发布时间 : 星期五 文章财务会计英语 练习及答案ch03更新完毕开始阅读1ca4b892daef5ef7ba0d3c5c
Chapter 3—The Matching Concept and the Adjusting Process
27. The net income reported on the income statement is $90,000. However, adjusting entries have
not been made at the end of the period for supplies expense of $2,700 and accrued salaries of $1,300. Net income, as corrected, is a. $87,300 b. $90,000 c. $88,700 d. $86,000
ANS: D DIF: 2 OBJ: 03
28. The entry to adjust the accounts for wages accrued at the end of the accounting period is
a. Wages Payable, debit; Wages Income, credit b. Wages Income, debit; Wages Payable, credit c. Wages Payable, debit; Wages Expense, credit d. Wages Expense, debit; Wages Payable, credit
ANS: D DIF: 3 OBJ: 03
29. The supplies account has a balance of $1,000 at the beginning of the year and was debited
during the year for $2,800, representing the total of supplies purchased during the year. If $750 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. $750 b. $3,550 c. $3,800 d. $3,050
ANS: D DIF: 3 OBJ: 03
30. A company purchases a one-year insurance policy on June 1 for $840. The adjusting entry on
December 31 is
a. debit Insurance Expense, $350 and credit Prepaid Insurance, $350 b. debit Insurance Expense, $280 and credit Prepaid Insurance, $280 c. debit Insurance Expense, $490, and credit Prepaid Insurance, $ 490. d. debit Prepaid Insurance, $720, and credit Cash, $720
ANS: C DIF: 4 OBJ: 03
31. If the prepaid rent account before adjustment at the end of the month has a debit balance of
$1,600, representing a payment made on the first day of the month, and if the monthly rent was $800, the amount of prepaid rent that would appear on the balance sheet at the end of the month, after adjustment, is
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Chapter 3—The Matching Concept and the Adjusting Process
32.
33.
34.
35.
36.
a. $800 b. $400 c. $2,400 d. $1,600
ANS: A DIF: 3 OBJ: 03
Depreciation Expense and Accumulated Depreciation are classified, respectively, as a. expense, contra asset b. asset, contra liability c. revenue, asset
d. contra asset, expense
ANS: A DIF: 2 OBJ: 03
The type of account and normal balance of Accumulated Depreciation is a. asset, credit b. asset, debit
c. contra asset, credit d. contra asset, debit
ANS: C DIF: 2 OBJ: 03
The type of account and normal balance of Unearned Rent is a. revenue, credit b. expense, debit c. liability, credit d. liability, debit
ANS: C DIF: 2 OBJ: 03
Data for an adjusting entry described as \a. Wages Expense and credit Wages Payable b. Wages Payable and credit Wages Expense
c. Accounts Receivable and credit Wages Expense d. Drawing and credit Wages Payable
ANS: A DIF: 3 OBJ: 03
Supplies are recorded as assets when purchased. Therefore, the credit to supplies in the adjusting entry is for the amount of supplies a. that are in the ending balance b. purchased 74
Chapter 3—The Matching Concept and the Adjusting Process
37.
38.
39.
40.
41.
c. used
d. either used or remaining
ANS: C DIF: 2 OBJ: 03
If there is a balance in the prepaid rent account after adjusting entries are made, it represents a(n)
a. deferral b. accrual c. revenue d. liability
ANS: A DIF: 2 OBJ: 03
If there is a balance in the unearned subscriptions account after adjusting entries are made, it represents a(n) a. deferral b. accrual c. drawing d. revenue
ANS: A DIF: 2 OBJ: 03
The general term employed to indicate an expense that has not been paid and has not yet been recognized in the accounts by a routine entry is a. capital b. deferral c. accrual d. inventory
ANS: C DIF: 2 OBJ: 03
The cost of office supplies to be used in future periods is ordinarily shown on the balance sheet as a(n) a. capital b. asset
c. contra asset d. liability
ANS: B DIF: 2 OBJ: 03
Which of the following is an example of a prepaid expense? a. Supplies
b. Accounts Receivable c. Unearned Subscriptions
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Chapter 3—The Matching Concept and the Adjusting Process
42.
43.
44.
45.
d. Unearned Fees
ANS: A DIF: 1 OBJ: 03
The unexpired insurance at the end of the fiscal period represents a. an accrued asset b. an accrued liability c. an accrued expense d. a deferred expense
ANS: D DIF: 2 OBJ: 03
Accrued revenues would appear on the balance sheet as a. assets b. liabilities c. capital
d. prepaid expenses
ANS: A DIF: 2 OBJ: 03
Prepaid advertising, representing payment for the next quarter, would be reported on the balance sheet as a(n) a. asset b. liability c. contra asset d. expense
ANS: A DIF: 2 OBJ: 03
Unearned rent, representing rent for the next six months' occupancy, would be reported on the landlord's balance sheet as a(n) a. asset b. liability
c. capital account d. revenue
ANS: B DIF: 2 OBJ: 03
46. Accrued expenses are ordinarily reported on the balance sheet as
a. assets b. liabilities
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