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
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