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第一次小考解&cced

第一次小考解&cced

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一、 第一 1 一次小考解 解答
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2 (b) Ending retained earnings .............................................. $ 7,000 Add: Dividends ............................................................... 500 Net income ......................................................................... $ 7,500 二、 (a) (b) (c) Error In Balance Difference Larger Column 1. No $500 Debit 2. Yes 3. No 400 Debit 4. No 400 Debit 5. Yes 6. No 45 Credit 三、 1. Interest Expense ....................................................... 750 Interest Payable ....................................................... 750 ($25,000 X 12% X 3/12) 2. Supplies Expense ................................................... 1,950 Supplies ...................................................................... 1,950 ($2,650 – $700) 3. Depreciation Expense ............................................... 2,000 Accumulated Depreciation—Equipment ................. 2,000 4. Insurance Expense .................................................... 1,050 Prepaid Insurance ...................................................... 1,050 ($2,520 X 5/12) 5. Unearned Consulting Revenue ................................. 12,500 Consulting Revenue ................................................. 12,500 ($50,000 X 1/4)
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3 6. Accounts Receivable ................................................. 5,300 Consulting Revenue ...................................................
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