会计学：企业决策的基础exercises-chapter4答案.docVIP

Solutions to Exercises Ex 4–1 a. Book value b. Materiality c. Matching principle d. Unrecorded revenue e. Adjusting entries f. Unearned revenue g. Prepaid expenses h. None (This is an example of “depreciation expense.”) Ex. 4–2 Income Statement Balance Sheet Adjusting Entry Revenue ? Expenses = Net Income Assets = Liabilities + Owners’Equity a NE I D D NE D b NE I D NE I D c I NE I I NE I d NE I D NE I D e NE I D D NE D f I NE I NE D I Ex. 4–3 a. Rent Expense 240,000 Prepaid Rent 240,000 To record rent expense for May ($1,200,000 ? 5 months = $240,000 per month). b. Unearned Ticket