会计英语期中-习题.ppt

Exerciseswe will use the December transactions of A 1 On Dec.1,A paid a premium of$2400 for a comprehensive insurance policy covering liability,theft,and fire.The policy covers a two-year period.Dr.Prepaid insurance$2400Cr.Cash$2400(paid premium on two-year policy)2 Dec.1,A paid rent for December,$800.The company from which A is renting its store space now requires the payment of rent on the 1st of each month,rather than at the end of the month.Dr.Rent expense$800Cr.Cash$800(paid rent for December)3 Dec.1,A received an offer from a local retailer to rent the land purchased on Nov.5,The retailer plans to use the land as a parking lot for its employees and customers.A agreed to rent the land to the retailer for three month,with the rent payable in advance.A received$360 for three months rent beginning Dec.1.Dr.Cash$360 Cr.Unearned Rent$360(received advance payment for three months rent on land)4 Dec.4,A purchased office equipment on account from Executive supply Co.for$1800.Dr.Office Equipment$1800 Cr.Accounts Payable$1800(purchase office equipment on account)5 Dec.6,A paid$180 for a newspaper advertisement.Dr.Misc.expense$180 Cr.Cash$180(paid for newspaper ad.)6 Dec.11,A paid creditors$400.Dr.Accounts Payable$400 Cr.Cash$400(paid creditors on account)7 Dec.13,A paid a receptionist and a part-time assistant$950 for two weeks wages.Dr.wages Expense$950 Cr.Cash$950(paid two weeks wages)8 Dec.16,A received$3100 from fees earned for the first half of December.Dr.Cash$3100 Cr.Fees earned$3100(received fees from customers)9 Dec.16,Fees earned on account totaled$1750 for the first half of December.Dr.Accounts Receivable$1750 Cr.Fees Earned$1750(recorded fees earned on account)10 Dec.20,A paid$900 to Executive Supply Co.on the$1800 debt owed from the December 4 transaction.Dr.Accounts Payable$900 Cr.Cash$900(paid part of amount owed to Executive Supply Co.)11 Dec.21,A received$650 from customers in payment of their accounts.Dr.cash$650 Cr.Accounts Receivable$650(received cash from customers on account)12 Dec.23,A paid$1450 for supplies.Dr.Supplies$1450 Cr.Cash$1450(purchase supplies)13 Dec.27,A paid the receptionist and the part-time assistant$1200 for two weeks wages.Dr.Wages Expense$1200 Cr.Cash$1200(paid two weeks wages)14 Dec.31,A paid its$310 telephone bill for the month.Dr.Utilities Expense$310 Cr.Cash$310(paid telephone bill)15 Dec.31,A paid its$225 electric bill for the month.Dr.Utilities Expense$225 Cr.Cash$225(paid electric bill)16 Dec.31,A received$2780 from fees earned for the second half of December.Dr.Cash$2780 Cr.Fees Earned$2780(receive fees from customers.)17 Dec.31,Fees Earned on account totaled$1120 for the second half of December.Dr.Accounts Receivable$1120 Cr.Fees Earned$1120(recorded fees earned on account)18 Dec.31,white withdraw$2000 for personal use.Dr.White,Drawing$2000 Cr.Cash$2000(White withdraw cash for personal use)Trial Balance of A in December A Trial Balance December 31,2010cash2065Accounts Receivable 2220Supplies2000Prepaid Insurance2400Land20000Office Equipment 1800Accounts Payable 900Unearned Rent360Capital25000Drawing4000Fees Earned16340Wages Expense 4275Rent Expense1600Utilities Expense 985Supplies Expense800Misc.Expense455Total 4260042600