸癌败氨唉伴绊1案哀9跋笆10拜柏Terry D斑agley, 碍Capital俺拌鞍112岸唉百傲疤肮霸112败芭10啊皑11鞍伴Terry D澳agley, 哎Drawing蔼般8扒靶艾翱芭案啊8扮扮傲11扒摆12

52、败版Fees Ea碍rned跋吧版67颁啊斑般按67扮八啊版12白柏13绊昂Wages E澳xpense矮碍17安俺班傲17瓣隘澳澳澳斑13绊盎14熬办Rent Ex昂pense阿耙8吧把胺氨8哎坝吧挨吧版14啊芭15扮疤Insuran巴ce Expe袄nse版坝6耙阿皑矮6哀白疤坝败矮15氨隘16捌斑Utiliti稗es Expe暗nse拌稗6稗傲拔爱6俺袄艾绊爸俺16罢艾17办颁Depreci矮ation E哀xpense办氨5袄拔奥耙5奥伴奥隘矮哎17昂扳18盎熬Supplie伴s Expen哀se板敖5癌肮凹爸5蔼翱袄敖邦啊18癌巴19败哎Miscell败aneous 霸Expense

53、颁氨捌2矮坝肮挨霸柏2芭敖拜罢绊笆疤败班搬19哎罢20霸氨Totals拜把佰213翱芭澳213拌盎矮49笆案佰67拔案164肮柏146唉吧20隘吧21凹办Net inc版ome (lo唉ss)澳绊扮啊澳鞍18哎败拔隘扒爱懊办18俺哎21蔼暗22傲颁敖芭阿芭67懊拌疤67案矮伴164芭佰埃164安案224-6岸ITHACA 熬SERVICE办S CO.芭Income 啊Stateme百nt昂For the白 Year E爱nded Ja拜nuary 3扒1, 2006摆Fees ea瓣rned板八昂柏$67奥Expense傲s:胺吧Wages e芭xpense懊暗阿$17氨皑Rent ex叭pe

54、nse版疤阿8吧阿Insuran班ce expe巴nse安柏芭6安靶Utiliti绊es expe艾nse邦胺阿6懊耙Depreci八ation e艾xpense伴癌氨5奥拜Supplie伴s expen吧se颁按背5啊板Miscell捌aneous 唉expense岸把伴背2蔼埃艾Total e袄xpenses氨拌唉邦皑49耙Net inc拌ome唉胺颁捌$18芭ITHACA 绊SERVICE佰S CO.敖Stateme澳nt of O捌wners 稗Equity埃For the皑 Year E暗nded Ja扮nuary 3挨1, 2006哀Terry D瓣agley, 啊capital氨

55、, Febru凹ary 1, 矮2005扮版熬敖$112挨Net inc佰ome for氨 the ye颁ar埃傲耙$18肮Less wi板thdrawa胺ls哀凹捌唉8蔼Increas霸e in ow爱ners e瓣quity佰疤袄柏把10白Terry D拌agley, 板capital瓣, Janua摆ry 31, 拔2006俺罢稗敖$122挨ITHACA 盎SERVICE霸S CO.耙Balance佰 Sheet啊January耙 31, 20按06唉半Assets佰稗Liabili扳ties岸Current罢 assets办:奥胺Current拔 liabil叭ities:巴绊Cash

56、安跋隘扒$八凹8芭吧八唉Account爸s payab案le邦拌啊$26耙鞍Account邦s recei案vable案罢爱柏57傲翱板凹Wages p瓣ayable蔼肮稗办1碍敖Supplie隘s捌百靶胺3扒拜按俺捌Total l八iabil癌i柏ties疤唉败敖$败白27爱般Prepaid熬 insura敖nce暗拌癌疤唉6啊靶安Total c版urrent 班assets把芭拌疤胺$巴挨74般Propert斑y, plan搬t, and拔哎扮安霸矮Owners坝 E板q袄uity拔氨equipme绊nt:爸懊熬岸昂Terry D鞍agley, 搬capital般暗氨耙捌122败绊Land

57、跋拌背搬$50靶稗Equipme捌nt爸爸艾$32敖暗Less ac岸cum. de哀pr.懊稗安跋7稗扒艾25埃摆胺Total p埃roperty唉, plant办, 唉稗笆办and equ昂ipment皑搬俺爸唉75唉坝Total l懊iabil爱i绊ties an懊d半Total a笆ssets半坝巴肮矮$149笆扮氨owners稗 equity扒般挨氨$1494-72006百Jan.傲叭31碍把Account叭s Recei俺vable霸傲捌7扮拔摆昂Fees Ea败rned凹办背拌7肮坝31唉俺Supplie按s Expen按se懊邦颁5肮拌耙版Supplie柏s摆懊吧盎5氨版31拜

58、奥Insuran疤ce Expe哎nse芭岸胺6埃办爸哎Prepaid哎 Insura扳nce邦熬隘半6胺拌31碍般Depreci绊ation E懊xpense啊傲爱5啊奥斑奥Accumul案ated De澳preciat阿ionEqu颁ipment摆唉胺隘5白敖31半芭Wages E矮xpense埃敖捌1般胺拌佰Wages P跋ayable伴埃爸熬14-82006澳Jan.板伴31白扒Fees Ea笆rned袄氨扒67白阿八版Income 耙Summary拜熬办笆67伴安31班拌Income 吧Summary肮邦挨49半澳爱蔼Wages E癌xpense矮碍暗吧17傲啊岸癌Rent Ex爸p

59、ense背扒埃跋8肮颁挨拔Insuran翱ce Expe艾nse挨靶肮袄6昂柏罢隘Utiliti拔es Expe肮nse跋案绊八6敖柏八叭Depreci案ation E白xpense肮氨般傲5稗癌芭肮Supplie拌s Expen袄se叭吧挨板5奥爱懊胺Miscell绊aneous 伴Expense板暗唉巴2胺皑31巴背Income 爸Summary巴澳扒18班芭叭懊Terry D叭agley, 盎Capital埃版颁敖18拔凹31拜瓣Terry D疤agley, 摆Capital暗袄隘8捌傲版胺Terry D敖agley, 哎Drawing啊百翱凹84-9般SIROCCO叭 SERVIC扳E

60、S CO.癌Income 埃Stateme搬nt拜For the佰 Year E笆nded Ma扮rch 31,按 2006拜Service碍 revenu拜e暗扒叭奥$103,85奥0伴Operati耙ng expe拌nses:颁坝Wages e扮xpense败邦霸$56,800阿阿Rent ex把pense挨罢搬21,270案把Utiliti安es expe跋nse凹肮坝11,500安绊Depreci伴ation e搬xpense靶俺埃8,000颁吧Insuran癌ce expe蔼nse靶班笆4,100袄芭Supplie矮s expen哎se颁般拌3,100隘板Miscell傲aneous