第19版会计学原理第五章课后答案df.pdf

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2、005,9005,9005,900PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise ononononcredit.credit.credit.credit.3 3 3 3MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.330330330330CashCashCashCash.330330330330PaidPaidPaidPaid shippingshippingsh

3、ippingshipping chargeschargeschargescharges ononononpurchasedpurchasedpurchasedpurchased merchandise.merchandise.merchandise.merchandise.4 4 4 4.AccountsAccountsAccountsAccountsPayablePayablePayablePayableJohnsJohnsJohnsJohns.900900900900MerchandiseMerchandiseMerchandiseMerchandise InventoryInventor

4、yInventoryInventory.900900900900ReturnedReturnedReturnedReturned unacceptableunacceptableunacceptableunacceptablemerchandise.merchandise.merchandise.merchandise.17171717.AccountsAccountsAccountsAccountsPayablePayablePayablePayableJohnsJohnsJohnsJohns.5,0005,0005,0005,000MerchandiseMerchandiseMerchan

5、diseMerchandise Inventory*Inventory*Inventory*Inventory*.100100100100CashCashCashCash.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%)withinwithinwithinwithindiscountdiscountdiscoun

6、tdiscount period.period.period.period.18181818MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.12,25012,25012,25012,250AccountsAccountsAccountsAccounts PayablePayablePayablePayableWilliamWilliamWilliamWilliam.12,25012,25012,25012,250PurchasedPurchasedPurchasedPurchas

7、ed merchandisemerchandisemerchandisemerchandise ononononcredit.credit.credit.credit.21212121.AccountsAccountsAccountsAccountsPayablePayablePayablePayableWilliamWilliamWilliamWilliam.3,2503,2503,2503,250MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.3,2503,2503,2503

8、,250ReceivedReceivedReceivedReceived anananan allowanceallowanceallowanceallowance ononononpurchase.purchase.purchase.purchase.28282828.AccountsAccountsAccountsAccountsPayablePayablePayablePayableWilliamWilliamWilliamWilliam.9,0009,0009,0009,000MerchandiseMerchandiseMerchandiseMerchandise Inventory*

9、Inventory*Inventory*Inventory*.180180180180CashCashCashCash.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%)withinwithinwithinwithindiscountdiscountdiscountdiscount peri

10、od.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 CompanyCompanyCompanyCompanyCreditCreditCreditCredit PurchasePurchasePurchasePurchaseMerchandiseMerchandiseMerchandiseMerchan

11、dise InventoryInventoryInventoryInventory.30,00030,00030,00030,000AccountsAccountsAccountsAccounts PayablePayablePayablePayable.30,00030,00030,00030,000PurchasedPurchasedPurchasedPurchased merchandisemerchandisemerchandisemerchandise ononononcredit.credit.credit.credit.CashCashCashCash PaymentPaymen

12、tPaymentPaymentAccountsAccountsAccountsAccounts PayablePayablePayablePayable.30,00030,00030,00030,000MerchandiseMerchandiseMerchandiseMerchandise Inventory*Inventory*Inventory*Inventory*.600600600600CashCashCashCash.29,40029,40029,40029,400PaidPaidPaidPaid accountaccountaccountaccount payablepayable

13、payablepayable 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 CompanyCompanyCompanyCompanyCreditCreditCreditCredit SaleSaleSaleSaleAccountsAccountsAcc

14、ountsAccounts ReceivableReceivableReceivableReceivable.30,00030,00030,00030,000SalesSalesSalesSales.30,00030,00030,00030,000SoldSoldSoldSold merchandisemerchandisemerchandisemerchandise onononon account.account.account.account.CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold.20,10020,

15、10020,10020,100MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.20,10020,10020,10020,100ToToToTo recordrecordrecordrecord costcostcostcost ofofofof sale.sale.sale.sale.CashCashCashCash CollectionCollectionCollectionCollectionCashCashCashCash.29,40029,40029,40029,400S

16、alesSalesSalesSales DiscountsDiscountsDiscountsDiscounts.600600600600AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable.30,00030,00030,00030,000CollectedCollectedCollectedCollected accountaccountaccountaccount receivable.receivable.receivable.receivable.3.3.3.3.AmountAmountAmo

17、untAmount borrowedborrowedborrowedborrowed totototo paypaypaypay withwithwithwith discountdiscountdiscountdiscount.$29,400.00$29,400.00$29,400.00$29,400.00AnnualAnnualAnnualAnnual raterateraterate ofofofof interestinterestinterestinterest.x x x x 8%8%8%8%InterestInterestInterestInterest perperperper

18、 yearyearyearyear.$2,352.002,352.002,352.002,352.00InterestInterestInterestInterest perperperper daydaydayday($2,352.00($2,352.00($2,352.00($2,352.00/365365365365 days)days)days)days).$6.446.446.446.44SavingsSavingsSavingsSavings fromfromfromfrom discountdiscountdiscountdiscount takentakentakentaken

19、.$600.00600.00600.00600.00InterestInterestInterestInterest 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 borrowingborrowingborrow

20、ingborrowing totototo paypaypaypay inininin discountdiscountdiscountdiscount periodperiodperiodperiod.$277.81277.81277.81277.81ExerciseExerciseExerciseExercise 5-45-45-45-4(30(30(30(30 minutes)minutes)minutes)minutes)MayMayMayMay5 5 5 5 AccountsAccountsAccountsAccounts ReceivableReceivableReceivable

21、Receivable.7,9207,9207,9207,920SalesSalesSalesSales.7,9207,9207,9207,920SoldSoldSoldSold 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,

22、040MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.5,0405,0405,0405,040ToToToTo 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 a

23、ndandandand AllowancesAllowancesAllowancesAllowances.2,7612,7612,7612,761AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable.2,7612,7612,7612,761AcceptedAcceptedAcceptedAccepted a a a a returnreturnreturnreturn fromfromfromfrom a a a a customercustomercustomercustomer(251(251(2

24、51(251 x x x x$11).$11).$11).$11).7 7 7 7MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.1,7571,7571,7571,757CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold.1,7571,7571,7571,757ReturnedReturnedReturnedReturned merchandisemerchandisemerchandisemerchan

25、dise 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.180180180180AccountsAccountsAccountsAccounts ReceivableReceivableReceivableRec

26、eivable.180180180180GrantedGrantedGrantedGranted allowanceallowanceallowanceallowance forforforfor damageddamageddamageddamagedmerchandise.merchandise.merchandise.merchandise.c.c.c.c.MayMayMayMay 15151515SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAll

27、owances.411411411411AccountsAccountsAccountsAccounts ReceivableReceivableReceivableReceivable.411411411411GrantedGrantedGrantedGranted allowanceallowanceallowanceallowance forforforfor mis-coloredmis-coloredmis-coloredmis-coloredmerchandisemerchandisemerchandisemerchandise andandandand acceptedaccep

28、tedacceptedaccepted a a a a returnreturnreturnreturnfromfromfromfrom a a a a customercustomercustomercustomer forforforfor thethethethe mis-coloredmis-coloredmis-coloredmis-coloredmerchandisemerchandisemerchandisemerchandise$92$92$92$92+(29(29(29(29 x x x x$11).$11).$11).$11).15151515MerchandiseMerc

29、handiseMerchandiseMerchandise InventoryInventoryInventoryInventory.203203203203CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold.203203203203ReturnedReturnedReturnedReturned merchandisemerchandisemerchandisemerchandise totototo inventoryinventoryinventoryinventory(29(29(29(29 x x x x$7

30、).$7).$7).$7).ExerciseExerciseExerciseExercise 5-55-55-55-5(15(15(15(15 minutes)minutes)minutes)minutes)MayMayMayMay5 5 5 5 MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.7,9207,9207,9207,920AccountsAccountsAccountsAccounts PayablePayablePayablePayable.7,9207,9207,

31、9207,920PurchasedPurchasedPurchasedPurchased 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.2,7612,7612,7612,761MerchandiseMerchandiseM

32、erchandiseMerchandise InventoryInventoryInventoryInventory.2,7612,7612,7612,761ReturnedReturnedReturnedReturned unwantedunwantedunwantedunwanted merchandisemerchandisemerchandisemerchandise(251(251(251(251x x x x$11).$11).$11).$11).b.b.b.b.MayMayMayMay8 8 8 8 AccountsAccountsAccountsAccounts Payable

33、PayablePayablePayable.180180180180MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.180180180180ToToToTo recordrecordrecordrecord allowanceallowanceallowanceallowance forforforfor damageddamageddamageddamagedmerchandise.merchandise.merchandise.merchandise.c.c.c.c.MayM

34、ayMayMay 15151515AccountsAccountsAccountsAccounts PayablePayablePayablePayable.411411411411MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.411411411411ToToToTo recordrecordrecordrecord allowanceallowanceallowanceallowance forforforfor mis-coloredmis-coloredmis-color

35、edmis-coloredgoodsgoodsgoodsgoods andandandand returnreturnreturnreturn ofofofof mis-coloredmis-coloredmis-coloredmis-coloredmerchandisemerchandisemerchandisemerchandise$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)m

36、inutes)minutes)AdjustingAdjustingAdjustingAdjusting entriesentriesentriesentriesDec.Dec.Dec.Dec.31313131 SalesSalesSalesSales SalariesSalariesSalariesSalaries ExpenseExpenseExpenseExpense.1,7001,7001,7001,700SalariesSalariesSalariesSalaries PayablePayablePayablePayable.1,7001,7001,7001,700ToToToTo r

37、ecordrecordrecordrecord accruedaccruedaccruedaccrued salaries.salaries.salaries.salaries.Dec.Dec.Dec.Dec.31313131 SellingSellingSellingSelling ExpensesExpensesExpensesExpenses.1,6001,6001,6001,600PrepaidPrepaidPrepaidPrepaid SellingSellingSellingSelling ExpensesExpensesExpensesExpenses.1,6001,6001,6

38、001,600ToToToTo recordrecordrecordrecord expiredexpiredexpiredexpired prepaidprepaidprepaidprepaid sellingsellingsellingselling expenses.expenses.expenses.expenses.Dec.Dec.Dec.Dec.31313131 CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold.574574574574MerchandiseMerchandiseMerchandiseMe

39、rchandise InventoryInventoryInventoryInventory.574574574574ToToToTo recordrecordrecordrecord inventoryinventoryinventoryinventory shrinkageshrinkageshrinkageshrinkage($30,200($30,200($30,200($30,200-$29,626).$29,626).$29,626).$29,626).ClosingClosingClosingClosing entriesentriesentriesentriesDec.Dec.

40、Dec.Dec.31313131 SalesSalesSalesSales.543,600543,600543,600543,600IncomeIncomeIncomeIncome SummarySummarySummarySummary.543,600543,600543,600543,600ToToToTo closeclosecloseclose temporarytemporarytemporarytemporary accountsaccountsaccountsaccountswithwithwithwith creditcreditcreditcredit balances.ba

41、lances.balances.balances.Dec.Dec.Dec.Dec.31313131 IncomeIncomeIncomeIncome SummarySummarySummarySummary.541,839541,839541,839541,839SalesSalesSalesSales ReturnsReturnsReturnsReturns andandandand AllowancesAllowancesAllowancesAllowances.20,65620,65620,65620,656SalesSalesSalesSales DiscountsDiscountsD

42、iscountsDiscounts.5,7835,7835,7835,783CostCostCostCost ofofofof GoodsGoodsGoodsGoods SoldSoldSoldSold($267,451($267,451($267,451($267,451+$574)$574)$574)$574).268,025268,025268,025268,025SalesSalesSalesSales SalariesSalariesSalariesSalaries Exp.Exp.Exp.Exp.($59,796($59,796($59,796($59,796+$1,700)$1,

43、700)$1,700)$1,700).61,49661,49661,49661,496UtilitiesUtilitiesUtilitiesUtilities ExpenseExpenseExpenseExpense.17,39517,39517,39517,395SellingSellingSellingSelling ExpensesExpensesExpensesExpenses($46,749($46,749($46,749($46,749+$1,600)$1,600)$1,600)$1,600).48,34948,34948,34948,349AdministrativeAdmini

44、strativeAdministrativeAdministrative ExpensesExpensesExpensesExpenses.120,135120,135120,135120,135ToToToTo closeclosecloseclose temporarytemporarytemporarytemporary accountsaccountsaccountsaccountswithwithwithwith debitdebitdebitdebit balances.balances.balances.balances.Dec.Dec.Dec.Dec.31313131 Inco

45、meIncomeIncomeIncome SummarySummarySummarySummary.1,7611,7611,7611,761K.K.K.K.Yamiko,Yamiko,Yamiko,Yamiko,CapitalCapitalCapitalCapital.1,7611,7611,7611,761ToToToTo closeclosecloseclose IncomeIncomeIncomeIncome SummarySummarySummarySummaryaccount.account.account.account.Dec.Dec.Dec.Dec.31313131 K.K.K

46、.K.Yamiko,Yamiko,Yamiko,Yamiko,CapitalCapitalCapitalCapital.1,5001,5001,5001,500K.K.K.K.Yamiko,Yamiko,Yamiko,Yamiko,WithdrawalsWithdrawalsWithdrawalsWithdrawals.1,5001,5001,5001,500ToToToTo closeclosecloseclose thethethethe withdrawalswithdrawalswithdrawalswithdrawals account.account.account.account

47、.ExerciseExerciseExerciseExercise 5-5-5-5-9 9 9 91)Nov.1)Nov.1)Nov.1)Nov.1 1 1 1MerchandiseMerchandiseMerchandiseMerchandise InventoryInventoryInventoryInventory.2,8002,8002,8002,800AccountsAccountsAccountsAccounts PayablePayablePayablePayable.2,8002,8002,8002,800ToToToTo recordrecordrecordrecord me

48、rchandisemerchandisemerchandisemerchandise purchasespurchasespurchasespurchases ononononcredit.credit.credit.credit.2)2)2)2)Nov.Nov.Nov.Nov.5 5 5 5AccountsAccountsAccountsAccounts PayablePayablePayablePayable.2,8002,8002,8002,800MerchandiseMerchandiseMerchandiseMerchandise Inventory*Inventory*Invent

49、ory*Inventory*.56565656CashCashCashCash.2,7442,7442,7442,744ToToToTo recordrecordrecordrecord cashcashcashcash paymentpaymentpaymentpayment inininin discountdiscountdiscountdiscountperiod.period.period.period.*$2,800*$2,800*$2,800*$2,800 x x x x 0.020.020.020.023)3)3)3)Nov.Nov.Nov.Nov.7 7 7 7CashCas

50、hCashCash.98989898MerchandiseMerchandiseMerchandiseMerchandise Inventory*Inventory*Inventory*Inventory*.98989898ToToToTo recordrecordrecordrecord checkcheckcheckcheck receivedreceivedreceivedreceived forforforfor returnreturnreturnreturn ofofofofpurchasespurchasespurchasespurchases previouslypreviou