AppendixII：AnswerstoSelf-ExercisesUnit1AnswersI.Questions:（略）II.Choice:(1)c(2)d(3)d(4)b(5)b(6)c(7)c(8)b(9)d(10)dUnit2AnswersI.Choice:(1)c(2)a(3)a(4)b(5)c(6)d(7)d(8)c(9)c(10)bII.Exercise:(1)a.CapitalandCashincreaseb.AccountReceivableandCapitalincreasec.OfficeSuppliesandAccountPayableincreased.AccountReceivabledecreaseandCashincreasee.AccountPayabledecreaseandCashdecreasef.LanddecreaseandCashincreaseg.CashdecreaseandOfficeSuppliesincreaseh.CashincreaseandCapitalincreasei.CashdecreaseandCapitaldecrease(2)Cash+Land+Supplies+Equipment=AccountsPayable+Capital+120,000+120,000-90,000+90,000+2,000+2,000+6,000+6,000-2,700-2,700+500-500-1,500-1,500(3)①Salinggoodsforcash.②Purchasingsuppliesonaccount.③Salinggoodsonaccount.④Payingcashforrent.⑤Receivingcashonaccount.⑥Payingcashforadvertisement.⑦Payingcashonaccount.⑧Payingutilitiesexpenseonaccount.CashSalesRevenueSupplies(1)530(4)1200(1)530(2)270(5)1400(6)350(3)2100(7)270Bal.2,630Bal.270Bal.110AccountsPayableAccountsReceivable(7)270(2)270(3)2100(5)1400(8)220Bal.220Bal.700237RentExpenseAdvertisingExpenseUtilitiesExpense(4)1200(6)350(8)220Bal.1,200Bal.350Bal.220(4)①InitialinvestmentbyownerDr:Cash45,000Cr:StuRosenthal,Capital45,000②PurchasingsuppliesonaccountDr:Supplies400Cr:AccountsPayable400③PayingcashforlandDr:Land42,000Cr:Cash42,000④BorrowingcashfrombankonapromissorynoteDr:Cash7,000Cr:NotePayable7,000⑤PurchasingequipmentforcashDr:Equipment6,000Cr:Cash6,000Unit3AnswersI.Choice:(1)b(2)d(3)b(4)d(5)a(6)b(7)d(8)b(9)c(10)cII.Exercise:(1)Referenceforjournalentries1)Preparingentries:Feb.1Dr.AccountsReceivable-G.M.Titcher900Cr.Sales9005Dr.Cash770Cr.Equipment7706Dr.Cash2,107Cr.Sales2,1078Dr.AccountsReceivable-McNairCo.2,830Cr.Sales2,8309.Dr.Cash40,000Cr.Land22,000GainonSaleofLand18,00011Dr.AccountsReceivable-G.M.Titcher6,099Cr.Sales6,09911Dr.Cash882SalesDiscounts18Cr.AccountsReceivable-G.M.Titcher90013Dr.Cash1,995238Cr.Sales1,99515Dr.AccountReceivable-Montez800Cr.Sales80018Dr.SalesReturnsandAllowances120Cr.AccountReceiva...
