Scribd Logo
Upload

Welcome to Scribd!

  • 2 views

    初Ch4-5 答

    Uploaded by

    sky

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    初Ch4-5 答

    Uploaded by

    sky
    2 views4 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2 views4 pages

    初Ch4-5 答

    Uploaded by

    sky

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    C 組初會 Ch4-5 答

    ⼀、(4%)
    Sales revenue $90,000
    Less: Sales returns and allowances 5,000
    Net sales $85,000

    Net sales $85,000


    Cost of goods sold 56,000
    Gross profit $29,000

    Gross profit $29,000


    Operating expenses 17,000
    Income from operations 12,000
    Other income and expense 4,000
    Net income (a) $ 8,000*
    二、(16+7+5+13)p4.1
    (1.) General Journal J1
    Date Account Titles and Explanation Ref. Debit Credit
    2025 Adjusting Entries
    Mar. 31 Supplies Expense 1,520
    Supplies 1,520

    31 Depreciation Expense 250


    Accumulated Depreciation—Equipment 250

    31 Unearned Service Revenue 290


    Service Revenue 290

    31 Salaries and Wages Expense 700


    Salaries and Wages Payable 700
    (2). Closing Entries
    31 Service Revenue 6,590
    Income Summary 6,590

    31 Income Summary 4,170


    Salaries and Wages Expense 2,000
    Supplies Expense 1,520
    Depreciation Expense 250
    Miscellaneous Expense 400

    31 Income Summary 2,420


    Retained Earnings 2,420

    31 Retained Earnings 1,100


    Dividends 1,100
    WANG ROOFING
    Statement of Financial Position
    March 31,2025 (in thousands)
    Assets
    Current assets
    Cash $4,500
    Accounts receivable 3,200
    Supplies 480
    Total current assets $8,180
    Property, plant, and equipment
    Equipment 11,000
    Less: Accumulated depreciation—equipment 1,500 9,500
    Total assets $17,680
    Liabilities and Equity
    Current liabilities
    Accounts payable $2,500
    Salaries and wages payable 700
    Unearned service revenue 260
    Total current liabilities $3,460
    Equity
    Share capital—ordinary 12,900
    Retained earnings 1,320 14,220
    Total equity and liabilities $17,680
    WANG ROOFING
    Income Statement
    For the Month Ended March 31, 2025 (in thousands)
    Revenues
    Service revenue $6,590
    Expenses
    Salaries and wages expense $2,000
    Supplies expense 1,520
    Miscellaneous expense 400
    Depreciation expense 250
    Total expenses 4,170
    Net income $2,420

    WANG ROOFING
    Retained Earnings Statement
    For the Month Ended March 31, 2025 (in thousands)
    Retained earnings, March 1 $ 0
    Add: Net income 2,420
    2,420
    Less: Dividends 1,100
    Retained earnings, March 31 $1,320
    三、(10+18)p4.6
    (1) General Journal J1
    Date Account Titles and Explanation Ref. Debit Credit
    2025 Correcting Entries
    Apr. 20 Accounts Receivable 360
    Cash 360

    20 Advertising Expense 75
    Miscellaneous Expense 75

    20 Salaries and Wages Payable 700


    Salaries and Wages Expense 700

    20 Equipment 310
    Supplies 310

    20 Maintenance and Repairs Expense 96


    Cash 27
    Equipment 69

    (2)
    PULSAR CABLE
    Adjusted Trial Balance
    April 30, 2025
    Debit Credit
    Cash (£4,100 – £360 – £27) $3,713
    Accounts Receivable (£3,200 + £360) 3,560
    Supplies (£800 – £310) 490
    Equipment (£10,800 + £310 – £69) 11,041
    Accumulated Depreciation—Equipment $1,350
    Accounts Payable 2,100
    Salaries and Wages Payable (£700 – £700) 0
    Unearned Service Revenue 890
    Share Capital—Ordinary 10,100
    Retained Earnings 2,800
    Service Revenue 5,650
    Salaries and Wages Expense (£3,300 – £700) 2,600
    Advertising Expense (£600 + £75) 675
    Miscellaneous Expense (£290 – £75) 215
    Depreciation Expense 500
    Maintenance and Repairs Expense 96
    Totals $22,890 $22,890
    四、

    You might also like