math work sheet chapter 4
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Math Work Sheets and Solutions 1
Name ___________________________________ Date __________________ Class _________________________
MATH WORK SHEETCHAPTER 4
Calculating New Account BalancesCalculate and record the new balance for each of the following accounts.
ACCOUNT Cash ACCOUNT NO. 110_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. 1, 200.00 ………..3,900.00 ……….. ________ ________…….. 1,755.00 ________ ________
ACCOUNT Supplies ACCOUNT NO. 120_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. 750.00 ………..150.00 ……….. ________ ________
ACCOUNT Prepaid Insurance ACCOUNT NO. 130_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. 315.00 ………..65.00 ……….. ________ ________
ACCOUNT Accts. Pay .—Hatch Company AC COUNT NO. 210_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. ………… 900.00600.00 ……….. ________ ________
ACCOUNT John Robbins, Capital ACCOUNT NO. 310_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. …………. 1,365.00…….. 500.00 ________ ________
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2 Math Work Sheets and Solutions
ACCOUNT Sales ACCOUNT NO. 410_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. 3,400.00 ________ ________…….. 550.00 ________ ________
ACCOUNT Utilities Expense ACCOUNT NO. 550_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT30.00 ……….. ________ ________70.00 ……….. ________ ________50.00 ……….. ________ ________
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Math Work Sheets and Solutions 3
Name ___________________________________ Date __________________ Class _________________________
MATH WORK SHEETCHAPTER 5
PART A Calculating New Balances on a Check StubCalculate the amounts needed to complete the following check stub information. Write your answers onthe lines provided.
Check No. 151: Check No. 152:Bal. Bro’t For’d ............… -0- Bal. Bro’t For’d …………… ____________Amt. Deposited ............. 12,000.00 Amt. Deposited …………… -0-Subtotal ………………… __________ Subtotal ……………………. ____________Bank Charges ............… -0- Bank Charges …………….. -0-Subtotal ………………… __________ Subtotal ……………………. ____________Amt. This Check ……… 1,500.00 Amt. This Check ………….. 260.00Bal. Car’d For’d ………. __________ Bal. Car’d For’d …………… ____________
Check No. 153: Check No. 154:Bal. Bro’t For’d .............. __________ Bal. Bro’t For’d …………… ____________Amt. Deposited ............. 500.00 Amt. Deposited …………… 150.00Subtotal ………………… __________ Subtotal ……………………. ____________Bank Charges ............… -0- Bank Charges …………….. 10.00Subtotal ………………… __________ Subtotal ……………………. ____________Amt. This Check ……… 350.00 Amt. This Check …………... 119.00Bal. Car’d For’d ………. __________ Bal. Car’d For’d …………… ____________
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4 Math Work Sheets and Solutions
PART B Reconciling Bank StatementsReconcile the bank statement received on September 29 of the current year using the followinginformation.
Bank Statement Balance ………………… $7,987.00 Outstanding ChecksBank Service Charge …………………….. 10.00 No. 161, $375.00Dishonored Check ………………………... 175.00 No. 163, $17.00Outstanding Deposit, August 28, 20— .... 430.00 Balance on Check Stub No. 165 …….. 8,210.00
PART C Calculating Amount of Petty Cash ReplenishmentPortman Products has a $200.00 petty cash fund. The following petty cash slip amounts have been paid:$16.00, $22.50, $35.00, $7.00.
Reconcile the petty cash fund. There is $119.50 remaining in the petty cash fund.Petty cash on hand ………… ___________________Total of petty cash slips …… ___________________Petty cash fund total ………. ___________________
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Math Work Sheets and Solutions 5
Name ___________________________________ Date __________________ Class _________________________
MATH WORK SHEETCHAPTER 6
PART A Analyzing AdjustmentsCalculate the adjustment amounts for the following information.
Supplies Account Supplies on Hand Adjustment Amount Balance
$4,831.00 $2,204.00 ________________$8,901.00 $7,658.00 ________________$1,099.00 $1,010.00 ________________
Prepaid Insurance Value of Adjustment AmountAccount Balance Prepaid Insurance
$1,300.00 $1,000.00 ________________$2,600.00 $ 500.00 ________________$ 900.00 $ 100.00 ________________
PART B Converting International Weights and MeasuresUse the following metric conversion chart and calculate the new weights and measures. Roundconversions to the nearest hundredth.
To Change To Multiply by Conversion
10 meters inches 39.37 __________ inches12 decimeters inches 3.94 __________ inches6 centimeters inches 0.39 __________ inches9 millimeters inches 0.04 __________ inches5 liters quarts (dry) 0.908 __________ quarts2 liters quarts (liquid) 1.057 __________ quarts
PART C Calculating Net Income/Net LossCalculate the net income or net loss for the following work sheet Income Statement column totals. Putparentheses around net loss amounts.
Income Statement Income Statement Net Income/(Loss)Debit Column Total Credit Column Total
$3,295.00 $4,191.00 _______________$7,295.00 $6,588.00 _______________$2,126.00 $5,090.00 _______________
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6 Math Work Sheets and Solutions
PART D Checking for Typical Arithmetic ErrorsFind and correct any errors in the following general ledger accounts.
ACCOUNT Cash ACCOUNT NO. 110_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. ……….. 3,700.001,400.00 ……….. ……….. 5,100.00…….. 2,000.00 ……….. 7,100.00
ACCOUNT Supplies ACCOUNT NO. 120_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. 1,100.00 ………..…….. 200.00 1,300.00 ………..
ACCOUNT Prepaid Insurance ACCOUNT NO. 130_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. 2,370.00 ………..…….. 1,180.00 2,290.00 ………..
ACCOUNT A/P—Best Supply Company ACC OUNT NO. 210_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. ………… 340.00…….. 173.00 ………… 413.00
ACCOUNT A/P—Wells Company ACCOUNT NO. 220_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. ………… 130.00…….. 56.00 ………… 186.00…….. 101.00 ………… 278.00
ACCOUNT Bart Nichols, Capital ACCOUNT NO. 310_____
BALANCE______________________
DEBIT CREDIT DEBIT CREDIT…….. ……….. …………. 4,117.00…….. 493.00 …………. 4,510.00280.00 ……….. …………. 4,330.00
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Math Work Sheets and Solutions 7
Name ___________________________________ Date __________________ Class _________________________
MATH WORK SHEETCHAPTER 7
PART A Calculating Net IncomeCalculate net income for the following information.
Total Revenue Total Expenses Net Income$ 5,000.00 $3,985.00 ________________$ 2,793.00 $1,532.00 ________________$11,879.00 $8,440.00 ________________
PART B Calculating Component PercentagesCalculate component percentages for the following information. Round percentage calculations to thenearest 0.1%.
Total Sales Component Percentage$6,291.00 $4,395.00 total expenses ________________$6,291.00 $1,896.00 net income ________________$4,624.00 $3,550.00 total expenses ________________
PART C Calculating Owner’s EquityCalculate owner’s equity for the following information.
Capital Drawing CurrentAccount Net Account Owner’sBalance Income Balance Equity$10,000.00 $ 902.00 $ 400.00 _______________$15,250.00 $1,045.00 $ 600.00 _______________$32,750.00 $9,275.00 $1,500.00 _______________
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