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A．＄2,500.
B．＄1,500.
C．＄-1,500.
D．＄-2,500.
答案
更多“At 1 January 2003, the balance of Billy Company's Provision for Bad Debts is ＄5,000. At 31”相关的问题
第1题
A．＄3,000.
B．＄-1,000.
C．＄1,000.
D．＄-3,000.
第2题
Question 3
Charles operates a retail business in London. On 30 June 2003, there was a fire in his store. His books of account and most of his stock were destroyed. The value of the undamaged stock was agreed at ＄5,000.
His Trading Account for the year ended 31 December 2002 was as follows:
＄ ＄
Sales 492,000
Opening stock 31,000
Purchases 154,000
185,000
Less: Closing stock 37,400
Gross profit 147,600 344,400
On 1 January 2003, his trade creditors totaled ＄15,000 and monthly statements received by him in early July showed that the trade creditors on 30 June 2003 amounted to ＄31,000.
All sales in Charles' business are on a strict cash basis and his stock is fully insured. According to his bank statements, he received ＄270,000 from customers and paid ＄69,000 to suppliers between I January and 30 June 2003.
Charles informs you that he increased his selling prices by 20% on 1 January 2003 but purchase prices have remained unchanged for several years.
Required:
Calculate the cost of the stock lost by Charles on 30 June 2003.
第3题
It wasn't always January 1 that marked the new year until ______.
A．everyone greeted each other with "happy new year"
B．the Nile River flooded
C．the Roman Emperor Julius Caesar established his own calendar in 46 BC
D．the next farming cycle kicked off
第4题
A．The new regulations will be set to get into effect on January 1, 2006.
B．The regulations were set up to supervise alcohol sellers.
C．Those who don't obey the new regulations would be punished according to China Daily's report.
D．According to Shanghai local government's regulation, selling cigarettes and alcohol to minors is banned.
第5题
Question 9
The following ledger balances are extracted from the books of White Trading Company as at 31 December 2003:
＄
Bad debts 750
Bank overdraft 1,650
Capital 100,000
Carriage inwards 3,500
Carriage outwards 1,400
Creditors 18,500
Debenture interest 900
Debtors 12,500
Discounts allowed 1,300
Discounts received 1,500
Drawings 24,900
Equipment (at cost) 150,000
Insurance 1,000
Lighting 5,000
Motor Van 40,000
Provision for bad debts 1,100
Provision for depreciation
—Equipment 90,000
—Motor Van 18,000
Purchases 1,000,000
Rent & rates 110,000
Salaries and wages 210,000
Sales 1,400,000
Stock 1 January 2003 90,000
Returns inwards 13,000
Returns outwards 13,500
9% 1998-2008 10-year Debenture 20,000
Additional information relevant to the year ended 31 December 2003 is as follows:
1. Closing stock at 31 December 2003 ＄115,000
2. Accrued wages ＄20,000
3. Prepaid insurance ＄200
4. Outstanding telephone bill ＄200
5. Outstanding rent ＄10,000
6. Removal expenses of ＄950 are still outstanding because of dispute and they have not yet been entered into the accounting records.
7. The depreciation policy is:
(a)Equipment reducing balance method at 5% p.a
(b)Motor Van: 25% p.a on cost
8. It is a policy to make a provision for bad debts at 4% of outstanding debtors on the balance sheet date.
Required:
Prepare the Trading and Profit and Loss Account for the year ended 31 December 2003.
第6题
Driver: Sure.(8).
Police: You weren’t wearing your seat belt while driving.
Driver: You stopped me just for that.
Police: Yes.(9).
Driver: Since when？
Police: (10).
A.Since January 1, 1993.
B.That’s ridiculous.
C.What did I do wrong？
D.In California you can be stopped for not fastening your seat belt.
第7题
Question 7
After the first year of trading, Mr. Wong provided you the following list of ledger balances as at 31 December 2003:
＄
Stock, 1 January 2003 3,300
Stock, 31 December 2003 25,200
Sales 160,000
Purchases 100,000
Premises 142,600
Fixtures & Fittings 45,200
Motor Vehicles 42,500
Returns Inwards 1,500
Returns Outwards 2,600
Carriage Inwards 1,000
Carriage Outwards 250
Debtors 30,500
Creditors 41,500
Wages 17,495
Rent and Rates 3,900
Lighting & Heating 18,455
Insurance 10,600
Motor Vehicle Expenses 2,400
Cash at Bank 4,700
Bank Loan 29,000
Loan Interest 2,300
Drawing 6,400
You are further given the following information:
1.Wages owing are ＄550.
2.Prepaid rent is ＄600.
3.Depreciation of Fixtures & Fittings is 10% per annum on cost.
4.Depreciation of Premises is based on a 10-year lease.
5.Depreciation of Motor Vehicles is 50% life using the reducing balance method.
6.Stock taken for Mr. Wong's own use is ＄1,100. Such a transaction has not yet been recorded.
7.It is estimated that one-third of the driving time is for private purposes.
8.5% of the outstanding accounts at the year end is thought to be uncollectible.
9.There was no error made in the recording of business transactions for the year.
Required:
(a)Prepare a Trading and Profit and Loss Account for the year ended 31 December 2003.
(b)Prepare a Balance Sheet as at 31 December 2003.
(c)Explain the meaning and the significance of Working Capital.
第8题
January is a good month for shoplifters because______.
A．they don't need to wait for staff to serve them
B．there are more goods in the shops
C．there are so many people in the store
D．they don't need their past experience as thieves
第9题
THE 20TH ANNUAL HOME ELECTRONICS SHOW
January 20-24
Join us at the Convention Center to see the latest in home electronics. Companies from around the country will display new model stereos, TVs, and sound systems for home use, as well as the latest in home security devices. Don't miss the special domestic robot demonstrations. See robots clean floors, wash dishes, even take out the garbage!
Admission to the show costs $10 for adults, $5 for children ages 5-12. Children under 5 will not be admitted, An extra $3 fee is charged for some special events. These include:
January 21 Movie: "The Home of Tomorrow"
January 22 Speaker: Roberta Wilkinson, President of Automation, Inc.
Topic: The invention team at Automation, Inc.
January 23 Demonstration: Home Security Systems
January 24 Reception with JET Company, the Designers of
RoboCleaners
Tickets can be purchased at the Convention Center or online. There is an extra charge of $1 per ticket for online purchases. Buy your tickets today! Last year's show sold out!
From: Mai Itakara
To: Hank Ellmers
Sent: Wednesday, January 19.20__ 11:12 P.M.
Subject: Schedule a time to go to the show
Hank, The Home Electronics Show begins tomorrow and lasts through the weekend. Would you like to go with me？ Your daughter Emma might enjoy it, too. It would cost just $25 for the three of us.
We can go tomorrow or later in the week if you prefer. There are some special events that you might enjoy, too. That company that you just bought stock in is giving a presentation on January 22. The company's president is speaking. You will probably want to see the security demonstration, too, since you're a police officer.
E-mail or call me today if you're interested. I'll be near the Convention Center tomorrow, so I can pick up the tickets without paying the extra charge. By the way, there is also an extra charge for the special events. You pay it at the time of each event, so you can decide about that later.
Mai
What will robots demonstrate at the convention？
A．Playing stereos
B．Watching TV
C．Doing housework
D．Operating security systems
第10题
根据下列文章,请回答 1～20 题。
Text
For the __________26 month, mysterious falls of large chunks of ice (冰雹) ________27 rained down on Spain and Italy. Juana Sanchez, a 70-year-old woman in Almeria, southern Spain, was knocked ________ 28 when she was struck on the shoulder by a falling ice chunk ________29 she walked in a street ________30 her home. On January 12, just about 200 miles away in Seville, a man narrowly ________ 31 serious injury when a 9-pound ball of ice ________ 32 into his car. ________33 the evening of January 27 priests at the Salesian monastery in L'Aquila, Italy were startled by a loud crash. _______ 34 the noise, they discovered a large chunk of ice on their yard, _______ 35 intact. Upon examination, the block of ice _______ 36 in at 2 kilograms and no source _______37 . On the same day, about 100 miles northeast in Ancona, Italy, the local officials were called to investigate the report of a man _______38 was struck _______ 39 the head by a 1 kilogram chunk of ice that apparently fell from the sky.
Spain and Italy aren't the only European _______40 getting attacked by huge ice blocks in January. On January 2 in Surrey, England (southwest of London), an East Indian man was walking through Newton Athletic Park when he _______ 41 a strange whistling sound overhead. Seconds _______ 42, a large hunk of ice fell out of the clear blue sky and pounded into the soft ground, shattering over a 50-foot-wide area. The ice dug a hole of a foot deep and a foot in diameter. Even the shattered remains of the mystery ice were as large as tennis balls and were described as opaque _______43 no unusual color or smell.
Although eyewitnesses to the phenomenon report that they did not see anything in the sky that could account _______ 44 the ice, scientists had to come up with a rationalization. Professor Jesus Martinez Frias, the geologist investigating the ice falls in Spain, told BBC News that the ice pieces had probably been _______ 45 through sudden temperature drops in the stratosphere. This was the most likely explanation, he said, for the "very unusual" phenomenon.
第 1 题
A．last
B．past
C．passed
D．early
