课程名称：初级会计学一 课程性质：必修 课程范围：第一章到第三章 开课教师：何怡澄 开课学院：会计整开 开课系级：会计系 考试日期(年月日)：2008/10/28 考试时限(Mins)：2小时 试题本文： Chapter1 ㄧ.Multiple Choices(30%，一题5分) d1. A basic assumption of accounting that requires activities of an entity be kept separate from the activities of its owner is referred to as the a. stand alone concept. b. monetary unit assumption. c. corporate form of ownership. d. economic entity assumption. c2. Which of the following is not an advantage of the corporate form of business organization? a. Limited liability of stockholders b. Transferability of ownership c. Unlimited personal liability for stockholders d. Unlimited life b3. Revenues would not result from a. sale of merchandise. b. initial investment of cash by owner. c. performance of services. d. rental of property. c4. A net loss will result during a time period when a. assets exceed liabilities. b. assets exceed owner's equity. c. expenses exceed revenues. d. revenues exceed expenses. b5 . During the year 2008, Toronto Enterprises earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and had owner drawings of $3,000. Net income for the year is a. $45,000. b. $20,000. c. $17,000. d. $15,000. c6. The Ryder’s Uptown Grill received a bill of $400 from the Erml Advertising Agency. The owner, John Ryder, is postponing payment of the bill until a later date. The effect on specific items in the basic accounting equation is a. a decrease in Cash and an increase in Accounts Payable. b. a decrease in Cash and an increase in J. Ryder, Capital. c. an increase in Accounts Payable and a decrease in J. Ryder, Capital. d. a decrease in Accounts Payable and an increase in J. Ryder, Capital. 二.Matching Problems (70%，一题5分) (一) Indicate in the space provided by each item whether it would appear on the Income Statement (IS), Balance Sheet (BS), or Owner's Equity Statement (OE): 1. Advertising Expense 4. Gray, Drawing (ending) 2. Notes Payable 5. Interest Revenue 3. Land 6. Meg Grayson, Capital ANSWER： 1. IS 2. BS 3. BS 4. OE 5. IS 6. OE、BS (二) Classify each of these items as an asset (A), liability (L), or owner’s equity (OE). 1. Klein, Drawing 5. Service Revenue 2. Building 6. Prepaid Expense 3. Unearned Revenue 7. Insurance Expense 4. Equipment 8. Taxes Payable ANSWER： 1. Owner’s equity (OE) 2. Asset (A) 3. Liability(L) 4. Asset (A) 5. Owner’s equity (OE) 6. Asset (A) 7. Owner’s equity (OE) 8. Liability (L) Chapter2 ㄧ.Multiple Choices (40%，一题5分) b1. Credits a. decrease both assets and liabilities. b. decrease assets and increase liabilities. c. increase both assets and liabilities. d. increase assets and decrease liabilities. d2. A debit to an asset account indicates a. an error. b. a credit was made to a liability account. c. a decrease in the asset. d. an increase in the asset. a3. A credit to a liability account a. indicates an increase in the amount owed to creditors. b. indicates a decrease in the amount owed to creditors. c. is an error. d. must be accompanied by a debit to an asset account. c4. Able Company pays its employees twice a month, on the 7th and the 21st. On June 21, Able Company paid employee salaries of $4,000. This transaction would a. increase owner’s equity by $4,000. b. decrease the balance in Salaries Expense by $4,000. c. decrease net income for the month by $4,000. d. be recorded by a $4,000 debit to Salaries Payable and a $4,000 credit to Salaries Expense. d5. At January 31, 2008, the balance in Prieto Inc.’s supplies account was $250. During February, Prieto purchased supplies of $300 and used supplies of $400. At the end of February, the balance in the supplies account should be a. $250 debit. b. $350 credit. c. $950 debit. d. $150 debit. a6. Tritan Company received a cash advance of $500 from a customer. As a result of this event, a. assets increased by $500. b. owner’s equity increased by $500. c. liabilities decreased by $500. d. both a and b. b7. Which of the following rules is incorrect? a. Credits decrease the drawing account. b. Debits increase the capital account. c. Credits increase revenue accounts. d. Debits decrease liability accounts. d8. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal entry is only partially posted. 二. Essay Questions (60%) (一) Transactions for Ed Petry Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. (48%，每题借方贷方各4分) 1. Invested an additional $40,000 cash in the business. 2. Purchased equipment costing $12,000 for $3,000 cash and the remainder on credit. 3. Purchased supplies on account for $800. 4. Paid $1,000 for a one-year insurance policy. 5. Received $3,000 cash for services performed. 6. Paid wages to employees for $2,500. (二) Use the information in (一) to answer the following questions.Supposed the beginning balance of all accounts are zero. (12%，每题6分，没计算过程给3分 ) 1. What is the balance in Accounts Payable at October 31, 2008? 2. What is the balance in Owner’s Equity at October 31, 2008? ANSWER： (一) 1. Cash 40,000 E. Petry, Capital 40,000 2. Equipment 12,000 Cash 3,000 Accounts Payable 9,000 3. Supplies 800 Accounts Payable 800 4. Prepaid Insurance 1,000 Cash 1,000 5. Cash 3,000 Service Revenue 3,000 6. Wages Expense 2,500 Cash 2,500 (二) 1. Accounts Payable at October 31, 2008: Beginning accounts payable $ 0 Purchases on account 9,000 Payments on account 800 Ending accounts payable $9,800 2. Owner’s Equity at October 31, 2008: Beginning Owner’s Equity $ 0 Owner’s investment 40,000 Services Revenue 3,000 Wage Expense (2,500) Ending Owner’s Equity $40,500 Chapter3 ㄧ.Multiple Choices (50%，一题5分) b1. The matching principle matches a. customers with businesses. b. expenses with revenues. c. assets with liabilities. d. creditors with businesses. d2. Adjusting entries are required a. yearly. b. quarterly. c. monthly. d. every time financial statements are prepared. b3. Expenses incurred but not yet paid or recorded are called a. prepaid expenses. b. accrued expenses. c. interim expenses. d. unearned expenses. a4. Unearned revenues are a. received and recorded as liabilities before they are earned. b. earned and recorded as liabilities before they are received. c. earned but not yet received or recorded. d. earned and already received and recorded. d5. Accumulated Depreciation is a. an expense account. b. an owner's equity account. c. a liability account. d. a contra asset account. d6. At March 1, 2008, Candy Inc. had supplies on hand of $500. During the month, Candy purchased supplies of $1,200 and used supplies of $1,500. The March 31 adjusting journal entry should include a a. debit to the supplies account for $1,500. b. credit to the supplies account for $500. c. debit to the supplies account for $1,200. d. credit to the supplies account for $1,500. b7. Failure to prepare an adjusting entry at the end of a period to record an accrued revenue would cause a. net income to be overstated. b. an understatement of assets and an understatement of revenues. c. an understatement of revenues and an understatement of liabilities. d. an understatement of revenues and an overstatement of liabilities. c8. The revenue recognition principle dictates that revenue be recognized in the accounting period a. before it is earned. b. after it is earned. c. in which it is earned. d. in which it is collected. c9. Expenses paid and recorded as assets before they are used are called a. accrued expenses. b. interim expenses. c. prepaid expenses. d. unearned expenses. d10. If the adjusting entry for depreciation is not made, a. assets will be understated. b. owner's equity will be understated. c. net income will be understated. d. expenses will be understated. 二. Essay Questions (50%) (a) On September 1, paid rent on the track facility for three months, $180,000. (b) On September 1, sold season tickets for admission to the racetrack. The racing season is year-round with 25 racing days each month. Season ticket sales totaled $840,000. (c) On September 1, borrowed $300,000 from First National Bank by issuing a 9% note payable due in three months. (d) On September 5, schedules for 20 racing days in September, 25 racing days in October, and 15 racing days in November were printed for $2,400. Instructions The following ledger accounts are used by the Ottawa Greyhound Park: Accounts Receivable、 Prepaid Printing、 Prepaid Rent、Printing Expense、 Unearned Admissions Revenue、 Rent Expense、Admissions Revenue、Concessions Revenue For each transaction above, (一) Prepare the general journal entry to record the above transactions (24%， 每题借方贷方各3分) (二) Prepare any adjusting journal entries that should be made on September 30, the end of the fiscal year (26%，除ａ借方贷方各4分，其余每题借方贷方各3分) ANSWER： (一) (a) Journal Entry Prepaid Rent 180,000 Cash 180,000 (b) Journal Entry Cash 840,000 Unearned Admissions Revenue 840,000 (c) Journal Entry Cash 300,000 Note Payable 300,000 (d) Journal Entry Prepaid Printing 2,400 Cash 2,400 (二) (a) Adjusting Entry Rent Expense 60,000 Prepaid Rent 60,000 (b) Adjusting Entry Unearned Admissions Revenue 70,000 Admissions Revenue 70,000 ($840,000 ÷ 12 = $70,000) (c) Adjusting Entry Interest Expense 2,250 Interest Payable 2,250 ($300,000 × .09 × 1 ÷ 12 = $2,250) (d) Adjusting Entry Printing Expense 800 Prepaid Printing 800 ($2,400 × 20 ÷ 60 = $800) --

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