Chapter.11-1Asinmanyethicsissues,thereisnoonerightanswer.Thelocalnewspaperreportedonthisissueintheseterms:"Thecompanycoveredupthefirstreport,andthelocalnewspaperuncoveredthecompany'ssecret.Thecompanywasforcedtonotlocatehere(CollierCounty).Itbecamepatentlyclearthatdoingtheleastthatislegallyallowedisnotenough."1-21.B2.B3.E4.F5.B6.F7.X8.E9.X10.B1-3a.$96,500($25,000+$71,500)b.$67,750($82,750–$15,000)c.$19,500($37,000–$17,500)1-4a.$275,000($475,000–$200,000)b.$310,000($275,000+$75,000–$40,000)c.$233,000($275,000–$15,000–$27,000)d.$465,000($275,000+$125,000+$65,000)e.Netincome:$45,000($425,000–$105,000–$275,000)1-5a.owner'sequityb.liabilityc.assetd.assete.owner'sequityf.asset1-6a.Increasesassetsandincreasesowner’sequity.b.Increasesassetsandincreasesowner’sequity.c.Decreasesassetsanddecreasesowner’sequity.d.Increasesassetsandincreasesliabilities.e.Increasesassetsanddecreasesassets.1-71.increase2.decrease3.increase4.decrease1-8a.(1)Saleofcateringservicesforcash,$25,000.(2)Purchaseoflandforcash,$10,000.(3)Paymentofexpenses,$16,000.(4)Purchaseofsuppliesonaccount,$800.(5)Withdrawalofcashbyowner,$2,000.(6)Paymentofcashtocreditors,$10,600.(7)Recognitionofcostofsuppliesused,$1,400.b.$13,600($18,000–$4,400)c.$5,600($64,100–$58,500)d.$7,600($25,000–$16,000–$1,400)e.$5,600($7,600–$2,000)1-9Itwouldbeincorrecttosaythatthebusinesshadincurredanetlossof$21,750.Theexcessofthewithdrawalsoverthenetincomefortheperiodisadecreaseintheamountofowner’sequityinthebusiness.1-10Balancesheetitems:1,3,4,8,9,101-11Incomestatementitems:2,5,6,71-12MADRASCOMPANYStatementofOwner’sEquityFortheMonthEndedApril30,2006LeoPerkins,capital,April1,2006$297,200Netincomeforthemonth.........$73,000Lesswithdrawals......................12,000Increaseinowner’sequity........61,000LeoPerkins,capital,April30,2006$358,2001-13HERCULESSERVICESIncomeStatementFortheMonthEndedNovember30,2006Feesearned.............................$232,120Operatingexpenses:Wagesexpense......................$100,100Rentexpense.........................35,000Suppliesexpense...................4,550Miscellaneousexpense...........3,150Totaloperatingexpenses.....142,800Netincome..............................$89,3201-14Balancesheet:b,c,e,f,h,i,j,l,m,n,oIncomestatement:a,d,g,k1-151.b–investingactivity2.a–operatingactivity3.c–financingactivity4.a–operatingactivity1-16a.2003:$10,209($30,011–$19,802)2002:$8,312($26,394–$18,082)b.2003:0.52($10,209÷$19,802)2002:0.46($8,312÷$18,082)c.Theratioofliabilitiestostockholders’equityincreasedfrom2002to2003,indicatinganincreaseinriskforcreditors.However,theassetsofTheHomeDepotaremorethansufficienttosatisfycreditorclaims.Chapter.22-1AccountAccountNumberAccountsPayable21AccountsReceivable12Cash11CoreyKrum,Capital31CoreyKrum,Drawing32FeesEarned41Land13MiscellaneousExpense53SuppliesExpense52WagesExpense512-2BalanceSheetAccountsIncomeStatementAccounts1.Assets11Cash12AccountsReceivable13Supplies14PrepaidInsurance15Equipment2.Liabilities21AccountsPayable22UnearnedRent3.Owner'sEquity31MillardFillmore,Capital32MillardFillmore,Drawing4.Revenue41FeesEarned5.Expenses51WagesExpense52RentExpense53SuppliesExpense59MiscellaneousExpense第6页共120页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第6页共120页2-3a.andb.AccountDebitedAccountCreditedTransactionTypeEffectTypeEffect(1)asset+owner'sequity+(2)as...
