会计学6-9章练习.docVIP

COMPREHENSIVE EXAMINATION B (Chapters 6 - 9) Approximate Problem Topic Points Minutes B - I Multiple Choice 20 15 B - II Computation of Net Purchases/Cost of Goods Sold 10 10 B - III Internal Control over Cash Receipts and Disbursements 10 5 B - IV Bank Reconciliation 15 10 B - V Periodic Inventories 12 10 B - VI Accounts Receivable 10 10 B - VII Correcting Entries 9 10 B - VIII Notes Receivable 14 15 100 85 Checking Work 5 90 Problem B - I — Multiple Choice (20 points) Circle the one best answer. 1. Inventoriable costs include all of the following except the a. cost of the goods purchased. b. freight out. c. cost of the beginning inventory. d. freight in. 2. Abaco Enterprises had beginning inventory of $15,000 at March 1, 2008. During the month, the company made purchases of $120,000. The inventory at the end of the month is $17,000. What is cost of goods available for sale for the month of March? a. $15,000 b. $17,000 c. $118,000 d. $135,000 3. A check correctly written and paid by the bank for $391 is incorrectly recorded on the companys books for $319. The appropriate adjustment on a bank reconciliation would be to a. deduct $391 from the books balance. b. deduct $72 from the books balance. c. deduct $72 from the banks balance. d. add $72 to the banks balance. 4. The Petty Cash account should be debited a. whenever an expense is paid from the fund. b. when the fund is established. c. whenever the fund is replenished. d. when the fund is liquidated. 5. A 90-day promissory note dated May 21 matures on a. August 21. b. August 20. c. August 19. d. August 18. 6. The basis of estimating expected uncollectible accounts that emphasizes the matching of expenses with revenues is the a. percentage of receivables basis. b. percentage of sales basis. c. lower of cost or market basis. d. direct write-off method. 7. A company just starting business purchased three merchandise inve