98年 - 98 淡江大學轉學考會計學(一)#55949

科目：轉學考-會計學 | 年份：98年 | 選擇題數：5 | 申論題數：12

試卷資訊

所屬科目：轉學考-會計學

選擇題 (5)

1. An aging of a company's accounts receivable indicates, lhat $4,000 are eslimaled to l：)e uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjuslmenl; lo record bad debts For the period will require a (A) debit lo Bad Debts Expense for $4,000. (B) debit to Allowance for Doublkil Accounts for $2,800. (C) debit to Bad, Debts Expense for $2,800. (D) credil to Allowance for Doubtful Accounts for $4,000.

2. Becky's Blooms purchased a delivery van for $30,000, The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Becky's Blooms increase its van account? (A)$30,000 (B) $28,000 (C) $29,500 (D) $2.9,000

3. A company purchased factory equipment for $150,000. It is estimated that the equipment will have a $15,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-dedining-ba丨ance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be ' (A) $60,000. (B) $36,000. (C)$54,000. (D) $32,400.

4, Joe's Copy Shop bought equipment for $60,000 on January 1, 2006, Joe estimated me useful life to be 3 years wilh no salvage value, and the straight lino method of depreciation will be used On January 1, 2007, Joe decides that the business will use the equipment for 5 years. What is the revised depreciation expense for 2007? (A) $20,000. (B) $8,000. (C) $10,000. (D)$15,000

5, A company sells a plant asset which originally cost $150,000 for $50,000 on December 31, 2006. The Accumulated Depreciation account had a balance of $60,000 afier the current year's depredation of $15,000 had been recorded The company should recognize a (A) $100,000 loss on disposal. (B) $40,000 gain on disposal. (C) $40,000 loss on disposal. (D) $25,000 loss on disposal.

申論題 (12)

(a) Compute the accounts receivable turnover and the average collection period for both years.

(b〉What conclusion can an analyst draw about the management of the accounts receivable?

1. Prepare the journal entry to record the investment in Mann stock.

2. Prepare any entries that Tresh Company should make in accounting for its investment in Mann stock during the year.

3. What is the balance of the Stock Investments account on Tresh Company's books at the end of the year?

(b) Repeat requirement (a) above except assume that the 42,000 shares represent a 20% interest in Mann Corporation. (Obtained significant influence)

1.A ulility bill for ,$2,000 was received on the last day of the month for electric and gas service For the month of June.

2.A company insurance salesman sold a life insurance policy to a client for a premium of $28,000. The agency billed the client for the policy and is entitled to a commission of 20%.

3. Supplies on hand at the beginning of the month were $3,000’ The agency purchased additional supplies during the month for $2,500 in cash and $2,200 of supplies were on hand at June 30.

4. The agency purchased a new car at Ihe beginning of the month for $16,800 cash. 丁he car will depreciate $^1,200 per year.

5. Salaries owed to employees at the end of the month total $5,300, The salaries will be paid on July 5. Instructions Prepare a correct income statement.

【已刪除】五、The stockholders' equity section of Manley Corporation's balance sheet at December 31, 2004, appears below: