financial accounting 习题答案文档(4)

4-6

ITHACA SERVICES CO. Income Statement

For the Year Ended January 31, 2006

Fees earned ........................................................................ Expenses: Wages expense ........................................................... Rent expense .............................................................. Insurance expense ..................................................... Utilities expense ......................................................... Depreciation expense ................................................. Supplies expense ....................................................... Miscellaneous expense .............................................. Total expenses ........................................................ 49 Net income .........................................................................

$67

$17 8 6 6 5 5 2

$18 ITHACA SERVICES CO. Statement of Owner’s Equity For the Year Ended January 31, 2006

Terry Dagley, capital, February 1, 2005 ............................ Net income for the year ..................................................... Less withdrawals ............................................................... Increase in owner’s equity ................................................ 10 Terry Dagley, capital, January 31, 2006 ...........................

$112 $18 8 $122 ITHACA SERVICES CO.

Balance Sheet January 31, 2006

Assets Liabilities Current assets:

Cash ............................. $ 8 Accounts receivable ... 57 Supplies ....................... 3 Prepaid insurance ....... 6 Total current assets . $ 74 Property, plant, and equipment: Land ............................. $50 Equipment ................... $32

Less accum. depr........ 7 25 Current liabilities:

Accounts payable ....... $26 Wages payable ............ 1 Total liabilities ......... $ 27

Owner’s Equity Terry Dagley, capital .......

122 Total property, plant, and equipment Total assets .....................

75 $149 Total liabilities and

owner’s equity ..........

$149 4-7

2006

Jan. 31

31

31

31

31

4-8

2006

Jan. 31

31

31

31 4-9

Accounts Receivable .......................................... Fees Earned ....................................................

Supplies Expense ................................................ Supplies .......................................................... Insurance Expense .............................................. Prepaid Insurance .......................................... Depreciation Expense ......................................... Accumulated Depreciation—Equipment ...... Wages Expense ................................................... Wages Payable ...............................................

Fees Earned ......................................................... Income Summary ...........................................

Income Summary................................................. Wages Expense .............................................. Rent Expense ................................................. Insurance Expense ........................................ Utilities Expense ............................................ Depreciation Expense .................................... Supplies Expense .......................................... Miscellaneous Expense .................................

Income Summary................................................. Terry Dagley, Capital .....................................

Terry Dagley, Capital ...........................................

Terry Dagley, Drawing ................................... SIROCCO SERVICES CO.

Income Statement

For the Year Ended March 31, 2006

7

7 5 5 6 6 5 5 1

1

67

67 49 17 8 6 6 5 5 2 18 18 8

8

Service revenue ................................................................. $103,850

Operating expenses: Wages expense ........................................................... Rent expense .............................................................. Utilities expense ......................................................... Depreciation expense ................................................. Insurance expense ..................................................... Supplies expense ....................................................... Miscellaneous expense .............................................. Total operating expenses ............................ Net loss ..............................................................................

$56,800 21,270 11,500 8,000 4,100 3,100 2,250 107,020 $ (3,170) 4-10

SYNTHESIS SYSTEMS CO. Statement of Owner’s Equity For the Year Ended October 31, 2006

Suzanne Jacob, capital, November 1, 2005 ..................... Net income for year ........................................................... Less withdrawals ............................................................... Increase in owner’s equity ................................................ 32,250 Suzanne Jacob, capital, October 31, 2006 .......................

$173,750 $44,250 12,000

$206,000

4-11

a. Current asset: 1, 3, 5, 6

b. Property, plant, and equipment: 2, 4

4-12

Since current liabilities are usually due within one year, $165,000 ($13,750 × 12 months) would be reported as a current …… 此处隐藏：6639字，全部文档内容请下载后查看。喜欢就下载吧 ……