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Jerry asked in 社會與文化語言 · 1 decade ago

有哪位會計高手能幫我翻譯並解出這個會計題目

Analysis of Transactions

Nike, Inc. had the following condensed balance sheet on August 31.2003($ in millions):

Assets

Cash $ 998

Inventories 1,480

Property,plant,&epuipment 1,564

Other assets 2,918

Total assets $ 6960

Liabilities and Stockholder’s Equity

Total liabilities $2,743

Owner’s equity 4,217

Total liabilities and

owners’ equity $6,960

Suppose the following transactions occurred during the first 3 days of September($ in millions):

1.Nike acquired inventories for cash,$17.

2.Nike acquired inventories on open account,$19.

3.Nike returned for full credit, $4,some unsatisfactory shoes that it acquired on open account in August.

4.NIKE acquired $12 of equipment for a cash down payment of $3,plus a 2-year promissory note of $9.

5.To encourage wider displays, Nike sold some special store equipment to New York area stores for $40 cash. The equipment had cost $40 in the preceding month.

6.Clint Eastwood produced, directed,and starred in a movie. As a favor to a Nike executive, he agreed to display Nike shoes in a basketball scene. Nike paid no fee.

7.Nike disbursed cash to reduce accounts payable, $16.

8.Nike borrowed cash from a bank, $50.

9.Nike sold additional common stock for cash to new investors, $90.

10.The president of the company sold 5,000 shares of his personal holdings of Nike stock through his stockbroker.

Required

1.By using a format similar to Exhibit (Description of Transactions),prepare an analysis showing the effects of the September transactions on the financial position of Nike.

2.Prepare a balance sheet as of September 3.

2 Answers

Rating
  • Anonymous
    1 decade ago
    Favorite Answer

    我不知道你的那個 Exhibit 是長的怎樣的...

    anyways... here I go

    第一部分:

    1.Nike acquired inventories for cash,$17.

    Inventories +17, cash -17 (Assets 0, Liabilities 0, Owners' Equity 0) (0 為沒有變動)

    2.Nike acquired inventories on open account,$19.

    Inventories + 19, A/P +19 (A +19, L +19, OE 0)

    3.Nike returned for full credit, $4,some unsatisfactory shoes that it acquired on open account in August.

    Inventories -4, A/P -4 (A-4, L-4, OE 0)

    4.NIKE acquired $12 of equipment for a cash down payment of $3,plus a 2-year promissory note of $9.

    Property,plant,&epuipment +12, Cash - 3, Notes Payable +9 (A+9, L+9, OE 0)

    5.To encourage wider displays, Nike sold some special store equipment to New York area stores for $40 cash. The equipment had cost $40 in the preceding month.

    cash +40, Property,plant,&epuipment -40 (A0, L0, OE0)

    6.Clint Eastwood produced, directed,and starred in a movie. As a favor to a Nike executive, he agreed to display Nike shoes in a basketball scene. Nike paid no fee.

    No transaction (A0,L0,OE0)

    7.Nike disbursed cash to reduce accounts payable, $16.

    Cash-16, A/P-16 (A-16,L-16, OE 0)

    8.Nike borrowed cash from a bank, $50.

    Cash +50, Bank Loan +50 (A+50, L+50, OE 0)

    9.Nike sold additional common stock for cash to new investors, $90.

    Cash +90, Common Stock +90 (A+90, L0, OE +90)

    10.The president of the company sold 5,000 shares of his personal holdings of Nike stock through his stockbroker.

    No transaction (A0,L0,OE0)

    第二部分

    Nike, Inc.

    Balance Sheet

    As of September 3rd, 2003

    Assets

    Cash $ 1,142

    Inventories 1,512

    Property,plant,&epuipment 1,536

    Other assets 2,918

    Total assets $ 7,108

    Liabilities and Stockholder’s Equity

    Total liabilities $2,801

    Owner’s equity 4,307

    Total liabilities and

    owners’ equity $7,108

    NOTE: $ in millions

    2005-10-02 14:09:46 補充:

    a typo in my answer...

    it is "anyways" not "anways"

    (something's wrong with my keyboard these days =__=)

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  • 1 decade ago

    When you post a question like this, I assume that you are learning the Accounting and I expect that you know basic Accounting principles, right? Do the daily general journal first, for example:

    2005-10-02 02:03:42 補充:

    ( Dt.: Debit(ing): Cr.(Credit(ing)) Q:4

    DT :Property,plant,equip $12

    CR: Cash $3

    CR: Notes Payable $9

    Thhen you apply to the balbnce sheet:

    Cash decreases $3

    Equipment increase$12

    total liability increase$9

    2005-10-02 02:08:38 補充:

    correct typo: : " Then" " balance sheet"

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