Intermediate financial exercises, intermediate financial accounting exercises

1. Provision for bad debts in the first year: 1,000,000 3 = 3,000

Debit: Asset impairment loss - provision for bad debts 3000

Credit: Provision for bad debts 3000

2. Bad debt losses occur in the second year.

Debit: Bad debt provision 6000

Credit: Accounts Receivable - Unit A 1000

B unit 5000

3. When the balance of accounts receivable at the end of the year is 1,200,000, the provision is 1,200,000 3 = 3,600, but because the first year of the provision of 3,000 yuan is not enough to pay the loss of 6,000 yuan, therefore, at the end of the second year, the loss of more than 3,000 yuan in the first year should be made, that is, according to the balance of accounts receivable at the end of the first year (1 million yuan) and then withdraw 3. At the end of the second year, a total of 6,600 yuan was withdrawn, and although 6,600 yuan was withdrawn in the second year, the credit of the year-end bad debt provision reflected in the accounting account remained at 3,600 yuan.

Debit: Asset impairment loss - provision for bad debts 6600

Credit: Bad debt provision 6600

4. The accounts receivable of the previous year that have been written off have been recovered.

The first entry - debit: accounts receivable - unit B 5000

Credit: Provision for bad debts 5000

2nd entry - debit: bank deposit 5000

Credit: Accounts receivable 5000

5. When the balance of accounts receivable at the end of the period is 1,300,000, 1,300,000 3 -(3600+5000)=-4700

Since the bad debts that have been written off before the recovery of 5,000 yuan in the third year, the credit balance of the bad debt provision at the end of the year has been 8,600 yuan, and the credit balance of the bad debt provision can only be maintained at 3,900 yuan according to the balance of accounts receivable in the current year, so the over-accrued 4,700 yuan should be reversed.

Debit: Bad debt provision 4700

Credit: Asset impairment loss - provision for bad debts 4700

Note: When making provision for bad debts, the new accounting standard uses the account of "asset impairment loss - provision for bad debts", while the old accounting standard uses the account of "management expenses", but in reality, the "management expense account" can still be used

1.Provision for bad debts drawn at the end of the first year.

Borrow: 3000 for administrative fees

Credit: Bad debt provision 3000

2.Bad debts of $6,000 occurred in the following year.

Debit: Bad debt provision 6000

Credit: Accounts receivable 1000

Credit: Accounts receivable 5000

3.Provision for bad debts is drawn in the second year.

Borrow: 6600 management expenses (3000 withdrawn in the previous year is not enough to offset the bad debts, and 3000 is withdrawn at the end of the year).

Credit: Bad debt provision 6600

4.In the third year, the accounts receivable of unit B of the previous year that had been written off was 5,000 yuan.

Debit: Accounts receivable 5000

Credit: Bad debt provision 5000

5.Provision for bad debts drawn at the end of the third year.

Debit: 2500 for management expenses (because 5000 is recovered, only a difference is needed at the end of the year) Credit: 2500 for bad debts

Borrow: Available for **Financial Assets - Cost 323,000 Loan: Other Monetary Funds 323,000 Borrow:

Available for **Financial assets - change in fair value 17,000 Credit: Capital reserve - other capital reserve 17,000 Loan: Other monetary funds 90,000

Credit: Available for **Financial Assets - Cost 80750 - Change in Fair Value 4250

Investment income 5,000 borrowing: asset impairment loss 210,000

Capital reserve - other capital reserve 12750

Credit: Available for **Financial Assets - Change in Fair Value 222750 Loan: Available for **Financial Assets - Change in Fair Value 15000 Credit: Capital Reserve - Other Capital Reserve 15000

Coupon 1200 6 72

Interest adjustment amount 1176-1080 96

The difference between the investment income and the coupon interest

then ......Balance

2x12-1-12 Bond Purchase:

Borrow: Available for ** Financial Assets - Cost 1200 Interest Receivable 72

Credit: Bank Deposits 1176

Available for **Financial Assets - Interest Adjustment 96

On January 10, 2x12, the interest of 720,000 yuan of corporate bonds included in the purchase price was received: bank deposit 72

Credit: Interest receivable 72

December 31, 2x12.

Actual interest = 1104 8% = 10,000 yuan.

Amortized cost at the end of the year = 1200-96-(10,000 yuan.)

Fair value change loss to be recognized at the end of the period = 10,000 yuan.

Profit or Loss Recognized: Debit: Interest Receivable 72

Available for ** Financial Assets - Interest Adjustment.

Credit: Investment income.

At this time, the balance of the "Available Financial Assets - Interest Adjustment" account = 10,000 yuan of fair value change:

Borrow: Capital Reserve - Other Capital Reserve.

Credit: Available for ** Financial Assets - Changes in Fair Value.

1> At the time of initial recognition, borrow: held-to-maturity investment - cost 1000 - interest adjustment 35

Interest receivable 60

Credit: Bank Deposit 1095

2. Interest included in the price received > debit: bank deposit 60

Credit: Interest receivable 60

3> Borrow: Interest receivable 60

Credit: Investment income 1035 5

Held-to-maturity investments - interest adjustments.

Debit: Bank deposit 60

Credit: Interest receivable 60

At this time, the amortized cost of Company A is.

So, choose B

The recorded value of the bond is 1095-60=1035 yuan.

The investment income recorded in 2012 is 1035 * 5% = yuan accrued interest in 2012, 1000 * 6% = 60 yuan 2 x December 31, 12 years, after company A recognizes the investment income and amortizes the interest adjustment, the amortized cost of company A's bonds is.

1035+ yuan.

Select d This is the purchase of bonds at a discount, and this part of the discount is included in the "Held-to-Maturity Investment Interest Adjustment" account, at maturity, the discount has been fully amortized (here is amortization) to the face value of 70,000, plus the coupon interest of 70,000 5 3 for 3 years, and the book value is 80,500

When purchasing engineering materials, borrow: engineering materials: 1638 (1400 + 238) Credit: bank deposit 1638

Because it is not directly used for production of fixed assets, etc., the VAT cannot be deducted, and needs to be entered into the cost;

When the engineering materials are used for production, borrow: construction in progress 1638 loan: engineering materials 1638

When receiving inventory goods, borrow: construction in progress 214 (180+200*17%) credit: inventory goods 180

Tax payable - Pride VAT (output tax) 34 (200*17%) Wages of engineering personnel are included in cost, borrowed: construction in progress 362 Credit: Employee remuneration payable 362

Pay payroll entries omitted).

The project reached the intended state of use in August 2009, and depreciation began to be accrued in September, and the cost of the plant was at the time of completion.

1638 + 214 + 362 = 2214 (10,000 yuan) annual accrued depreciation: (2214-36) 22 = 990,000 yuan The accumulated depreciation amount at the end of 2010 is: 99 * (1 + 4 12) = 1.32 million yuan When the plant is used for rent, borrow:

Investment Real Estate - Cost 2200** Exchange Day Fair Value) Accumulated Depreciation 132

Credit: Fixed Assets 2214

Capital Reserve - Other Capital Reserve 118 (Fair Value, Original Value, Depreciation Difference) 2011, Subsequent Measurement, Borrow: Investment Real Estate - Change in Fair Value 200 Credit: Profit or Loss on Change in Fair Value 200 (2400-2200) Rental Income in 2011, Loan:

Cash in hand, etc. 220 credit: other business income 220

When transferring the plant, borrow: bank deposit 2500

Capital reserves – other capital reserves 118

Fair value change gain or loss 200

Other Operating Costs 2082

Credit: Other business income 2500

Investment real estate - cost 2200

Change in fair value 200