100年 - 100 淡江大學轉學考會計學(一)#55973

科目：轉學考-會計學 | 年份：100年 | 選擇題數：5 | 申論題數：10

試卷資訊

所屬科目：轉學考-會計學

選擇題 (5)

1. At September 1，2010，Baxter Inc reported Retained Earnings of $136,000. During the month, Baxter generated revenues of $20,000，incurred expenses of $12,000, purchased equipment for $5,000 and paid dividends of $2,000. What is the balance in Retained Earnings at September 31, 2010? (A) $136,000 debit (B) $8,000 credit (C) $137,000 credit (D)$142,000 credit

2. At March 1，J.C. Retro Inc reported a balance in Supplies of $200. During March, the company purchased supplies for $950 and consumed supplies of $800. If no adjusting entry is made for supplies: (A) stockholders' equity will be overstated by $800. (B) expenses will be understated by $950. (C) assets will be understated by $350. (D) net income will be understated by $800.

3. A gift shop signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on November 1 in the amount of $40,000 with annual interest of 6%. What is the adjusting entry to be made on December 31 for the interest expense accrued to that date, if no entries have been made previously for the interest?

4. At the beginning of the year, Wildcat Athletic had an inventory of $200,000. During the year, the company purchased goods costing $800,000. If Wildcat Athletic reported ending inventory of $300,000 and sales of $1,050,000, their cost of goods sold and gross profit rate would be (A)$500,000 and 52.4% (B) $700,000 and 33.3% (C) $500,000 and 33.3% (D)$700,000 and 66.7%

5. Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the balance of the Allowance for Doubtful Accounts is $8,000 credit before adjustment what is the amount of bad debt expense for that period? (A) $25,000 (B) $8,000 (C) $33,000 (D)$17,000

申論題 (10)

(a) Compute the return on stockholder's equity ratio for both years.

(b) Explain how it is possible that net income increased, but the return on common stockholders' equity decreased.

(c) Compute the debt to total assets ratio for both years, and comment on the implications of this change in the company's solvency.

【已刪除】三.The following information is available for Mehring Corporation for the year ended December 31, 2010:

Instructions (28%) Prepare Mehring's statement of cash flows for the year ended December 31，2010，using the indirect method.

(a) the 2010 adjusting entry.

(b) the sale of the Thomas Corp. shares.

(c) the purchase of the Werth Stores' shares.

(d) the 2011 adjusting entry.

(a) Compute the depreciation on #2 machine to the date of disposal.

(b) Prepare the journal entries in 2010 to record 2010 depreciation and the sale of #2 machine.