課程名稱︰會計學甲一下 課程性質︰資管系必修 課程教師︰萬瑞霞 開課學院：管院 開課系所︰資管系 考試日期（年月日）︰2011/4/1 考試時限（分鐘）：110 是否需發放獎勵金：是 （如未明確表示，則不予發放） 試題 : 1. Kosko Furniture Store has credit sales of $400,000 in 2011 and a debit balance of $600 in the Allowance for Doubtful Accounts at year end. As of December 31,2011, $130,000 of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $3,000 will prove to be uncollectible. On March 4, 2012, the credit manager authorized a write-off of the $1,000 balance owed by A. Noonan. Instuctions (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2011. (b) Show the statement of financial position presentation of accounts receivable on December 31, 2011. (c) On March 4, before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $2,000. Make the appropriate entry to record the write-off the Noonan account. Also show the statement of financial position presentation of accounts receivable before and after the write-off. 2. Compute bad debts based on the following information: (a) Ramesy Company estimates that 1% of net credit sales will become uncollectible. Sales are $500,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $6,000 credit balance. (b) Ramsey Company estimates that 3%of accounts receivable will become uncollectible. Accounts receivable are $100,00 at the end of the year, and the allowance for doubtful accounts has a $900 debit balance. 3. Chang Company purchased a machine at a cost of $900,000. The machine is expected to have a $50,000residual value ate the end of its 5-year useful life. Instructions Compute annual depreciation for the first and second years using the (a) straight-line method. (b) double-declining-balance method. 4. Marlow Company purchased equipment on January 1, 2010 for $70,000. It is estimated that the equipment will have a $5,000 residual value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5 year life. Instruction Answer the following independent questions. 1.Compute the amount of depreciation expense for the year ended December 31, 2010, using the straight-line method of depreciation. 2.If 16,000 units of product are produced in 2010 and 24,000 units are produced in 2011, what is the book value of the equipment at December 31,2011? The company used the units-of-activity depreciation method. 3.If the company uses the double-declining-balance method o depreciation, what is the balance of the Accumulated Drpreciaiton-Equipment account at December 31, 2012? 5. Lowe Mining Company purchased a mine for $70 million which is estimated to have 250,000 tons of ore and a residual value of $10 million. (a) In the first year, 50,000 tons of ore extracted and sold. Prepare the journal entry to record depletion expense for the first year. (b) In the second year, 150,000 tons of ore are extracted but only 125,000 tons are sold. Prepare the journal entry to record depletion expense for the second year. (c) What amount and in what account are the tons of ore not sold reported? --

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