TRƯỜNG ĐẠI HỌC NGOẠI NGỮ - TIN HỌC ĐỀ THI KẾT THÚC HỌC PHẦN

THÀNH PHỐ HỒ CHÍ MINH BẬC ĐẠI HỌC / CAO ĐẲNG – HỆ CHÍNH QUY
KHOA QUẢN TRỊ KINH DOANH QUỐC TẾ Học kỳ II - Năm học 2022 - 2023
_____________ Khóa 2021

ĐỀ CHÍNH THỨC 4 Môn: Nguyên lý kế toán

(Đề có 04 trang) Thời gian làm bài: 90 phút, không kể thời gian phát đề
(SV KHÔNG được sử dụng tài liệu)

Important note: Students will lose marks (-0.5 mark/error) if making errors on account titles.

EXERCISE 1: (2 marks)

On October 1, 2020, Eulalia established Asian Plan, which completed the following transactions during
the month, using the following accounts: Cash, Supplies, Accounts Payable, Common Stock,
Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense,
Supplies Expense, Miscellaneous Expense.

A. Eulalia transferred cash from a personal bank account to an account to be used for the business in
exchange for common stock, $40,000.

B. Paid rent on office and equipment for the month, $4,800.

C. Purchased supplies on account, $2,150.

D. Paid creditor on account, $1,100.

E. Earned sales commissions, receiving cash, $18,750.

F. Paid automobile expenses (including rental charge) for month, $1,580,

G. Paid miscellaneous expenses, $800.

H. Paid office salaries, $3,500.

I. Determined that the cost of supplies used was $1,300.

J. Paid dividends, $1,500.

Instructions: Prepare T accounts.

EXERCISE 2: (4 marks)

On November 1, 2020, Jocasta established an interior decorating business, Better Business Ideas and
Services. During the month, Kris completed the following, using the following accounts: Cash (11),
Common Stock (31), Accounts Receivable (12), Dividends (33), Supplies (14), Fees Earned (41),
Prepaid Insurance (15), Wages Expense (51), Equipment (18), Rent Expense (53), Truck (17),
Utilities Expense (54), Notes Payable (22), Truck Expense (52), Accounts Payable (21),
Miscellaneous Expense (59).

Nov. 1. Jocasta transferred cash from a personal bank account to an account to be used for the business in
exchange for common stock, $36,000.

Nov. 1. Paid rent for period of November 1 to end of month, $4,000.

Nov. 6. Purchased office equipment on account, $16,000.

Nov. 8. Purchased a truck for $43,000 paying $4,300 cash and giving a note payable for the remainder.

Nov. 10. Purchased supplies for cash, $1,860.

Nov. 12. Received cash for job completed, $8,000.

Nov. 15. Paid annual premiums on property and casualty insurance, $2,400.

Nov. 23. Recorded jobs completed on account and sent invoices to customers, $15,500.

Nov. 24. Received an invoice for truck expenses, to be paid in November, $1,250.

Nov. 29. Paid utilities expense, $3,660.

Instructions:

1) Prepare a journal (2 marks).

2) Prepare a ledger (2 marks).
EXERCISE 3: (4 marks)

Selected account balances before adjustment for Infinite Wealth on July 31, the end of the current year,
are as follows:

Infinite Wealth

Unadjusted Trial Balance

July 31, 2020

Cash $10,200
Accounts Receivable 34,750
Prepaid Insurance 6,000
Supplies 1,725
Land 50,000
Building 155,750
Accumulated Depreciation - Building 62,850
Equipment 45,000
Accumulated Depreciation - Equipment 17,650
Accounts Payable 3,750
Unearned Rent 3,600
Common Stock 60,000
Retained Earnings 93,550
Dividends 8,000
Fees Earned 158,600
Salaries and Wages Expense 56,850
Utilities Expense 14,100
Advertising Expense 7,500
Repairs Expense 6,100
Miscellaneous Expense 4,025
$400,000 $400,000
The data needed to determine year-end adjustments are as follows:

• Depreciation of building for the year, $6,400.

• Depreciation of equipment for the year, $2,800.

• Accrued salaries and wages on July 31, $900.

• Fees earned but unbilled on July 31, $10,200.

• Supplies on hand on July 31, $615.

Cash (11), Accounts Receivable (12), Prepaid Insurance (15), Supplies (14), Land (13), Building
(16), Accumulated Depreciation - Building (18), Equipment (17), Accumulated Depreciation -
Equipment (19), Accounts Payable (21), Unearned Rent (22), Salaries and Wages Payable (23),
Common Stock (31), Retained Earnings (32), Dividends (33), Fees Earned (41), Salaries and Wages
Expense (51), Utilities Expense (54), Advertising Expense (53), Depreciation Expense - Equipment
(57), Depreciation Expense - Building (56), Repairs Expense (55), Supplies Expense (58),
Miscellaneous Expense (59).

Instructions:

1. Journalize the transactions for July (adjusting) (2 marks).

2. Prepare an adjusted trial balance as of July 31, 2020 (2 marks).

THE END