课程名称︰会计学甲一上
课程性质︰必修
课程教师︰王泰昌
开课学院：管理学院
开课系所︰财务金融学系
考试日期（年月日）︰100.11.16
考试时限（分钟）：170
是否需发放奖励金：是
（如未明确表示，则不予发放）
试题 :
Acc 1003 03 Accounting 第一次小考
注意事项
1. 本试卷(不包含注意事项说明页)共3页，请同学作答前务必确认。
2. 请作答于答卷上，并请标明题号。作答于题目卷上将不予计分。
3. 本次考卷可使用铅笔。
4. 本次考试可使用电子计算机，但不得使用手机、电子辞典。
Multiple Choice (10%)
1. All of the financial statements are for a period of time except
a. income statement
b. retained earnings statement
c. statement of financial position
d. statement of cash flows.
2. A post-closing trial balance will show
a. zero balances for all accounts
b. zero balances for statement of financial position
c. only statement of financial position
d. only income statement accounts
3. Failure to prepare an adjusting entry at the end of the period to record an accrued expense would cause
a. net income to be understated
b. an overstatement of assets and overstatement of liabilities
c. an understatement of expenses and an understatement of liabilities
d. an overstatement of expenses and overstatement of liabilities
4. Which one of the following represents the expanded basic accounting equation ?
a. Assets = Liabilities + Share Capital-Ordinary account + Retained Earnings +
Dividends – Revenue – Expenses.
b. Assets + Dividends + Expenses = Liabilities + Share Capital-Ordinary +
Retained Earnings + Revenues.
c. Assets – Liabilities - Dividends = Share Capital-Ordinary + Retained
Earnings + Revenues – Expenses.
d. Assets = Revenues + Expenses – Liabilities
5. On July 1, Runner’s Sports Store paid $8,000 to Acme Realty for 4 months
rent beginning July 1. Prepaid Rent was debited for the full amount. If
financial statements are prepared on July 31, the adjusting entry to be
made by Runner’s Sports Store is
a. Debit Rent Expense, $8,000; Credit Prepaid Rent, $2,000.
b. Debit Prepaid Rent, $2,000; Credit Rent Expense, $2,000.
c. Debit Rent Expense, $2,000; Credit Prepaid Rent, $2,000.
d. Debit Rent Expenses, $8,000; Credit Prepaid Rent, $8000.
Problem:
1. Identify whether the following items would be reported on the income
statement (IS), retained earnings statement (RE), or statement of financial
position (FP). And also identified the normal balance for each account. (15%)
(1) Cash (2) Land (3) Share Capital (4) Accounts Payable
(5) Accumulated Depreciation (6) Unearned Revenue
(7) Accounts Receivable (8) Advertising Expense
(9) Prepaid Expense (10) Service Revenue
Please for use the format below to answer the problem :
Financial Statement Normal Balance
(1) Cash FP Debit
2. Selected transactions for Sweet Home, a property management company, in its
first month of business, are as follows.
Jan. 1 Issued ordinary shares to investors for $15,000 cash.
1 Purchase used car for $4,000 use in business,
signed a 60-day, 8% note payable.
9 Purchase suppliers for $500 cash.
11 Billed customers $1,800 for service performed.
16 Paid $200 cash for advertising.
20 Received $700 cash from customers billed on January 11.
23 Paid $300 cash on accounts payable owed to creditor.
28 Paid dividends of $2,000.
31 Paid interest expense for note payable signed on Jan 1.
Prepare all the necessary entries for Sweet Home. (18%)
3.This accounting records of Taipei Architect, include the following unadjusted
balances at Nov 30: Accounts Receivable, $2,000; Supplies, $1,500; Salary
Payable, $0; Unearned Service Revenue, $800; Service Revenue, $8,600; Salary
Expense, $2,500; Supplies Expense, $0. Taipei’s accountant develops the
following data for the November 30 adjusting entries:
a. Service revenue accrued $3,000
b. Unearned service revenue has been earned, $300.
c. Supplies on hand, $780.
d. Salary owed to employee, $500.
Please prepare all the adjusted entries, and post to the T-account for each
amount.(20%)
4. The adjusted account balances of the Quick-E Delivery Service at October 31
are as follows:
Accounts Account balances
Cash $11,000
Accounts Receivable 15,000
Supplies 4,000
Prepaid Insurance 8,000
Equipment 300,000
Accumulated Depreciation-Equipment 120,000
Accounts Payable 19,000
Retained Earnings 105,000
Share Capital-Ordinary 90,000
Service Revenue 100,000
Interest Revenue 8,000
Depreciation Expense 27,000
Insurance Expense 6,000
Salary Expense 35,000
Supplies Expense 9,000
Utilities Expense 12,000
Dividends 15,000
Instructions
(1) Prepare the end of the period closing entries for the Quick-E Delivery
Service. (12%)
(2) Prepare an income statement and a retained earnings statement for October.
(15%)
(3) Prepare a statement of financial position at October 31, 2011. (10%)