Đề thi nguyên lý kế toán cuối kỳ

On August 1, 2020, Bernice established A+ Investments, which completed the following transactions during the month, using the following accounts: Cash, Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense.

ĐỀ CHÍNH THỨC 8

(Đề có 03 trang)

ĐỀ THI KẾT THÚC HỌC PHẦN BẬC ĐẠI HỌC / CAO ĐẲNG – HỆ CHÍNH QUY

Học kỳ II - Năm học 2020 - 2021

Khóa 2019

Môn: Nguyên lý kế toán

Thời gian làm bài: 90 phút, không kể thời gian phát đề

(SV KHÔNG được sử dụng tài liệu)

Important note:

Students will lose marks if making errors on account titles or accounting forms.

EXERCISE 1: (5 marks)

On August 1, 2020, Bernice established A+ Investments, which completed the following transactions

during the month, using the following accounts: Cash, Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense.

A Bernice transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $17,500

B Purchased supplies on account, $2,300

C Earned sales commissions, receiving cash, $13,300

D Paid rent on office and equipment for the month, $3,000

E Paid creditor on account, $1,150

F Paid dividends, $1,800

G Paid automobile expenses (including rental charge) for month, $1,500,

H Paid miscellaneous expenses, $400

I Paid office salaries, $2,800

J Determined that the cost of supplies used was $1,050

Instructions:

1) Prepare T accounts (2 marks).

2) Prepare a ledger (2 marks)

3) Prepare an unadjusted trial balance as of August 31, 2020 (1 mark).

EXERCISE 2: (5 marks)

Selected account balances before adjustment for Infinite Wealth on July 31, the end of the current year, are as follows:

Infinite Wealth Unadjusted Trial Balance July 31, 2020

$400,000 $400,000

The data needed to determine year-end adjustments are as follows:

• Depreciation of building for the year, $6,400

• Depreciation of equipment for the year, $2,800

• Accrued salaries and wages on July 31, $900

• Fees earned but unbilled on July 31, $10,200

• Supplies on hand on July 31, $615

Instructions:

1 Journalize the transactions for July (adjusting) (2 marks)

2 Post to the ledger (adjusting) (2 marks)

3 Prepare an adjusted trial balance as of July 31, 2020 (1 mark).

THE END