懷爾德會計學(xué)原理答案chapter-03_第1頁
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1、?McGrawHillCompanies2009SolutionsManualChapter3119Chapter3AdjustingAccountsPreparingFinancialStatementsQUESTIONS1.Thecashbasisofaccountingreptsrevenueswhencashisreceivedwhiletheaccrualbasisreptsrevenueswhentheyareearned.

2、Thecashbasisreptsexpenseswhencashispaidwhiletheaccrualbasisreptsexpenseswhentheyareincurredmatchedwithrevenuestheygenerated.2.Theaccrualbasisofaccountinggenerallyprovidesabetterindicationofcompanyperfmancefinancialcondit

3、ionthandoesthecashbasis.Alsotheaccrualbasisincreasesthecomparabilityoffinancialstatementsfromoneperiodtothenext.Thusbusinessdecisionmakersgenerallyprefertheaccrualbasis.3.Businessesthathavemajseasonalvariationsinsalesare

4、mostlikelytothenaturalbusinessyearasthefiscalyear.4.Aprepaidexpenseisanitempaidfinadvanceofreceivingitsbenefits.Assuchitisreptedasanassetonthebalancesheet.5.Longtermtangibleplantassetssuchasequipmentbuildingsmachinerylea

5、dtoadjustmentsfdepreciation.Generallylistheonlylongtermtangibleplantassetthatdoesnotrequiredepreciation.6.TheAccumulatedDepreciationcontraaccountisusedfdepreciation.Itprovidesfinancialstatementuserswithadditionalinfmatio

6、nabouttherelativeageoftheassets.Withoutthecontraaccountinfmationthereaderwouldnotbeabletotellwhethertheassetsarenewinneedofreplacement.7.Unearnedrevenuereferstocashreceivedinadvanceofprovidingproductsservices.Anothername

7、funearnedrevenueisdeferredrevenue.Itisreptedasaliabilityonthebalancesheet.8.Accruedrevenueisrevenuethatisearnedbutisnotyetreceivedincash(otherassets)thecustomerhasnotbeenbilledpritotheendoftheperiod.Therefeendofperiodadj

8、ustmentsaremadetorecdaccruedrevenue.Examplesareinterestincomethathasbeenearnedbutnotcollectedrevenuesfromservicesperfmedthatareneithercollectednbilled.9.AIfprepaidexpensesareinitiallyrecdedwithdebitstoexpenseaccountsthen

9、theprepaidexpensesassetaccountsaredebitedintheadjustingentries.?McGrawHillCompanies2009SolutionsManualChapter3121QuickStudy33(20minutes)AccountsDebitedCreditedFinancialStatementa.DebitUnearnedRevenueBalanceSheetCreditRev

10、enueEarnedIncomeStatementb.DebitWagesExpenseIncomeStatementCreditWagesPayableBalanceSheetc.DebitAccountsReceivableBalanceSheetCreditRevenueEarnedIncomeStatementd.DebitInsuranceExpenseIncomeStatementCreditPrepaidInsurance

11、BalanceSheete.DebitDepreciationExpenseIncomeStatementCreditAccumulatedDepreciationBalanceSheetQuickStudy34(15minutes)a.InsuranceExpense.......................................................3000PrepaidInsurance..........

12、.......................................3000Torecd6monthinsurancecoverageexpired.b.SuppliesExpense.........................................................4150Supplies......................................................

13、...........4150Torecdsuppliesusedduringtheyear.($900$4000–[]=$750)QuickStudy35(15minutes)a.DepreciationExpense—Equipment............................8400AccumulatedDepreciation—Equipment.............8400Torecddepreciation

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