会计学原理（英）章节测试课后答案2024春

第七章测试

1.A credit sale of $5,275 to a customer would result in which of the following?（ ）
A:A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger. B:A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable subsidiary ledger. C:A debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable subsidiary ledger. D:A credit to Sales and a credit to the customer's account in the accounts receivable subsidiary ledger.
答案:C
2.On October 12 of the current year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Assuming the allowance method is used to account for bad debts, what effect will this write-off have on the company's net income and total assets?（ ）
A:Increase in net income; no effect on total assets. B:No effect on net income; no effect on total assets. C:Decrease in net income; no effect on total assets. D:Decrease in net income; decrease in total assets. 3.On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,250; Allowance for Doubtful Accounts, credit balance of $921. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?（ ）
A:$5,660 B:$6,636 C:$5,715 D:$4,794 4.Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food Supplier's journal entry to record the sales transaction is: （ ）
A:Debit Notes Receivable $4,060; credit Sales $4,060 B:Debit Notes Receivable $4,000; debit Interest Receivable $60; credit Sales $4,060 C:Debit Accounts Receivable $4,060; credit Sales $4,060 D:Debit Notes Receivable $4,000; credit Sales $4,000\ 5.Which of the following is not true about the Allowance for Doubtful Accounts?（ ）
A:It is debited when uncollectible accounts are written off. B:It is used instead of reducing accounts receivable directly. C:It is a liability account. D:It is a contra asset account.