会计英语课后习题参考答案完整版.doc

会计英语课后习题参考答案完整版 会计英语课后习题参考答案完整版 请勿盗版 尊重作者 请勿盗版 尊重作者 会计英语课后习题参考答案完整版 请勿盗版 尊重作者 配套教材参考答案 ↓ ↓ ↓ ↓ ↓ ↓ 会计英语课后习题参考答案完整版 Suggested Solution Chapter 1 1. Effect on the accounting equation (1) (2) (3) (4) (5) (6) (a) Increase in one asset, decrease in another asset. √ (b) Increase in an asset, increase in a liability. (c) Increase in an asset, increase in capital. √ √ (d) Decrease in an asset, decrease in a liability. √ (e) Decrease in an asset, decrease in capital. √ √ 2. Transactions Assets +/- Liabilities +/- Owner’s equity +/- 1 + + 2 + + 3 - - 4 + + 5 + + 6 - - 7 - - 8 +/- 9 - - 10 - - 3. Describe each transaction based on the summary above. Transactions 1 Purchased land for cash, $6,000. 2 Investment for cash, $3,200. 3 Paid expense $1,200. 4 Purchased supplies on account, $800. 5 Paid owner’s personal use, $750. 6 Paid creditor, $1,500 7 Supplies used during the period, $630. 4. Assets Liabilities Equity Beginning 275,000 80,000 195,000 Add. investment 48,000 Add. Net income 27,000 Less withdrawals -35,000 Ending 320,000 85,000 235,000 5. (a) March 31, 20XX April 30, 20XX Assets Cash 4,500 5,400 Accounts receivable 2,560 4,100 Supplies 840 450 Total assets 7,900 9,950 Liabilities Accounts payable 430 690 Equity Tina Pierce, Capital 7,470 9,260 (b) net income = 9,260-7,470=1,790 (c) net income = 1,790+2,500=4,290 6. Item Financial Statement a 1. Utility expense Statement of comprehensive income c 2. Cash Statement of financial position b 3. Owner’s withdrawals Statement of changes in owner’s equity c 4. Accounts receivable Statement of financial position a 5. Consulting revenue Statement of comprehensive income c 6. Salaries payable Statement of financial position c 7. Office equipment Statement of financial position a 8. Dividend received Statement of comprehensive income 7 Company A Company B Company C Company D Company E December 31, 20x1: Assets €90,000 €70,000 €58,000 €160,000 €246,000 Liabilities 47,000 45,000