题目
题目

MUF0021 Accounting Unit 1 - Semester 2, 2025

单项选择题

On 27 September 2026, the business invested $40 000 into a Term Deposit (EFT Pay 5). At the end of 12 months the business is expected to receive $2 000 interest on the Term Deposit.Select the correct transaction analysis for the transaction dated 27 September 2026.

选项
A.a.
B.b.
C.c.
D.d.
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思路分析
The scenario describes an initial cash outlay to create a Term Deposit: on 27 September 2026, cash (Bank) is reduced by 40,000 and a Term Deposit (Asset) is increased by 40,000. Option a: If this option shows Bank increasing by 40,000 and Term Deposit decreasing by 40,000, it is incorrect. The business is not gaining c......Login to view full explanation

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Question 6 [6 marks] For each transaction select “increase”, “decrease” or “no effect” and dollar amount where required in the table below. Note that for boxes that are blank (that is where there are no drop down options), then no answer is required. The following are the transactions that occurred for Teal Ltd during the year ended 30 June 2025. Teal Ltd uses the perpetual inventory system. a. Sold $70,000 of products to customers on credit. The cost of the products was $30,000. b. Purchased equipment on 30 June 2025 for $200,000, paying $50,000 in cash and the remainder by signing a note payable in 6 months. c. Credit purchase of inventories for $150,000. d. Paid an invoice of $8000 for an advertisement that the company used in the previous period. [table] | Current assets | Total Assets | Total Liabilities | Revenue | Expenses | Impact | Amount | Impact | Amount | Impact | Amount | Impact | Amount | Impact | Amount a | Blank 1 Question 6 IncreaseDecreaseNo effect | Blank 2 Question 6 08,00030,00040,00060,00070,000100,000150,000200,000 | | | | | Blank 3 Question 6 IncreaseDecreaseNo effect | | Blank 4 Question 6 IncreaseDecreaseNo effect | Blank 5 Question 6 08,00030,00040,00060,00070,000100,000150,000200,000 b | Blank 6 Question 6 IncreaseDecreaseNo effect | | Blank 7 Question 6 IncreaseDecreaseNo effect | | Blank 8 Question 6 IncreaseDecreaseNo effect | | | | | c | | | Blank 9 Question 6 IncreaseDecreaseNo effect | | | | | | Blank 10 Question 6 IncreaseDecreaseNo effect | d | | | | | Blank 11 Question 6 IncreaseDecreaseNo effect | | | | Blank 12 Question 6 IncreaseDecreaseNo effect | [/table]

PART 2- Impact of transactions The following transactions occurred for Blue Ltd during the year ended 31 December 2018 (assume all beginning balances = 0). What is the effect on net profit, total assets and total liabilities of each of the below transactions for the year ending 31 December 2018? (Treat each transaction separately). a. A car is purchased for the business with $20,000 cash. b. Paid a supplier $6000 that was owing. c. Received an advertising bill in December 2018 for $5,000 covering radio advertising for December 2018. The bill will be paid next year. For each transaction, select “increase”, “decrease” or “no effect” and select the dollar amount in the table below. Where there 'x' no answer is required. [4 marks] [table] | Net Profit | Total Assets | Total Liabilities | Impact | Amount | Impact | Amount | Impact | Amount a | Blank 1 Question 3 IncreaseDecreaseNo Effect | Blank 2 Question 3 Zero5000600020,000 | Blank 3 Question 3 IncreaseDecreaseNo Effect | x | Blank 4 Question 3 IncreaseDecreaseNo Effect | x b | Blank 5 Question 3 IncreaseDecreaseNo Effect | x | Blank 6 Question 3 IncreaseDecreaseNo Effect | Blank 7 Question 3 Zero5000600020,000 | Blank 8 Question 3 IncreaseDecreaseNo Effect | x c | Blank 9 Question 3 IncreaseDecreaseNo Effect | x | Blank 10 Question 3 IncreaseDecreaseNo Effect | x | Blank 11 Question 3 IncreaseDecreaseNo Effect | Blank 12 Question 3 Zero5000600020,000 [/table]

Question textAnalyzing Transactions Using the Financial Statement Effects Template Record the effect of each of the following independent transactions using the financial statements effects template provided. Confirm that Assets = Liabilities + Equity for each transaction.Note: Use a negative sign with your answers, when appropriate. [table] | Balance Sheet | | Income Statement Transaction | Cash Asset | + | Noncash Assets | = | Liabilities | + | Contributed Capital | + | Earned Capital | | | Revenue | - | Expenses | = | Net Income (1) Receive €37500 in exchange for commonstock. | Answer 1CorrectThe correct answer is: 37500Mark 1.00 out of 1.00 | + | Answer 2CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 3CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 4CorrectThe correct answer is: 37500Mark 1.00 out of 1.00 | + | Answer 5CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | Answer 6CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 7CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 8CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (2) Borrow €7500 from bank. | Answer 9CorrectThe correct answer is: 7500Mark 1.00 out of 1.00 | + | Answer 10CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 11CorrectThe correct answer is: 7500Mark 1.00 out of 1.00 | + | Answer 12CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 13CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | Answer 14CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 15CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 16CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (3) Purchase €1500 of supplies inventory on credit. | Answer 17CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 18CorrectThe correct answer is: 1500Mark 1.00 out of 1.00 | = | Answer 19CorrectThe correct answer is: 1500Mark 1.00 out of 1.00 | + | Answer 20CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 21CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | Answer 22CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 23CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 24CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (4) Receive €11250 cash from customers for services provided. | Answer 25CorrectThe correct answer is: 11250Mark 1.00 out of 1.00 | + | Answer 26CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 27CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 28CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 29CorrectThe correct answer is: 11250Mark 1.00 out of 1.00 | | | Answer 30CorrectThe correct answer is: 11250Mark 1.00 out of 1.00 | - | Answer 31CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 32CorrectThe correct answer is: 11250Mark 1.00 out of 1.00 (5) Pay €1500 cash to supplier in transaction 3. | Answer 33CorrectThe correct answer is: -1500Mark 1.00 out of 1.00 | + | Answer 34CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 35CorrectThe correct answer is: -1500Mark 1.00 out of 1.00 | + | Answer 36CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 37CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | Answer 38CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 39CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 40CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (6) Receive order for future services with €2625 advance payment. | Answer 41CorrectThe correct answer is: 2625Mark 1.00 out of 1.00 | + | Answer 42CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 43CorrectThe correct answer is: 2625Mark 1.00 out of 1.00 | + | Answer 44CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 45CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | Answer 46CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 47CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 48CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (7) Pay €3750 cash dividend to shareholders. | Answer 49CorrectThe correct answer is: -3750Mark 1.00 out of 1.00 | + | Answer 50CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 51CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 52CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 53CorrectThe correct answer is: -3750Mark 1.00 out of 1.00 | | | Answer 54CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 55CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 56CorrectThe correct answer is: 0Mark 1.00 out of 1.00 (8) Pay employees €4500 cash for compensation earned. | Answer 57CorrectThe correct answer is: -4500Mark 1.00 out of 1.00 | + | Answer 58CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 59CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 60CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 61CorrectThe correct answer is: -4500Mark 1.00 out of 1.00 | | | Answer 62CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 63CorrectThe correct answer is: 4500Mark 1.00 out of 1.00 | = | Answer 64CorrectThe correct answer is: -4500Mark 1.00 out of 1.00 (9) Pay €375 cash for interest on loan in transaction 2. | Answer 65CorrectThe correct answer is: -375Mark 1.00 out of 1.00 | + | Answer 66CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | = | Answer 67CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 68CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | + | Answer 69CorrectThe correct answer is: -375Mark 1.00 out of 1.00 | | | Answer 70CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | - | Answer 71CorrectThe correct answer is: 375Mark 1.00 out of 1.00 | = | Answer 72CorrectThe correct answer is: -375Mark 1.00 out of 1.00 Totals | Answer 73CorrectThe correct answer is: 48750Mark 1.00 out of 1.00 | + | Answer 74CorrectThe correct answer is: 1500Mark 1.00 out of 1.00 | = | Answer 75CorrectThe correct answer is: 10125Mark 1.00 out of 1.00 | + | Answer 76CorrectThe correct answer is: 37500Mark 1.00 out of 1.00 | + | Answer 77CorrectThe correct answer is: 2625Mark 1.00 out of 1.00 | | | Answer 78CorrectThe correct answer is: 11250Mark 1.00 out of 1.00 | - | Answer 79CorrectThe correct answer is: 4875Mark 1.00 out of 1.00 | = | Answer 80CorrectThe correct answer is: 6375Mark 1.00 out of 1.00 [/table]

Question text Recording Transactions in the Financial Statement Effects Template (FSET) Minute Maid, a firm providing housecleaning services, began business on April 1. The following transactions occurred during the month of April. April 1: A. Falcon invested $13,500 cash to begin the business in exchange for common stock. April 2: Paid $4,200 cash for six months' lease on van for the business. April 3: Borrowed $15,000 cash from bank and signed note payable agreeing to repay it in 1 year plus 10% interest. April 3: Purchased $8,200 of cleaning equipment; paid $3,800 cash with the remainder due within 30 days April 4: Paid $6,400 cash for cleaning supplies to have on hand. April 7: Paid $500 cash for advertisements to run in newspaper during April. April 21: Billed customers $5,500 for services performed. April 23: Paid $4,400 cash on account to cleaning equipment suppliers (see April 3). April 28: Collected $4,000 cash from customers on account balances. April 29: Paid $1,500 cash for dividends. April 30: Paid $2,600 cash for April wages April 30: Paid $1,480 cash to service station for gasoline used during April. Record the transactions using the financial statement effects template. NOTE: Use negative signs with your answers, when appropriate. [table] | | Balance Sheet | | | | Income Statement April | | Cash | | Noncash | | | | Contributed | | Earned | | | | | | | | Net Date | Transaction | Asset | + | Assets | = | Liabilities | + | Capital | + | Capital | | | | Revenues | - | Expenses | = | Income 1 | Stock issued in exchange for cash. | Answer 1CorrectThe correct answer is: 13500Mark 1.00 out of 1.00 | | Answer 2CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 3CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 4CorrectThe correct answer is: 13500Mark 1.00 out of 1.00 | | Answer 5CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 6CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 7CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 8CorrectThe correct answer is: 0Mark 1.00 out of 1.00 2 | Cash paid for rent for six months. | Answer 9CorrectThe correct answer is: -4200Mark 1.00 out of 1.00 | | Answer 10CorrectThe correct answer is: 4200Mark 1.00 out of 1.00 | | Answer 11CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 12CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 13CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 14CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 15CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 16CorrectThe correct answer is: 0Mark 1.00 out of 1.00 3 | Borrowed cash from bank. | Answer 17CorrectThe correct answer is: 15000Mark 1.00 out of 1.00 | | Answer 18CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 19CorrectThe correct answer is: 15000Mark 1.00 out of 1.00 | | Answer 20CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 21CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 22CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 23CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 24CorrectThe correct answer is: 0Mark 1.00 out of 1.00 3 | Purchased cleaning equipment: partially with cash; partially on account. | Answer 25CorrectThe correct answer is: -3800Mark 1.00 out of 1.00 | | Answer 26CorrectThe correct answer is: 8200Mark 1.00 out of 1.00 | | Answer 27CorrectThe correct answer is: 4400Mark 1.00 out of 1.00 | | Answer 28CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 29CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 30CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 31CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 32CorrectThe correct answer is: 0Mark 1.00 out of 1.00 4 | Paid cash for cleaning supplies to have on hand. | Answer 33CorrectThe correct answer is: -6400Mark 1.00 out of 1.00 | | Answer 34CorrectThe correct answer is: 6400Mark 1.00 out of 1.00 | | Answer 35CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 36CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 37CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 38CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 39CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 40CorrectThe correct answer is: 0Mark 1.00 out of 1.00 7 | Paid cash for newspaper advertisements. | Answer 41CorrectThe correct answer is: -500Mark 1.00 out of 1.00 | | Answer 42CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 43CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 44CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 45CorrectThe correct answer is: -500Mark 1.00 out of 1.00 | | | | Answer 46CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 47CorrectThe correct answer is: 500Mark 1.00 out of 1.00 | | Answer 48CorrectThe correct answer is: -500Mark 1.00 out of 1.00 21 | Billed customers for services performed. | Answer 49CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 50CorrectThe correct answer is: 5500Mark 1.00 out of 1.00 | | Answer 51CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 52CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 53CorrectThe correct answer is: 5500Mark 1.00 out of 1.00 | | | | Answer 54CorrectThe correct answer is: 5500Mark 1.00 out of 1.00 | | Answer 55CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 56CorrectThe correct answer is: 5500Mark 1.00 out of 1.00 23 | Paid cash to suppliers, on account. | Answer 57CorrectThe correct answer is: -4400Mark 1.00 out of 1.00 | | Answer 58CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 59CorrectThe correct answer is: -4400Mark 1.00 out of 1.00 | | Answer 60CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 61CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 62CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 63CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 64CorrectThe correct answer is: 0Mark 1.00 out of 1.00 28 | Collected cash from customers, on account. | Answer 65CorrectThe correct answer is: 4000Mark 1.00 out of 1.00 | | Answer 66CorrectThe correct answer is: -4000Mark 1.00 out of 1.00 | | Answer 67CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 68CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 69CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | | | Answer 70CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 71CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 72CorrectThe correct answer is: 0Mark 1.00 out of 1.00 29 | Paid cash for dividends. | Answer 73CorrectThe correct answer is: -1500Mark 1.00 out of 1.00 | | Answer 74CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 75CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 76CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 77CorrectThe correct answer is: -1500Mark 1.00 out of 1.00 | | | | Answer 78CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 79CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 80CorrectThe correct answer is: 0Mark 1.00 out of 1.00 30 | Paid cash for April wages. | Answer 81CorrectThe correct answer is: -2600Mark 1.00 out of 1.00 | | Answer 82CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 83CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 84CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 85CorrectThe correct answer is: -2600Mark 1.00 out of 1.00 | | | | Answer 86CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 87CorrectThe correct answer is: 2600Mark 1.00 out of 1.00 | | Answer 88CorrectThe correct answer is: -2600Mark 1.00 out of 1.00 30 | Paid cash for gasoline used in April. | Answer 89CorrectThe correct answer is: -1480Mark 1.00 out of 1.00 | | Answer 90CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 91CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 92CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 93CorrectThe correct answer is: -1480Mark 1.00 out of 1.00 | | | | Answer 94CorrectThe correct answer is: 0Mark 1.00 out of 1.00 | | Answer 95CorrectThe correct answer is: 1480Mark 1.00 out of 1.00 | | Answer 96CorrectThe correct answer is: -1480Mark 1.00 out of 1.00 | Totals | | + | | = | | + | | + | | | | | | - | | = | [/table]

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