Exam (elaborations)

Solutions for Accounting, 9th Australian Edition Miller-Nobles (All Chapters included)

1 purchase

Course
Accounting

Institution
Accounting

Complete Solutions Manual for Accounting, 9th Australian Edition by Tracie Miller-Nobles, Brenda Mattison, Ella Mae Matsumura, Peter Best, David Keene, Rebecca Tan, Roger Willett ; ISBN13: 9781488617362. (Full Chapters included Chapter 1 to 23)... 1. The role of accounting in decision making. 2. ...

[Show more]

Preview 4 out of 1019 pages

View example

Uploaded on December 7, 2023
Number of pages 1019
Written in 2021/2022
Type Exam (elaborations)
Contains Questions & answers

solutions
manual
accounting
9th australian edition
9ae
miller nobles
exercises
problems
nobles
9781488617362
solutions manual

mizhouubcca

Member since 1 year 1066 documents sold

128

$29.49

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Accounting
9th Australian Edition by
Tracie Miller-Nobles

Complete Chapter Solutions Manual
are included (Ch 1 to 23)

** Immediate Download
** Swift Response
** All Chapters included

,Chapter 1
The role of accounting in decision making
EXCEL EXERCISE 1.1
Solution isn’t provided as company reports will change each year.

QUICK CHECK
1. c 7. c
2. c 8. a
3. c 9. c
4. a 10. c
5. b 11. a
6. a 12. b

STARTERS

S1-1
a. FA e. MA
b. FA f. FA
c. FA g. MA
d. MA h. FA

S1-2
Requirement 1
Kenmore Handyman Services has equity of $7,720.
Assets = Liabilities + Equity
$16,400 = $8,680 + ?
$16,400 = $8,680 + $7,720

Requirement 2
Kenmore Handyman Services has liabilities of $14,760.
Assets = Liabilities + Equity
$16,400 + $3,500 = ? + $7,720 – $2,580
$19,900 = $14,760 + $5,140

9781488617362/Miller-Nobles/Accounting, 9e

,Accounting 9e Solutions Manual, Chapter 1 2

S1-3
Requirement 1

Assets = Liabilities + Equity
+ Josh, – Josh, + Revenues – Expenses
Capital Withdrawal
$42,600 = $17,220 + $26,240 – $8,500 + $12,080 – ?
$42,600 = $17,220 + $26,240 – $8,500 + $12,080 – $4,440

Requirement 2
Josh’s Overhead Doors reported net profit of $7,640.
Profit = Revenues ($12,080) – Expenses ($4,440)

S1-4
a. L f. Q
b. A g. A
c. Q h. Q
d. A i. A
e. Q j. E

S1-5
a. Increase asset (Cash); Increase equity (Service revenue)
b. Decrease asset (Cash); Decrease equity (Salaries expense)
c. Increase asset (Cash); Increase equity (Maxdale, capital)
d. Increase asset (Accounts receivable); Increase equity (Service revenue)
e. Increase liability (Accounts payable); Decrease equity (Electricity expense)
f. Decrease asset (Cash); Decrease equity (Maxdale, withdrawal)

S1-6
a. Increase asset (Cash); Increase equity (Gibson, capital)
b. Increase asset (Equipment); Increase liability (Accounts payable)
c. Increase asset (Office supplies); Decrease asset (Cash)
d. Increase asset (Cash); Increase equity (Service revenue)
e. Decrease asset (Cash); Decrease equity (Wages expense)
f. Decrease asset (Cash); Decrease equity (Gibson, withdrawal)
g. Increase asset (Accounts receivable); Increase equity (Service revenue)
h. Decrease asset (Cash); Decrease equity (Rent expense)
i. Increase liability (Accounts payable); Decrease equity (Electricity expense)

9781488617362/Miller-Nobles/Accounting, 9e

, Accounting 9e Solutions Manual, Chapter 1 3

S1-7
a. B f. I
b. B g. B
c. OE and B h. OE
d. B i. B
e. I j. I

S1-8

DECORATING ARRANGEMENTS
Income statement
for the year ended 30 June 2021
$ $
Revenue:
Service revenue 80,000
Expenses:
Salaries expense 37,000
Rent expense 11,000
Insurance expense 2,000
Electricity expense 500
Total expenses 50,500
Net profit $29,500

S1-9
Note that there is an error in the question. The first column, line 5, should read
Richards, capital, 1 July 2020 13,300
This has been corrected in the answer below.

DECORATING ARRANGEMENTS
Statement of changes in owners’ equity
for the year ended 30 June 2021
$
Richards, capital, 1 July 2020 13,300
Owner contribution 0
Profit for the year 29,500
42,800
Owner withdrawal (4,500)
Richards, capital, 30 June 2021 38,300

9781488617362/Miller-Nobles/Accounting, 9e

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller mizhouubcca. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Exam (elaborations)

Solutions for Accounting, 9th Australian Edition Miller-Nobles (All Chapters included)

Document information

Subjects

Written for

Seller

Reviews received

Content preview