会计专业英语 作业第二版本(1)
Exercises[共3页]
![Exercises[共3页]](https://img.taocdn.com/s3/m/619dcb2f941ea76e59fa043e.png)
— 57 —Unit 5 AssetsFor the latest accounting standards in China, one important change for the definition of intangible asset is in regard to the definition of identifiability.The term “amortization” is used to describe the systematic write-off to the cost of an intangible asset over its useful life.inventory ['inv əntri] n . 存货Cash at bank 现金Bills Receivable 应收票据Accounts Receivable 应收账款Prepaid Expense 预付账款deferred assets 递延资产current assets 流动资产cash equivalents 现金等价物bad debt 坏账1. Multiple Choices(1) Which of the following is not the essential attributes of assets? ( )A. A future economic benefit is expected to provide to the entity.B. The transaction or event giving rise to the control must already have occurred.C. It has a physical form.D. It should be owned or be controlled by the entity.(2) ( ) does not belong to the current assets.A. Cash at bankB. Accounts receivableC. Motor vehiclesD. Inventory (3) Current assets are not ( ). A. cashB. expected to be converted to cash within a yearC. expected to be used up within a yearD. expected to be last beyond a year(4) Under the situation of a shortage of cash, which action should not be taken? ( )A. To overdraft loans.。
会计学英文版作业
a. Cash withdrawal by owner d. Cash g. Prepaid rentb. Office equipment e. Utilities expenses h. Unearned feesc. Accounts payable f. Office supplies i. Service fees earned1-6 The following are common categories on a classified balance sheet.A. Current assets D. Intangible assetsB. Long-term investments E. Current liabilitiesC. Plant assets F. Long-term liabilitiesFor each of the following items, select the letter that identifies the balance sheet category where the item typically would appear.______ 1. Land not currently used in operations ______ 5. Accounts payable______ 2. Notes payable (due in three years) ______ 6. Store equipment______ 3. Accounts receivable ______ 7. Wages payable______ 4. Trademarks ______ 8. Cash1-7 In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter a Z in the blank.A. Current assets D. Intangible assets F. Long-term liabilitiesB. Long-term investments E. Current liabilities G. EquityC. Plant assets______ 1. Long-term investment in stock ______ 12. Accumulated depreciation—Trucks ______ 2. Depreciation expense—Building ______ 13. Cash______ 3. Prepaid rent______ 4. Interest receivable ______ 14. Buildings______ 5. Taxes payable ______ 15. Store supplies______ 6. Automobiles ______ 16. Office equipment______ 7. Notes payable (due in 3 years) ______ 17. Land (used in operations)______ 8. Accounts payable ______ 18. Repairs expense______ 9. Prepaid insurance ______ 19. Office supplies______ 10. Owner, Capital ______ 20. Current portion of long-term note payable ______ 11. Unearned services revenue1-8 In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classfication. If the item should not appear on the balance sheet, enter a Z in the blank.A. Current assets E. Current liabilitiesB. Long-term investments F. Long-term liabilitiesC. Plant assets G. Equity3-2 The adjusted trial balance for Chiara Company as of December 31, 2008, follows.Debit CreditCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30,000Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . 52,000Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . 18,000Notes receivable (due in 90 days) . . . . . . . . . . . . . 168,000Office supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000Automobiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168,000Accumulated depreciation—Automobiles . . . . . . . $ 50,000Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,000Accumulated depreciation—Equipment . . . . . . . . . 18,000Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78,000Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . 96,000Interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000Salaries payable . . . . . . . . . . . . . . . . . . . . . . . . . . 19,000Unearned fees . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000Long-term notes payable . . . . . . . . . . . . . . . . . . . 138,000R.Chiara,Capital . . . . . . . . . . . . . . . . . . . . . . . . . 255,800R.Chiara,Withdrawals . . . . . . . . . . . . . . . 46,000Fees earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,000Interest earned . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000Depreciation expense—Automobiles . . . . . . . . . . 26,000Depreciation expense—Equipment . . . . . . . . . . . . 18,000Salaries expense . . . . . . . . . . . . . . . . . . . . . . . . . . 188,000Wages expense . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . 32,000Office supplies expense . . . . . . . . . . . . . . . . . . . . 34,000Advertising expense . . . . . . . . . . . . . . . . . . . . . . . 58,000Repairs expense—Automobiles . . . . . . . . . . . . . . 24,800Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,134,800 $1,134,800Required1. Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31,2008; (b) the statement of owner’s equity for the year ended December 31,2008;and (c) the balance sheet as of December 31, 2008.2. Calculate the profit margin for year 2008.3-3 On April 1, 2008, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month..April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the business.2 Rented furnished office space by paying $1,800 cash for the first month’s (April) rent.3 Purchased $1,000 of office supplies for cash.10 Paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins onApril 11.14 Paid $1,600 cash for two weeks’salaries earned by employees.24 Collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 Paid another $1,600 cash for two weeks’salaries earned by employees.29 Paid $350 cash for minor rep airs to the company’s computer.30 Paid $750 cash for this month’s telephone bill.30 Nozomi withdrew $1,500 cash for personal use.The company’s chart of accounts follows:101 Cash 405 Commissions Earned106 Accounts Receivable 612 Depreciation Expense—Computer Equip.124 Office Supplies 622 Salaries Expense128 Prepaid Insurance 637 Insurance Expense167 Computer Equipment 640 Rent Expense168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense209 Salaries Payable 684 Repairs Expense301 J.Nozomi,Capital 688 Telephone Expense302 J.Nozomi,Withdrawals 901 Income SummaryRequired:1. Use the balance column format to set up each ledger account listed in its chart of accounts.2. Prepare journal entries to record the transactions for April and post them to the ledger accounts. The company records prepaid and unearned items in balance sheet accounts.3. Prepare an unadjusted trial balance as of April 30.4. Use the following information to journalize and post adjusting entries for the month:a. Two-thirds of one month’s insurance coverage has expired.b. At the end of the month, $600 of office supplies are still available.c. This month’s depreciation on the computer equipment is $500.d. Employees earned $420 of unpaid and unrecorded salaries as of month-end.e. The company earned $1,750 of commissions that are not yet billed at month-end.5. Prepare the income statement and the statement of owner’s equity for the month of April a nd the balance sheet at April 30, 2008.6. Prepare journal entries to close the temporary accounts .7. Prepare a post-closing trial balance.。
会计英语第二版答案
会计英语第二版答案【篇一：会计英语课后题答案answer for lesson 1】r each of the following uelated items1.d2. d3. b4. d5. c6. c7.d8.a9.b10.b11c12b 13c 14d 15 a exercise answer for lesson 11.2 short-answer essay questions1.accounting cycle is an important concept for accounting. briefly explain the steps for accounting cycle.solution: (1)analyze transactions; (2) journalize transactions; (3) post to ledger;(4) prepare unadjusted trial balance ;(5) journalize post adjustments; (6) prepare adjusted trial balance;(7) prepare financial statements; (8) journalize and post closing entries; (9) prepare post-closing trial balance2 your roommate, a marketing major, thinks that debit means decrease and credit means increase. and, that every account can be debited and credited and as result, every account can have both a debit and a credit balance. explain to your roommate (1) the meaning of debit and credit; (2) which accounts can only be debited, which can only be credited, and which can be both debited and credited; and (3) which accounts normally have debit balances and which credit balances.solution: the terms debit and credit mean the left and right side, respectively, of every account. some accounts such as dividends and expenses are only debited; other accounts such as share capital-ordinary and revenues are only credited; and finally, some accounts such as cash, accounts receivable, and accounts payable can be debited and credited. accounts with debit balances include assets, dividends, and expenses. accounts with credit balances include share capital-ordinary and revenues.3 a fellow classmate is confused about how debits andcredits relate to the basic accounting equation. state the basic accounting equation, convert it into the expanded accounting equation, and then explain how it ties into the rules for debits and credits.solution:the basic accounting equation is:assets = liabilities + equitythe expanded equation divides equity into its various parts, reflecting the shareholders investment, dividends, revenues, and expenses:assets = liabilities + share capital-ordinary + retained earnings – dividends + revenues – expensesthis expanded equation can then be re-arranged to explain why certain accounts have debit (left-hand) balances, while other accounts have credit (right-hand) balances, as follows:assets + dividends + expenses = liabilities + share capital-ordinary + retained earnings + revenuesthe accounts on the left-hand side of the equation have left-hand, or debit balances, while the accounts on theright-hand side of the equation have right-hand, or credit balances. accounts with debit balances are increased with debits and decreased with credits, while accounts with credit balances are increased with credits and decreased with debits.4 john dough, a fellow employee, wants to understand the basic steps in the recording process. identify and briefly explain the steps in the order in which they occur.solutionthe basic steps in the recording process are:1. analyze each transaction. in this step, business documents are examined to determine the effects of the transactionon the accounts.2. enter each transaction in a journal. this step is called journalizing and it results in making a chronological record of the transactions.3. transfer journal information to ledger accounts. this step is called posting. posting makes it possible to accumulatethe effects of journalized transactions on individual accounts.5 the process of transferring the information in the journal to the general ledger is called posting. explain the posting process, including the importance of the journal page number and the account numbers.solutionthe posting process begins with locating the account(s) being debited in the general ledger. then entering the date of the entry, the journal page number where the entry originated and debit portion of the entry in the date, reference and debitcolumns, respectively. once this done, the account number(s) of the account(s) being debited is (are) entered in the reference column in the journal. next, the credit portion of the journal entry is posted to the appropriate accounts in the ledger following the same steps as noted for the debit portion.the importance of the journal page number, in the reference column of each account in the general ledger accounts, is to indicate where to find the original entry. and, the generalledger account numbers, in the reference column of the journal, indicate that the entry has been posted.1.3 the effects of transactions on the accounting equationlinda champion began a professional accounting practice on may 1 and plans to prepare financial statements at the end of each month. during may, champion completed these transactions:。
9.2.2 A Single-step Income Statement[共2页]
![9.2.2 A Single-step Income Statement[共2页]](https://img.taocdn.com/s3/m/bb5a945283d049649a665827.png)
— 84 —会计专业英语（第2版）buildings for example, are measured at their historical cost rather than their market values. These contradict reliability.A balance sheet usually doesn’t show the cost/value of intangibles such as people, patents, ideas, culture, market share, etc. That may be an “asset” to a corporation and sometimes even its most vital asset. For example, many company resources including its trained employees, its experienced management team, and its reputation are not recorded as assets at all.In summary, even though the balance sheet does not directly measure the market value of the entity, it provides valuable information that can be used to help judge market value.9.2.1 The Function of an Income StatementAn income statement is a financial statement that shows the amount of income earned by a business over a period of time. It is a principal financial statement providing a measure of appraising the operating performance of a firm for some particular period of time. The income statement is a changing financial statement. It reports the changes in shareholders’ equity (retained earnings) that occurred during the reporting period as a result of operation transactions (revenues, expenses, gains and losses).an income statement helps users of financial statements predict future cash flows in a number of ways. For example, investors and creditors can use the information in the income statements to do lots of things.① It helps evaluate the past performance of the company. By examining revenues and expenses, people can tell how the company is performed and compare its performance to its competitors.② It provides a basis for predicting future performance. Information about past performance can be used to determine important trends that, if continued, provide information about future performance. Although success in the past does not necessarily mean that the company will be successful in the future, predictions of future revenues, earnings and cash flows, can be made with some confidence if a reasonable correlation exists between past and future performance.③ It helps assess the risk or uncertainty of achieving future cash flows. Information on the various components of income—revenues, expenses, gains, and losses—highlights the relations among them and can be used assess the risk of achieving a particular level of cash flows in the future.9.2.2 A Single-step Income StatementThe single-step form of income statement takes its name from the fact that all costs and expenses。
15秋地大《会计专业英语》在线作业二 答案
地大《会计专业英语》在线作业二一、判断题（共 25 道试题，共 100 分。
）1. 下列英汉互译是否正确“制造费用”-----“ ftory ovrh ”. 错误. 正确正确答案：2. 下列英汉互译是否正确“相关性”---“rliility ”. 错误. 正确正确答案：3. 下列英汉互译是否正确“ounts rivl ”-----“应付帐款”. 错误. 正确正确答案：4. “ivin yil rt ”应译为“股利支付率”. 错误. 正确正确答案：5. 下列英汉互译是否正确“ rtio ”-----“比率”. 错误. 正确正确答案：6. 下列英汉互译是否正确“Mngmnt ounting, whih sks to mt th ns of mngrs.”-----“财务会计，旨于满足所有其他使用者的会计需要。
”. 错误. 正确正确答案：7. 下列英汉互译是否正确“期间费用”-----“prio xpns ”. 错误. 正确正确答案：8. 下列英汉互译是否正确“ommon-siz inom sttmnt ”-----“共同比利润表”. 错误. 正确正确答案：9. 下列英汉互译是否正确“Ptnts n trmrks”-----“应收帐款”. 错误. 正确正确答案：10. 下列英汉互译是否正确“共同固定成本”-----“ ommon fix ost ”. 错误. 正确正确答案：11. 下列英汉互译是否正确“经营活动”-----“ oprting tivitis ”. 错误. 正确正确答案：12. 下列英汉互译是否正确“Th ounting yl”-----“会计循环”. 错误. 正确正确答案：13. 下列英汉互译是否正确“sol propritor usinss ”-----“合伙企业”. 错误. 正确正确答案：14. “urrnt rtio”应译为“流动比率”. 错误. 正确正确答案：15. 下列英汉互译是否正确“成本动因”-----“ ost rivr ”. 错误. 正确正确答案：16. 下列英汉互译是否正确“公认会计原则及其相关机构”-----“ Gnrlly pt ounting Prinipl n Orgniztion onrn with GP ”. 错误. 正确正确答案：17. 下列英汉互译是否正确“无形资产”-----“ intngil ssts ”. 错误. 正确正确答案：18. “mngmnt prformn”应译为“管理业绩”. 错误. 正确正确答案：19. 下列英汉互译是否正确“资产负债率”-----“ ts to totl ssts rtio ”. 错误. 正确正确答案：20. 下列英汉互译是否正确“在成品存货”-----“finish goos invntory ”. 错误. 正确正确答案：21. 下列英汉互译是否正确“ orinry shrholr/ ommon stokholr ”-----“普通股股东”. 错误. 正确正确答案：22. 下列英汉互译是否正确“财务报表”-----“ finnil sttmnt ”. 错误. 正确正确答案：23. 下列英汉互译是否正确“固定成本”-----“ vril ost ”. 错误. 正确正确答案：24. 下列英汉互译是否正确“ost of sls/ost of goos sol ”-----“销售成本”. 错误. 正确正确答案：25. 下列英汉互译是否正确“ mrgin of sfty ”-----“安全边际”. 错误. 正确正确答案：。
会计英语(第二版)第一章中英文互译
会计英语第一章Exercises1-1The following selected transactions were completed by Castle Delivery Service during November:(1)Received cash from owner as investment ,$2,000.(2)Paid advertising expense ,$500.(3)Purchased supplies of gas and oil for cash , $750.(4)Received cash from cash customers $2,500.(5)Paid creditors on account $480.(6)Paid cash to owner for personal use ,$600.Indicate the effect of each transactions on the accounting equation by a check mark listing theTranslation:1-1下列交易事项挑选自Castle Delivery Service公司十一月份的交易：（1）收到投资者现在投资2000美元（2）支付广告费500美元（3）现在购买汽和油，750美元（4）从购买者收到现金收入2500美元（5）偿还债权人借款480美元（6）支付现金给所有者作为个人用途600美元1-2Foreman Corporation, engaged in a service business , completed the following selected transactions during the period:1)Added additional investment, receiving cash2)Purchased supplies on account3)Returned defective supplies purchased on account and not yet paid for4)Received cash as a refund from the erroneous overpayment of an expense5)Charged customers for services sold on account6)Paid salary expense7)Paid a creditor on account8)Received cash on account from charge customer9)Paid cash for the owner’s personal use10)Determined the amount of supplies used during the monthTranslation :Foreman是一家从事服务行业的公司，以下是该公司在一段时间内的交易事项。
会计学英文版作业
a. Cash withdrawal by owner d. Cash g. Prepaid rentb. Office equipment e. Utilities expenses h. Unearned feesc. Accounts payable f. Office supplies i. Service fees earned1-6 The following are common categories on a classified balance sheet.A. Current assets D. Intangible assetsB. Long-term investments E. Current liabilitiesC. Plant assets F. Long-term liabilitiesFor each of the following items, select the letter that identifies the balance sheet category where the item typically would appear.______ 1. Land not currently used in operations ______ 5. Accounts payable______ 2. Notes payable (due in three years) ______ 6. Store equipment______ 3. Accounts receivable ______ 7. Wages payable______ 4. Trademarks ______ 8. Cash1-7 In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter a Z in the blank.A. Current assets D. Intangible assets F. Long-term liabilitiesB. Long-term investments E. Current liabilities G. EquityC. Plant assets______ 1. Long-term investment in stock ______ 12. Accumulated depreciation—Trucks ______ 2. Depreciation expense—Building ______ 13. Cash______ 3. Prepaid rent______ 4. Interest receivable ______ 14. Buildings______ 5. Taxes payable ______ 15. Store supplies______ 6. Automobiles ______ 16. Office equipment______ 7. Notes payable (due in 3 years) ______ 17. Land (used in operations)______ 8. Accounts payable ______ 18. Repairs expense______ 9. Prepaid insurance ______ 19. Office supplies______ 10. Owner, Capital ______ 20. Current portion of long-term note payable ______ 11. Unearned services revenue1-8 In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classfication. If the item should not appear on the balance sheet, enter a Z in the blank.A. Current assets E. Current liabilitiesB. Long-term investments F. Long-term liabilitiesC. Plant assets G. Equity3-2 The adjusted trial balance for Chiara Company as of December 31, 2008, follows.Debit CreditCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30,000Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . 52,000Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . 18,000Notes receivable (due in 90 days) . . . . . . . . . . . . . 168,000Office supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000Automobiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168,000Accumulated depreciation—Automobiles . . . . . . . $ 50,000Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,000Accumulated depreciation—Equipment . . . . . . . . . 18,000Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78,000Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . 96,000Interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000Salaries payable . . . . . . . . . . . . . . . . . . . . . . . . . . 19,000Unearned fees . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000Long-term notes payable . . . . . . . . . . . . . . . . . . . 138,000R.Chiara,Capital . . . . . . . . . . . . . . . . . . . . . . . . . 255,800R.Chiara,Withdrawals . . . . . . . . . . . . . . . 46,000Fees earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,000Interest earned . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000Depreciation expense—Automobiles . . . . . . . . . . 26,000Depreciation expense—Equipment . . . . . . . . . . . . 18,000Salaries expense . . . . . . . . . . . . . . . . . . . . . . . . . . 188,000Wages expense . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . 32,000Office supplies expense . . . . . . . . . . . . . . . . . . . . 34,000Advertising expense . . . . . . . . . . . . . . . . . . . . . . . 58,000Repairs expense—Automobiles . . . . . . . . . . . . . . 24,800Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,134,800 $1,134,800Required1. Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31,2008; (b) the statement of owner’s equity for the year ended December 31,2008;and (c) the balance sheet as of December 31, 2008.2. Calculate the profit margin for year 2008.3-3 On April 1, 2008, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company’s first month..April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the business.2 Rented furnish ed office space by paying $1,800 cash for the first month’s (April) rent.3 Purchased $1,000 of office supplies for cash.10 Paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins onApril 11.14 Paid $1,600 cash for two weeks’sal aries earned by employees.24 Collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 Paid another $1,600 cash for two weeks’salaries earned by employees.29 Paid $350 cash for minor repairs to the company’s computer.30 Pa id $750 cash for this month’s telephone bill.30 Nozomi withdrew $1,500 cash for personal use.The company’s chart of accounts follows:101 Cash 405 Commissions Earned106 Accounts Receivable 612 Depreciation Expense—Computer Equip.124 Office Supplies 622 Salaries Expense128 Prepaid Insurance 637 Insurance Expense167 Computer Equipment 640 Rent Expense168 Accumulated Depreciation—Computer Equip. 650 Office Supplies Expense209 Salaries Payable 684 Repairs Expense301 J.Nozomi,Capital 688 Telephone Expense302 J.Nozomi,Withdrawals 901 Income SummaryRequired:1. Use the balance column format to set up each ledger account listed in its chart of accounts.2. Prepare journal entries to record the transactions for April and post them to the ledger accounts. The company records prepaid and unearned items in balance sheet accounts.3. Prepare an unadjusted trial balance as of April 30.4. Use the following information to journalize and post adjusting entries for the month:a. Two-thirds of one month’s insurance coverage has expired.b. At the end of the month, $600 of office supplies are still available.c. This month’s depreciation on the computer equipment is $500.d. Employees earned $420 of unpaid and unrecorded salaries as of month-end.e. The company earned $1,750 of commissions that are not yet billed at month-end.5. Prepare the income statement and the statement of owner’s equity for the month of April and the balance sheet at April 30, 2008.6. Prepare journal entries to close the temporary accounts .7. Prepare a post-closing trial balance.。
4.2.2 Types of Journal[共2页]
![4.2.2 Types of Journal[共2页]](https://img.taocdn.com/s3/m/4080de9bf7ec4afe05a1df19.png)
— 19 —Unit 4 Accounting CycleIn practice, the book recording of transactions is at first called journal. A journal is a chronological record of an entity’s transactions. In this section, we will describe the recording process and illustrate how to use a journal and a ledger. The recording process follows five steps: (1) Identify the transactions from source documents; (2) Specify each account affected by the transaction and classify it by type; (3) Determine whether each account is increased or decreased by the transaction; (4) Use the rules of debit and credit and determine whether to debit or credit the account; (5) Enter the transaction in the journal, including a brief explanation for the journal entry.4.2.1 JournalIn accounting system, the information about each business transaction is initially recorded in an accounting book called Journal. Afterward, the data is transferred or posted to the ledger, the book for subsequent or secondary entry. The various transactions are evidenced by sales receipts, purchase invoices, check stubs, and so on. Since the journal is the accounting book in which transactions are first recorded, it is sometimes called the book of original entry. It is also called the day book because the journal is a chronological (day-by-day) record of all business transactions.The information about each transaction that should be recorded includes the date of the transaction, the debit and credit figures in specific ledger accounts, and a brief explanation of the transaction. At convenient intervals, the debit and credit amounts recorded in journal are transferred to the accounts in the ledger. The process of recording a transaction in a journal is called journalizing, and transferring information from a journal to a ledger is called posting. The updated ledger accounts, in turn, serve as the basis for preparing a balance sheet and other financial statements.4.2.2 Types of JournalOn functional basis, there are two types of journal: general journal and special journal. The general journal is relatively simple recording in which any type of business transactions can be recorded. In contrast to the general journal, the special journal is designed to record a specific type of frequently occurring business transaction.1. General JournalGeneral journal has only two amount columns, one for debits and the other for credits; it may beused for all the types of transactions. To illustrate journalizing, we present the standard form of general。
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
Chapter 5课后习题赵若寒 杨琬莹 邓凤兰 荆阳梅第一部分选择题1、In general terms,financial assetsappear in the balance sheet at:a.Face valueb.Current valuec.Costd.Estimated future sales valueA现值成本估计未来销售价值账面价值A B CD2、which of following practices contributesto efficient cash management?C a.Never borrow money — maintain a cash balance sufficient to make all necessary paymentsb.Record all cash receipts and cash payments atthe end of the month when reconciling the bank statementsc.Prepare monthly forecasts of planned cashreceipts,payments and anticipated cash balances upto a year in advanced.pay each bill as soon as the invoice arrives提前准备好每月预估计划的现金收入、支付和预期现金余额发票一到，就立即付款协调银行对账单的时候，在月末记录所有的现金收入和现金支付永远不要借钱——保持足够的现金余额来支付所有必要的款项ABCDA3、Each of the following measuresstrengthens internal control over cashreceipts except :a.The use of a petty cash fundb.preparation of a daily listing of all checksreceived through the mailc.The deposit of cash receipts in the bank ona daily basisd.The use of cash registersA零用备用金的使用每天进行银行现金收入的存款现金使用的登记BC D 每日通过邮件收到的支票清单的准备4.Puget Sound Co.sold marketable securities costing $80000 for $92000 cash.In the company's income statement and statementof cash flows,respectively,this will appear as:a.A $12000 gain and a $92000 cash receiptb.A $92000 gain and an $8000 cash receiptc.A $12000 gain and an $80000 cashreceiptd.A $92000 sale and a $92000 cash receipt A获得12000美元和80000的现金收据 BC D A 获得92000美元和80000的现金收据 获得92000美元和92000的现金收据获得12000美元和92000的现金收据有价证券成本是80000，获得的现金收据是92000，所以最终的收入获得是12000.5、Under the direct write-off method of accounting for uncollectible accounts:a.The current year uncollectible accountsexpense is less than the expense that would be Dunder the allowance approachb.The relationship between the current period netsales and current period uncollectible accountsexpense illustrates the matching principlec.The Allowance for Doubtful Accounts is debitedwhen specific accounts receivable are determinedto be worthlessd.Accounts receivable are not stated in thebalance sheet at net realization value,but at thebalance of the Accounts Receivable controlaccountA BCD当前年度的未收回的账目费用低于在津贴方法下的支出当前时期的净销售与当前时期的未收回的帐户费用之间的关系说明了匹配原则当特定的应收账款被确定为一文不值时，坏账准备就会被记入借方应收账款不是在在资产负债表中以净实现价值进行说明，但在应收账款控制账户的余额中6、October 1,2005,Coast Financial loaned Bart Corporation $300000,receiving in exchange a nine-month,12 percent note receivable.Coast ends its fiscal year on December 31 and makes adjusting entires to accrue interest earned on all notes receivable.The interest earned on the note receivable from Bart Corporation during 2005 will amount to:a.$9000 b.18000 c.$27000 d.$36000A2005年10月1日，公司收到一份期限为9个月，利息为12%的应收票据，所以到2005年底，只需计算3个月的应收利息，计算公式见右。
文字版解析300000*（3/12）*12%=9000数字版解析第二部分分录题Cash Balance According to the Accounting Recoods$1373Cash Balance According to the Bank Statement$2050Add Note and Interest Collected by Bank 495 Add Deposit of Oct.31 not recorded by bank 145$1868$2195Deduct:NSF Check$20Deduct Outstanding Checks:Check Printing3No.124 $15023 No.126 200 350Adjusted Balance Adjusted BalanceVally Co.Bank Reconciliation分标题一分标题一(1)Cash $ 495Other Expense $ 5Notes Receivable $ 500 (2)Accounts Receivable $20 Cash $20(3)Other Expense$3Cash $32.(1)The balance in the allowance account at the beginning of 2004: =$3200+$3200=$6400(2) (a)($530 000-$53 000)*1%=$4770Bad Debt Expense$4770Allowance for Doubtful Accounts $4770(b)$66000*10%=$6600$6600-$3200=$3400Bad Debt Expense$3400Allowance for Doubtful Accounts 3400(c)$6400-$3200=$3200Bad Debt Expense$3200Allowance for Doubtful Accounts1213.(1)The uncollectible accounts expense for 2004=$ 3600 + $ 1900 - $ 3400 = $2100The uncollectible accounts expense for 2005=$ 3000 + $ 1200 - $ 3600 = $6002(2)The customer collections for 2004=$ 250000 - ($ 83000 - $78000) – $ 1900 = $ 243100The customer collections for 2005=$ 250000 - ($ 74000 - $ 83000)–$ 1200 = $ 257800展示完毕。