Elektroniczna wymiana danych

 
Exercise 19 
If the equipment account has a balance of 22.500 and its accumulated depreciation account 
has a balance of 14.000, the book value of the equipment is: 
a)
36.500 
b)
22.500 
c)
14.000 
d)
8.500 
Exercise 20 
The balance in the prepaid insurance account, before adjustment at the end of the year, is 
4.525. What is the entry required under each of the following alternatives: 
a)
the amount of insurance expired during the year is 3.225 
b)
the amount of unexpired insurance applicable to future periods is 1.300 
Exercise 21 
On December 31, a business enterprise estimates depreciation on equipment used during the 
first year of operations to be 2.900. (a) Prepare the adjusting entry required as of December 
31, (b) If the entry in (a) were omitted, which items would be erroneously stated on (1) the 
income statement for the year, and (2) the balance sheet os of December 31? 
Exercise 22 
Equipment that was acquired for 250.000 has a current book value of 100.000 and an 
estimated market value of 120.000. If the replacement cost of the equipment is 350.000, at 
which amount should the equipment be reported in the balance sheet? 
a)
120.000 
b)
150.000 
c)
350.000 
d)
None of the above 

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Accounting
– Lectures a nd tutoria ls exa mples 
Pa ge 7 of 14 
Exercise 23 
Merchandise costing 140.000 was sold on the installment plan for 200.000 during the current 
year. Down payments of 40.000 and installment payments of 35.000 were received during the 
current year. If the installment method of accounting is employed, what is the amount of the 
gross profit to be realized in the current year? 
a)
22.500 
b)
60.000 
c)
75.000 
d)
None of the above