关闭

关闭

关闭

封号提示

内容

首页 Chapter_11.pdf

Chapter_11.pdf

Chapter_11.pdf

上传者: bluebreeze 2011-09-11 评分 0 0 0 0 0 0 暂无简介 简介 举报

简介:本文档为《Chapter_11pdf》,可适用于财会税务领域,主题内容包含ChapterCurrentLiabilitiesandPayrollAccountingQUICKSTUDIESQuickStudy(minute符等。

ChapterCurrentLiabilitiesandPayrollAccountingQUICKSTUDIESQuickStudy(minutes)Items,,andarecurrentliabilitiesforthiscompanyQuickStudy(minutes)OctCash,,UnearnedTicketRevenue,,TorecordsalesinadvanceofconcertsNovUnearnedTicketRevenue,,EarnedTicketRevenue,,Torecordconcertrevenuesearned($,,dates=$,,)QuickStudy(minutes)SeptCash,Sales,SalesTaxesPayableTorecordcashsalesandsalestaxSeptCostofGoodsSold,MerchandiseInventory,TorecordcostofSeptthsalesMcGrawHillCompanies,SolutionsManual,ChapterOctSalesTaxesPayableCashTorecordremittanceofsalestaxestogovtQuickStudy(minutes)ComputationofinterestpayableatDecember,:DaysfromNovembertoDecemberdaysAccruedinterest(x$,x)$DecInterestExpenseInterestPayableTorecordaccruedinterest(x$,x)FebInterestExpense*InterestPayableNotesPayable,Cash,Torecordpaymentofnoteplusinterest*(x$,x)QuickStudy(minutes)Note:Twomonths(JanuaryandFebruary)ofearningshavealreadybeenrecordedforeachoftheemployeesMarPayrollTaxesExpense,FICASocialSecurityTaxesPayableFICAMedicareTaxesPayableStateUnemploymentTaxesPayableFederalUnemploymentTaxesPayableTorecordemployerpayrolltaxes$,x=$$,x=$x($,($,x))x=$x($,($,x))x=$QuickStudy(minutes)VacationBenefitsExpense*VacationBenefitsPayableTorecordvacationbenefitsaccrued*($,$,)McGrawHillCompanies,FundamentalAccountingPrinciples,thEditionQuickStudy(minutes)DecEmployeeBonusExpense,BonusPayable,TorecordexpectedbonuscostsQuickStudy(minutes)JulyEstimatedWarrantyLiabilityRepairPartsInventoryTorecordcostofwarrantyrepairsQuickStudy(minutes)(b)reasonisreasonablyestimatedbutnotaprobableloss(b)reasonprobablelossbutcannotbereasonablyestimated(a)reasoncanbereasonablyestimatedandlossisprobableEXERCISESExercise(minutes)CLCCCCNLCCExercise(minutes)Note:AllentriesdatedDecember,WarrantyExpense,EstimatedWarrantyLiability,Torecordwarrantyexpense,unitsxx$NoadjustingentrycanbemadesincethelosscannotbereasonablyestimatedDisclosureofthesuitasacontingentliabilityshouldbemadeinthenotestothefinancialstatementsMcGrawHillCompanies,SolutionsManual,ChapterVacationBenefitsExpense,VacationBenefitsPayable,Torecordvacationbenefitsexpenseemployeesxdayx$NoadjustingentryisrequiredsinceitisnotprobablethatthesupplierwilldefaultonthedebtTheguarantor,MadisonCompany,shoulddescribetheguaranteeinitsfinancialstatementnotesasacontingentliabilityCash,Sales,SalesTaxesPayable,TorecordsalesandsalestaxesCostofGoodsSold,MerchandiseInventory,TorecordcostofsalesUnearnedServicesRevenue,EarnedServicesRevenue,TorecordproductrevenueearnedExercise(minutes)B=($,,–B)B=$,–BB=$,B=$,DecEmployeeBonusExpense,BonusPayable,TorecordexpectedbonuscostsJanBonusPayable,Cash,TorecordpaymentofbonusExercise(minutes)Maturitydate=Maydays=November,McGrawHillCompanies,FundamentalAccountingPrinciples,thEditionaMayCash,NotesPayable,BorrowedcashbyissuinganinterestbearingnotebNovInterestExpense*,NotesPayable,Cash,Repaidnoteplusinterest*Principal$,xInterestratexFractionofyearTotalinterest$,Exercise(minutes)Maturitydate=Novemberdays=April,Principal$,xInterestratexFractionofyear(Nov–Dec)Totalinterestin$,Principal$,xInterestratexFractionofyear(Jan–Apr)Totalinterestin$,aNovCash,NotesPayable,BorrowedcashbyissuinganinterestbearingnotebDecInterestExpense,InterestPayable,AccruedinterestonnotepayableMcGrawHillCompanies,SolutionsManual,ChaptercAprInterestExpense,InterestPayable,NotesPayable,Cash,RepaidnoteplusinterestExercise(minutes)SubjecttoTaxRateTaxExplanationaFICASocialSecurity$,$FullamountissubjecttotaxFICAMedicare,FullamountissubjecttotaxFUTA,$,isoverthemaximumSUTA,$,isoverthemaximumbFICASocialSecurity$,$FullamountissubjecttotaxFICAMedicare,FullamountissubjecttotaxFUTAFullamountisovermaximumSUTAFullamountisovermaximumcFICASocialSecurity$,$$,isoverthemaximumFICAMedicare,FullamountissubjecttotaxFUTAFullamountisovermaximumSUTAFullamountisovermaximumMcGrawHillCompanies,FundamentalAccountingPrinciples,thEditionExercise(minutes)()SeptSalariesExpense,FICASocialSecurityTaxesPayableFICAMedicareTaxesPayableEmployeeFederalIncomeTaxesPayableSalariesPayable,TorecordpayrollforpayperiodendedSeptember()SeptPayrollTaxesExpenseFICASocialSecurityTaxesPayableFICAMedicareTaxesPayableFederalUnemploymentTaxesPayableStateUnemploymentTaxesPayableTorecordemployerpayrolltaxesExercise(minutes)WarrantyExpense=ofdollarsales=x$,=$TheDecember,,balanceoftheliabilityequalstheexpensebecausenorepairsareprovidedinTherefore,theendingbalanceoftheEstimatedWarrantyLiabilityaccountis$ThecompanyshouldreportnoadditionalwarrantyexpenseinforthiscopierTheDecember,,balanceoftheEstimatedWarrantyLiabilityaccountequalsthebeginningbalanceminusthecostsincurredintorepairthecopier:Endingbalance$Lesspartscost()Endingbalance$McGrawHillCompanies,SolutionsManual,ChapterJournalentries(a)AugCash,Sales,TorecordcashsaleofcopierAugCostofGoodsSold,MerchandiseInventory,TorecordcostofAugustsale(b)DecWarrantyExpenseEstimatedWarrantyLiabilityTorecordwarrantyexpenseforcopiersoldin(c)NovEstimatedWarrantyLiabilityRepairPartsInventoryTorecordcostofwarrantyrepairsMcGrawHillCompanies,FundamentalAccountingPrinciples,thEditionPROBLEMSETAProblemA(minutes)LocustNatlBankFargoMaturitydatesDateofthenoteMayJulyNovTermofthenote(indays)MaturitydateSeptNovJanInterestdueatmaturityPrincipalofthenote$,$,$,AnnualinterestrateFractionofyearInterestexpense$,$,$AccruedinterestonFargonoteattheendofTotalinterestfornote$FractionofterminAccruedinterestexpense$InterestonFargonoteinTotalinterestfornote$FractionofterminInterestexpensein$McGrawHillCompanies,SolutionsManual,ChapterProblemA(Concluded)AprMerchandiseInventory,AccountsPayableLocust,PurchasedmerchandiseoncreditMayAccountsPayableLocust,Cash,NotesPayableLocust,Paid$,cashandgaveaday,notetoextendduedateonaccountJulyCash,NotesPayableNational,Borrowedcashwithaday,noteSeptInterestExpense,NotesPayableLocust,Cash,PaidnotewithinterestNovInterestExpense,NotesPayableNational,Cash,PaidnotewithinterestCash,NotesPayableFargoBank,Borrowedcashwithday,noteDecInterestExpenseInterestPayableAccruedinterestonnotepayableJanInterestExpenseNotesPayableFargoBank,InterestPayableCash,PaidnotewithinterestMcGrawHillCompanies,FundamentalAccountingPrinciples,thEditionProblemA(minutes)NovCash,Sales,SoldrazorstocustomersCostofGoodsSold,MerchandiseInventory,TorecordcostofNovembersale(x$)WarrantyExpenseEstimatedWarrantyLiabilityTorecordrazorwarrantyexpenseandliabilityatofsellingpriceDecEstimatedWarrantyLiabilityMerchandiseInventoryTorecordcostofrazorwarrantyreplacements(x$)Cash,Sales,SoldrazorstocustomersCostofGoodsSold,MerchandiseInventory,TorecordcostofDecembersale(x$)EstimatedWarrantyLiabilityMerchandiseInventoryTorecordcostofrazorwarrantyreplacements(x$)WarrantyExpenseEstimatedWarrantyLiabilityTorecordrazorwarrantyexpenseandliabilityatofsellingpriceMcGrawHillCompanies,SolutionsManual,ChapterProblemA(Concluded)JanCash,Sales,SoldrazorstocustomersCostofGoodsSold,MerchandiseInventory,TorecordcostofJanuarysale(x$)EstimatedWarrantyLiabilityMerchandiseInventoryTorecordcostofrazorwarrantyreplacements(x$)WarrantyExpenseEstimatedWarrantyLiabilityTorecordrazorwarrantyexpenseandliabilityatofsellingpriceWarrantyexpenseforNovemberandDecemberSalesPercentWarrantyExpenseNovember$,$December,Total$,$,WarrantyexpenseforJanuarySalesinJanuary$,WarrantypercentWarrantyexpense$Balanceof

用户评论(0)

0/200

精彩专题

上传我的资料

每篇奖励 +2积分

资料评价:

/15
1下载券 下载 加入VIP, 送下载券

意见
反馈

立即扫码关注

爱问共享资料微信公众号

返回
顶部