As the recently appointed auditor for Hillary Corporation, you have been asked to examine selected accounts before the 6-month financial statements of June 30, 2012, are prepared. The controller for Hillary Corporation mentions that only one account was used for intangible assets.
Prepare the entries (incuding adjusting entries) necessary to correct this account. Assume that the patent has a useful life of 12 years
答案:
Research and Development Expense … 940,000(借方)
Patents … 75,000(借方)
Rent Expense … 65,000(借方)
Prepaid Rent … …26,000(借方)
Advertising Expense … 207,000(借方)
Operating losses… … 141,000(借方)
Bonds Payable …82950(借方)
Interest Expense … 1,050(借方)
Share Premium—Ordinary … 250,000(貸方)
Intangible Assets … 1,288,000(貸方)
1.我習慣寫個別分錄，對於老師所教的(上述分錄)不是很了解，是否可以說明每個分錄?
2.應付公司債通常是使用有效利率法計算，但是為何此題的計算過程卻是 84000/240=350 350*3=1050(利息費用) 84000-1050=82950(應付公司債)，能否說明??